Logs4y Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC238033 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2014

for

Logs4y Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

R Mackintosh

SECRETARY:

Mrs P A Mackintosh

REGISTERED OFFICE:

Stanedyke

Mill of Lumphart

Oldmeldrum

Aberdeenshire

AB51 0EA

REGISTERED NUMBER:

SC238033 (Scotland)

ACCOUNTANTS:

Grampian Accounting

3 Prospect Place

Arnhall Business Park

Westhill

Aberdeenshire

AB32 6SY

FIXED ASSETS

Tangible assets

2

2,127

584

CURRENT ASSETS

Stocks

-

10,080

Debtors

600

1,034

Cash at bank

52,628

14,214

53,228

25,328

CREDITORS

Amounts falling due within one year

33,823

11,811

NET CURRENT ASSETS

19,405

13,517

TOTAL ASSETS LESS CURRENT LIABILITIES

21,532

14,101

CAPITAL AND RESERVES

Called up share capital

3

6

6

Profit and loss account

21,526

14,095

SHAREHOLDERS' FUNDS

21,532

14,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 1 July 2015 and were signed by:

R Mackintosh - 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 services, 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.

Plant and machinery etc

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

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 November 2013

10,203

Additions

2,658

At 31 October 2014

12,861

DEPRECIATION

At 1 November 2013

9,619

Charge for year

1,115

At 31 October 2014

10,734

NET BOOK VALUE

At 31 October 2014

2,127

At 31 October 2013

584

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

2

Ordinary

£1

2

2

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

6

6