Lloyd IP Limited - Limited company - abbreviated - 11.6

Lloyd IP Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 03821040 (England and Wales)















Abbreviated Accounts For The Year Ended 31 December 2014

for

Lloyd IP Limited

Lloyd IP Limited (Registered number: 03821040)






Contents of the Abbreviated Accounts
For The Year Ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Lloyd IP Limited

Company Information
For The Year Ended 31 December 2014







DIRECTOR: Miss Vicky Lloyd





SECRETARY: Miss Vicky Lloyd





REGISTERED OFFICE: Langlands
Pallet Hill
Penrith
Cumbria
CA11 0BY





REGISTERED NUMBER: 03821040 (England and Wales)





ACCOUNTANTS: Robb Ferguson
Chartered Accountants
5 Oswald Street
Glasgow
G1 4QR

Lloyd IP Limited (Registered number: 03821040)

Abbreviated Balance Sheet
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 41,875 44,375

CURRENT ASSETS
Debtors 3 254,635 254,230

CREDITORS
Amounts falling due within one year 7,869 7,765
NET CURRENT ASSETS 246,766 246,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

288,641

290,840

CREDITORS
Amounts falling due after more than one
year

213,407

221,392
NET ASSETS 75,234 69,448

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account 75,232 69,446
SHAREHOLDERS' FUNDS 75,234 69,448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 29 September 2015 and were signed by:




Miss Vicky Lloyd - Director


Lloyd IP Limited (Registered number: 03821040)

Notes to the Abbreviated Accounts
For The Year Ended 31 December 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April
2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Trademarks
Trademark purchases are capitalised during the year of purchases. The only trademark capitalised is currently
being amortised over 20 years. The directors consider this to be the useful economic life of the trademark.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST OR VALUATION
At 1 January 2014
and 31 December 2014 50,000
AMORTISATION
At 1 January 2014 5,625
Amortisation for year 2,500
At 31 December 2014 8,125
NET BOOK VALUE

At 31 December 2014 41,875
At 31 December 2013 44,375

3. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 254,635 (2013 - £ 253,479 )

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2