Limescale Solutions Ltd Accounts

LEWIS CONSULTING GROUP LTD - Company Information






Limescale Solutions Ltd
	Abbreviated Accounts
	28 February 2015















		Company No.	08411205

at	28 February 2015

		Notes	2015	2014
			£	£
Fixed assets

	Tangible assets	2	132	262

			132	262
Current assets
	Stocks		11,740	8,929
	Debtors		4,851	6,781

	Cash at bank and in hand		4,887	2,969
			21,478	18,679
Creditors: Amounts falling due within one year			(21,468)	(28,857)
Net current assets/(liabilities)			10	(10,178)
Total assets less current liabilities			142	(9,916)
Creditors: Amounts falling due after more than one year			(10,528)	-



Net liabilities			(10,386)	(9,916)

Capital and reserves
	Called up share capital	3	1	1



	Profit and loss account		(10,387)	(9,917)

Shareholder's funds			(10,386)	(9,916)

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

For the year ended 28 February 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 27 May 2015

And signed on its behalf by:

B. Lewis
Director
27 May 2015

for the year ended 28 February 2015

1	Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) ["the FRSSE"].

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Plant and machinery

33% Straight Line

Stocks

Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts.
Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based upon current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

Foreign currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are recorded in sterling using the exchange rate ruling at the date of the transaction.
Exchange differences are are taken into account in arriving at the operating profit.

2	Fixed assets
		Tangible fixed assets	Total
		£	£
	Cost or revaluation
	At 1 March 2014	392	392




	At 28 February 2015	392	392
	Amortisation
	At 1 March 2014	130	130
	Charge for the year	130	130



	At 28 February 2015	260	260
	Net book values
	At 28 February 2015	132	132
	At 28 February 2014	262	262

3	Share Capital
		Nominal value	2015	2015	2014
		£	Number	£	£
	Allotted, called up and fully paid:
	ORDINARY	1.00	1	1	1




				1	1