Abbreviated Company Accounts - LUDGATE BUSINESS FINANCE LIMITED

LUDGATE BUSINESS FINANCE LIMITED - Company Information

06328652 LUDGATE BUSINESS FINANCE LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 06328652 2014-07-01 2015-06-30 06328652 2015-06-30 06328652 2014-06-30 06328652 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 06328652 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 06328652

LUDGATE BUSINESS FINANCE LIMITED

Abbreviated Accounts

30 June 2015

LUDGATE BUSINESS FINANCE LIMITED Registered Number 06328652

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,980	1,703
		1,980	1,703
Current assets
Debtors		186,729	137,392
Cash at bank and in hand		25,316	42,941
		212,045	180,333
Creditors: amounts falling due within one year		(156,436)	(181,917)
Net current assets (liabilities)		55,609	(1,584)
Total assets less current liabilities		57,589	119
Total net assets (liabilities)		57,589	119
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		57,489	19
Shareholders' funds		57,589	119

For the year ending 30 June 2015 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 9 July 2015

And signed on their behalf by:
R P Mason, Director

LUDGATE BUSINESS FINANCE LIMITED Registered Number 06328652

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures & fittings - 33.3% on a straight line basis

2Tangible fixed assets

	£
Cost
At 1 July 2014	3,066
Additions	1,797
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	4,863
Depreciation
At 1 July 2014	1,363
Charge for the year	1,520
On disposals	-
At 30 June 2015	2,883
Net book values
At 30 June 2015	1,980
At 30 June 2014	1,703

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100