Abbreviated Company Accounts - JAMES LIPMAN LTD

06009076 JAMES LIPMAN LTD 2014-11-30 false 2013-12-01 2014-11-30 true 06009076 2013-12-01 2014-11-30 06009076 2014-11-30 06009076 2013-11-30 06009076 uk-gaap-cd-bus:Director1 2013-12-01 2014-11-30 06009076 uk-gaap-cd-bus:Director2 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-01 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-30 iso4217:GBP shares

Registered Number 06009076

JAMES LIPMAN LTD

Abbreviated Accounts

30 November 2014

JAMES LIPMAN LTD Registered Number 06009076

Abbreviated Balance Sheet as at 30 November 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	40,481	20,375
		40,481	20,375
Current assets
Debtors		57,509	19,215
Cash at bank and in hand		90,803	115,680
		148,312	134,895
Creditors: amounts falling due within one year		(41,821)	(33,519)
Net current assets (liabilities)		106,491	101,376
Total assets less current liabilities		146,972	121,751
Total net assets (liabilities)		146,972	121,751
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		146,971	121,750
Shareholders' funds		146,972	121,751

For the year ending 30 November 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:
J Lipman, Director

JAMES LIPMAN LTD Registered Number 06009076

Notes to the Abbreviated Accounts for the period ended 30 November 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 is provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery 25% Reducing balance basis

2Tangible fixed assets

	£
Cost
At 1 December 2013	52,289
Additions	33,601
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2014	85,890
Depreciation
At 1 December 2013	31,914
Charge for the year	13,495
On disposals	-
At 30 November 2014	45,409
Net book values
At 30 November 2014	40,481
At 30 November 2013	20,375

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

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