Luck Trading Limited - Limited company - abbreviated

REGISTERED NUMBER: 06436747 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2014

FOR

LUCK TRADING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

C P Tulk

Mrs Z G Tulk

SECRETARY:

C P Tulk

REGISTERED OFFICE:

Unit 5c Sigeric Business Park

Rotherwas

Hereford

Herefordshire

HR2 6BQ

REGISTERED NUMBER:

06436747 (England and Wales)

ACCOUNTANTS:

DTBC Ltd

t/a Thompson & Co

Shiretown House

41-43 Broad Street

Hereford

Herefordshire

HR4 9AR

FIXED ASSETS

Tangible assets

2

42,032

33,098

CURRENT ASSETS

Stocks

49,345

53,209

Debtors

94,455

112,845

Cash at bank

20,538

22,144

164,338

188,198

CREDITORS

Amounts falling due within one year

149,104

173,629

NET CURRENT ASSETS

15,234

14,569

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,266

47,667

CREDITORS

Amounts falling due after more than one
year

(3,014

)

(4,844

)

PROVISIONS FOR LIABILITIES

(8,406

)

(6,620

)

NET ASSETS

45,846

36,203

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

45,746

36,103

SHAREHOLDERS' FUNDS

45,846

36,203

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the
end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies
Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 June 2015 and were signed on its behalf
by:

C P Tulk - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with

the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete

and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under

finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

59,229

Additions

21,639

At 30 November 2014

80,868

DEPRECIATION

At 1 December 2013

26,131

Charge for year

12,705

At 30 November 2014

38,836

NET BOOK VALUE

At 30 November 2014

42,032

At 30 November 2013

33,098

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.14

30.11.13

value:

£

100

Ordinary

£1

100

Luck Trading Limited - Limited company - abbreviated - 11.6

Luck Trading Limited - Limited company - abbreviated - 11.6