Abbreviated Company Accounts - LAYTON SUMNER LIMITED

02882865 LAYTON SUMNER LIMITED 2014-12-31 false 2014-01-01 2014-12-31 true 02882865 2014-01-01 2014-12-31 02882865 2014-12-31 02882865 2013-12-31 02882865 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 02882865 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 02882865

LAYTON SUMNER LIMITED

Abbreviated Accounts

31 December 2014

LAYTON SUMNER LIMITED Registered Number 02882865

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	308,485	334,103
		308,485	334,103
Current assets
Debtors	3	99,275	44,423
Cash at bank and in hand		2,953	-
		102,228	44,423
Creditors: amounts falling due within one year	4	(71,105)	(76,413)
Net current assets (liabilities)		31,123	(31,990)
Total assets less current liabilities		339,608	302,113
Creditors: amounts falling due after more than one year	4	(40,911)	(55,822)
Total net assets (liabilities)		298,697	246,291
Capital and reserves
Called up share capital	5	600	600
Revaluation reserve		200,811	200,811
Profit and loss account		97,286	44,880
Shareholders' funds		298,697	246,291

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 27 September 2015

And signed on their behalf by:
KAREN FARLER, Director

LAYTON SUMNER LIMITED Registered Number 02882865

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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives,

Plant and machinery 25% reducing balance

Frrehold property £1,000 p.a.

2Tangible fixed assets

	£
Cost
At 1 January 2014	353,099
Additions	-
Disposals	(23,250)
Revaluations	-
Transfers	-
At 31 December 2014	329,849
Depreciation
At 1 January 2014	18,996
Charge for the year	2,368
On disposals	-
At 31 December 2014	21,364
Net book values
At 31 December 2014	308,485
At 31 December 2013	334,103

3Debtors

	2014 £	2013 £
Debtors include the following amounts due after more than one year	99,275	44,423

4Creditors

	2014 £	2013 £
Secured Debts	40,911	55,822

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
600 Ordinary shares of £1 each	600	600