Abbreviated Company Accounts - LYON LEATHERS LIMITED

LYON LEATHERS LIMITED - Company Information

05207232 LYON LEATHERS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05207232 2014-04-01 2015-03-31 05207232 2015-03-31 05207232 2014-03-31 05207232 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05207232 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:PreferenceShareClass1 2015-03-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-03-31 uk-gaap-cd-bus:PreferenceShareClass2 2014-04-01 2015-03-31 uk-gaap-cd-bus:PreferenceShareClass2 2015-03-31 uk-gaap-cd-bus:PreferenceShareClass2 2014-03-31 iso4217:GBP shares

Registered Number 05207232

LYON LEATHERS LIMITED

Abbreviated Accounts

31 March 2015

LYON LEATHERS LIMITED Registered Number 05207232

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	2,651
Tangible assets	3	1,113	1,445
		1,113	4,096
Current assets
Stocks		105,034	105,599
Debtors		44,026	40,924
Cash at bank and in hand		33,237	19,811
		182,297	166,334
Creditors: amounts falling due within one year		(38,291)	(27,567)
Net current assets (liabilities)		144,006	138,767
Total assets less current liabilities		145,119	142,863
Creditors: amounts falling due after more than one year		(122,136)	(122,710)
Total net assets (liabilities)		22,983	20,153
Capital and reserves
Called up share capital	4	20,100	20,100
Profit and loss account		2,883	53
Shareholders' funds		22,983	20,153

For the year ending 31 March 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 22 July 2015

And signed on their behalf by:
Mr K Lyon, Director

LYON LEATHERS LIMITED Registered Number 05207232

Notes to the Abbreviated Accounts for the period ended 31 March 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
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Office equipment - 33% straight line basis
Plant and machinery - 25% straight line basis
Fixtures and fittings - 25% straight line basis

Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Goodwill - over 10 years on a straight line basis

2Intangible fixed assets

	£
Cost
At 1 April 2014	63,515
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	63,515
Amortisation
At 1 April 2014	60,864
Charge for the year	2,651
On disposals	-
At 31 March 2015	63,515
Net book values
At 31 March 2015	0
At 31 March 2014	2,651

3Tangible fixed assets

	£
Cost
At 1 April 2014	26,812
Additions	217
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	27,029
Depreciation
At 1 April 2014	25,367
Charge for the year	549
On disposals	-
At 31 March 2015	25,916
Net book values
At 31 March 2015	1,113
At 31 March 2014	1,445

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100
20,000 Redeemable Preference shares of £1 each	20,000	20,000