Abbreviated Company Accounts - LAUNER LONDON LIMITED

LAUNER LONDON LIMITED - Company Information

01582057 LAUNER LONDON LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 01582057 2014-01-01 2014-12-31 01582057 2014-12-31 01582057 2013-12-31 01582057 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 01582057 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-01 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 iso4217:GBP shares

Registered Number 01582057

LAUNER LONDON LIMITED

Abbreviated Accounts

31 December 2014

LAUNER LONDON LIMITED Registered Number 01582057

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	4,218	2,533
		4,218	2,533
Current assets
Stocks		122,476	100,605
Debtors		172,015	87,015
Cash at bank and in hand		74,475	32,397
		368,966	220,017
Prepayments and accrued income		54,771	7,407
Creditors: amounts falling due within one year		(246,961)	(166,640)
Net current assets (liabilities)		176,776	60,784
Total assets less current liabilities		180,994	63,317
Accruals and deferred income		(54,750)	(7,570)
Total net assets (liabilities)		126,244	55,747
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		126,144	55,647
Shareholders' funds		126,244	55,747

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 30 September 2015

And signed on their behalf by:
G Bodmer, Director

LAUNER LONDON LIMITED Registered Number 01582057

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 20% per annum on cost
Equipment - 20% per annum on cost

Other accounting policies
Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 January 2014	20,919
Additions	3,600
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	24,519
Depreciation
At 1 January 2014	18,386
Charge for the year	1,915
On disposals	-
At 31 December 2014	20,301
Net book values
At 31 December 2014	4,218
At 31 December 2013	2,533

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100