Abbreviated Company Accounts - LIV SUPPLIES LIMITED
Abbreviated Company Accounts - LIV SUPPLIES LIMITED
Registered Number 06242113
LIV SUPPLIES LIMITED
Abbreviated Accounts
31 December 2014
LIV SUPPLIES LIMITED Registered Number 06242113
Abbreviated Balance Sheet as at 31 December 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
LIV SUPPLIES LIMITED Registered Number 06242113
Notes to the Abbreviated Accounts for the period ended 31 December 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Motor vehicles 25% straight line
Plant and machinery 20% straight line
Office equipment 20% straight line
Other accounting policies
Stocks and work in progress are valued at the lower of cost or net realisable value
Hire purchase commitments
Assets held under hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The corresponding hire purchase obligation is treated in the balance sheet as a liability.
£ | |
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Cost | |
At 1 January 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 December 2014 |
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Depreciation | |
At 1 January 2014 |
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Charge for the year |
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On disposals |
( |
At 31 December 2014 |
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Net book values | |
At 31 December 2014 | 37,932 |
At 31 December 2013 | 24,096 |
4Transactions with directors
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 January 2014: | £ |
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Advances or credits made: | ||
Advances or credits repaid: | ||
Balance at 31 December 2014: | £ |