Abbreviated Company Accounts - LEEDS GALVANISING & POWDER COATING LIMITED

LEEDS GALVANISING & POWDER COATING LIMITED - Company Information

Registered Number 07050671

LEEDS GALVANISING & POWDER COATING LIMITED

Abbreviated Accounts

31 October 2014

LEEDS GALVANISING & POWDER COATING LIMITED Registered Number 07050671

Abbreviated Balance Sheet as at 31 October 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	91,427	91,427
Tangible assets	3	294,165	292,758
		385,592	384,185
Current assets
Debtors		726,549	1,624,659
Cash at bank and in hand		137,468	35,350
		864,017	1,660,009
Creditors: amounts falling due within one year		(512,452)	(1,425,977)
Net current assets (liabilities)		351,565	234,032
Total assets less current liabilities		737,157	618,217
Creditors: amounts falling due after more than one year		(143,301)	(157,168)
Provisions for liabilities		(4,002)	(4,002)
Total net assets (liabilities)		589,854	457,047
Capital and reserves
Called up share capital		100	100
Profit and loss account		589,754	456,947
Shareholders' funds		589,854	457,047

For the year ending 31 October 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 31 July 2015

And signed on their behalf by:
Mike Kelly, Director

LEEDS GALVANISING & POWDER COATING LIMITED Registered Number 07050671

Notes to the Abbreviated Accounts for the period ended 31 October 2014

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
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected lives on the following bases:

Plant and machinery - 25% on cost
Motor vehicles - 20% on cost

2Intangible fixed assets

	£
Cost
At 1 November 2013	91,427
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	91,427
Amortisation
At 1 November 2013	-
Charge for the year	-
On disposals	-
At 31 October 2014	-
Net book values
At 31 October 2014	91,427
At 31 October 2013	91,427

3Tangible fixed assets

	£
Cost
At 1 November 2013	292,758
Additions	99,356
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2014	392,114
Depreciation
At 1 November 2013	-
Charge for the year	97,949
On disposals	-
At 31 October 2014	97,949
Net book values
At 31 October 2014	294,165
At 31 October 2013	292,758