LVS Construction Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04590580 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

LVS CONSTRUCTION LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M G Sharples

SECRETARY:

Ms S Devlin

REGISTERED OFFICE:

44-45 Queens Road

Coventry

West Midlands

CV1 3EH

REGISTERED NUMBER:

04590580 (England and Wales)

ACCOUNTANTS:

LDP Luckmans

Chartered Accountants

Victoria House

44-45 Queens Road

Coventry

West Midlands

CV1 3EH

FIXED ASSETS

Tangible assets

2

1,187

1,048

CURRENT ASSETS

Debtors

526

594

Cash at bank and in hand

1,240

233

1,766

827

CREDITORS

Amounts falling due within one year

8,719

10,374

NET CURRENT LIABILITIES

(6,953

)

(9,547

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(5,766

)

(8,499

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(5,767

)

(8,500

)

SHAREHOLDERS' FUNDS

(5,766

)

(8,499

)

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 21 September 2015 and were signed by:

M G Sharples - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, which is dependent on the

continued support of the director.

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

8,191

Additions

479

At 31 March 2015

8,670

DEPRECIATION

At 1 April 2014

7,143

Charge for year

340

At 31 March 2015

7,483

NET BOOK VALUE

At 31 March 2015

1,187

At 31 March 2014

1,048

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

ordinary

£1

1

1