Abbreviated Company Accounts - LIGHTCURVE LIMITED

LIGHTCURVE LIMITED - Company Information

06008672 LIGHTCURVE LIMITED 2014-11-30 false 2013-12-01 2014-11-30 true 06008672 2013-12-01 2014-11-30 06008672 2014-11-30 06008672 2013-11-30 06008672 uk-gaap-cd-bus:Director1 2013-12-01 2014-11-30 06008672 uk-gaap-cd-bus:Director2 2013-12-01 2014-11-30 uk-gaap-cd-bus:Director3 2013-12-01 2014-11-30 uk-gaap-cd-bus:Director3 2014-11-30 uk-gaap-cd-bus:Director3 2013-11-30 iso4217:GBP shares

Registered Number 06008672

LIGHTCURVE LIMITED

Abbreviated Accounts

30 November 2014

LIGHTCURVE LIMITED Registered Number 06008672

Abbreviated Balance Sheet as at 30 November 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	4,116	4,572
		4,116	4,572
Current assets
Debtors		45,739	38,214
Cash at bank and in hand		27,709	39,870
		73,448	78,084
Prepayments and accrued income		7,209	7,394
Creditors: amounts falling due within one year		(41,763)	(52,115)
Net current assets (liabilities)		38,894	33,363
Total assets less current liabilities		43,010	37,935
Accruals and deferred income		(5,931)	(3,743)
Total net assets (liabilities)		37,079	34,192
Capital and reserves
Called up share capital		1	1
Profit and loss account		37,078	34,191
Shareholders' funds		37,079	34,192

For the year ending 30 November 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 28 August 2015

And signed on their behalf by:
Mr S Lee, Director

LIGHTCURVE LIMITED Registered Number 06008672

Notes to the Abbreviated Accounts for the period ended 30 November 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 represents the total invoice value, excluding VAT, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Leasehold Property Improvements - Straight line over the cost of the lease
Office Equipment - 33% straight line
Fixtures & Fittings - 25% reducing balance
Computer Software - 33% straight line

Other accounting policies
Leasing
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorther of the lease term and their useful lives. Obligations under such agreements are included as creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations in each period.

2Tangible fixed assets

	£
Cost
At 1 December 2013	90,092
Additions	2,781
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2014	92,873
Depreciation
At 1 December 2013	85,520
Charge for the year	3,237
On disposals	-
At 30 November 2014	88,757
Net book values
At 30 November 2014	4,116
At 30 November 2013	4,572

3Transactions with directors

Name of director receiving advance or credit:	Mr S Lee
Description of the transaction:	Loan
Balance at 1 December 2013:	£ 25,929
Advances or credits made:	£ 10,229
Advances or credits repaid:	-
Balance at 30 November 2014:	£ 36,158

During the year the Director Mr S Lee received a loan from the company. The loan is interest free and repayable on demand. The balance of the loan at 30 November 2014 was £36,158 (2013 £25,929)