Abbreviated Company Accounts - OSKA LUDLOW LIMITED

OSKA LUDLOW LIMITED - Company Information

Registered Number 07569789

OSKA LUDLOW LIMITED

Abbreviated Accounts

31 December 2014

OSKA LUDLOW LIMITED Registered Number 07569789

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	214,013	230,910
		214,013	230,910
Current assets
Stocks		120,893	283,948
Debtors		86,338	99,070
Cash at bank and in hand		109,424	43,598
		316,655	426,616
Creditors: amounts falling due within one year		(347,088)	(734,326)
Net current assets (liabilities)		(30,433)	(307,710)
Total assets less current liabilities		183,580	(76,800)
Creditors: amounts falling due after more than one year		(200,449)	0
Provisions for liabilities		(8,890)	(6,132)
Total net assets (liabilities)		(25,759)	(82,932)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(25,859)	(83,032)
Shareholders' funds		(25,759)	(82,932)

For the year ending 31 December 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 12 March 2015

And signed on their behalf by:
MR M SPANG, Director

OSKA LUDLOW LIMITED Registered Number 07569789

Notes to the Abbreviated Accounts for the period ended 31 December 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
The Company’s turnover represents the value, excluding Value Added Tax, of goods sold and services supplied to customers during the period.

Tangible assets depreciation policy
Depreciation has been provided to write off the cost of tangible fixed assets over their expected useful lives using the following rates:-

Leasehold Property - 10% straight line
Fixtures & Fittings - 12.5% to 33.33% straight line

2Tangible fixed assets

	£
Cost
At 1 January 2014	249,098
Additions	8,394
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	257,492
Depreciation
At 1 January 2014	18,188
Charge for the year	25,291
On disposals	-
At 31 December 2014	43,479
Net book values
At 31 December 2014	214,013
At 31 December 2013	230,910