LucidSynergy Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07080913 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2014

for

LucidSynergy Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C J Witham

REGISTERED OFFICE:

The Mill House

Wattisfield Road

Walsham Le Willows

Bury St Edmunds

Suffolk

IP31 3BD

REGISTERED NUMBER:

07080913 (England and Wales)

ACCOUNTANTS:

KPSK Accounts and Tax Limited

6 Manor Park

Church Road

Gt Barton

Bury St Edmunds

Suffolk

IP31 2QR

FIXED ASSETS

Intangible assets

2

-

1,500

Tangible assets

3

2,440

2,116

2,440

3,616

CURRENT ASSETS

Stocks

200

2,800

Debtors

8,460

15,738

Cash at bank

1,411

2,282

10,071

20,820

CREDITORS

Amounts falling due within one year

11,812

19,664

NET CURRENT (LIABILITIES)/ASSETS

(1,741

)

1,156

TOTAL ASSETS LESS CURRENT LIABILITIES

699

4,772

PROVISIONS FOR LIABILITIES

488

423

NET ASSETS

211

4,349

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

210

4,348

SHAREHOLDERS' FUNDS

211

4,349

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 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 26 August 2015 and were signed by:

C J Witham - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

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

-

20% on reducing balance

Fixtures and fittings

-

20% 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

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

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

7,500

AMORTISATION

At 1 December 2013

6,000

Amortisation for year

1,500

At 30 November 2014

7,500

NET BOOK VALUE

At 30 November 2014

-

At 30 November 2013

1,500

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

4,389

Additions

921

At 30 November 2014

5,310

DEPRECIATION

At 1 December 2013

2,273

Charge for year

597

At 30 November 2014

2,870

NET BOOK VALUE

At 30 November 2014

2,440

At 30 November 2013

2,116

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/14

30/11/13

value:

£

£

1

Ordinary

£1

1

1