Lafford Carpentry Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06555908 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2015

for

Lafford Carpentry Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B S Lafford

SECRETARY:

Mrs T Lafford

REGISTERED OFFICE:

21 Burghley Road

London

N8 0QG

REGISTERED NUMBER:

06555908 (England and Wales)

ACCOUNTANTS:

Crisp Accountancy Limited

Bishops Court

17a The Broadway

Hatfield

Hertfordshire

AL9 5HZ

FIXED ASSETS

Intangible assets

2

10,761

11,589

Tangible assets

3

8,078

9,899

18,839

21,488

CURRENT ASSETS

Debtors

1

-

Cash at bank

5,864

13,942

5,865

13,942

CREDITORS

Amounts falling due within one year

24,342

32,414

NET CURRENT LIABILITIES

(18,477

)

(18,472

)

TOTAL ASSETS LESS CURRENT LIABILITIES

362

3,016

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

262

2,916

SHAREHOLDERS' FUNDS

362

3,016

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 8 September 2015 and were signed by:

B S Lafford - 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 twenty years.

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

5% on reducing balance

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 April 2014

and 31 March 2015

16,557

AMORTISATION

At 1 April 2014

4,968

Amortisation for year

828

At 31 March 2015

5,796

NET BOOK VALUE

At 31 March 2015

10,761

At 31 March 2014

11,589

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

14,871

DEPRECIATION

At 1 April 2014

4,972

Charge for year

1,821

At 31 March 2015

6,793

NET BOOK VALUE

At 31 March 2015

8,078

At 31 March 2014

9,899

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary

1

100

100