Lost Map Records Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC455043 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

for

Lost Map Records Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

J Lynch

REGISTERED OFFICE:

Sandamhor Farm

Isle of Eigg

Inverness-shire

PH42 4RL

REGISTERED NUMBER:

SC455043 (Scotland)

ACCOUNTANTS:

Speight & Co

2/7 Canon Lane

Edinburgh

EH3 5HD

CURRENT ASSETS

Stocks

894

894

Debtors

317

397

Cash at bank

9,173

18,699

10,384

19,990

CREDITORS

Amounts falling due within one year

21,411

19,567

NET CURRENT (LIABILITIES)/ASSETS

(11,027

)

423

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,027

)

423

CAPITAL AND RESERVES

Called up share capital

2

1

1

Profit and loss account

(11,028

)

422

SHAREHOLDERS' FUNDS

(11,027

)

423

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 20 August 2015 and were signed by:

J Lynch - 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.

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.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.15

31.7.14

value:

£

£

1

Ordinary

£1

1

1

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2015 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Speight & Co

2/7 Canon Lane

Edinburgh

EH3 5HD

25 August 2015