Lineside Maintenance Company Limited - Limited company - abbreviated

REGISTERED NUMBER: 03406180 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Lineside Maintenance Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Chamberlain

J A Hogg

SECRETARY:

G Chamberlain

REGISTERED OFFICE:

37-38 Market Street

Ferryhill

Co. Durham

DL17 8JH

REGISTERED NUMBER:

03406180 (England and Wales)

ACCOUNTANTS:

Little & Neal

37-38 Market Street

Ferryhill

Co. Durham

DL17 8JH

FIXED ASSETS

Tangible assets

2

182,788

189,629

Investments

3

115,000

297,788

304,629

CURRENT ASSETS

Debtors

15,605

12,059

Cash at bank and in hand

224,581

370,568

240,186

382,627

CREDITORS

Amounts falling due within one year

23,856

102,827

NET CURRENT ASSETS

216,330

279,800

TOTAL ASSETS LESS CURRENT
LIABILITIES

514,118

584,429

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

514,116

584,427

SHAREHOLDERS' FUNDS

514,118

584,429

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 directors acknowledge their 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 Board of Directors on 28 September 2015 and were signed on its behalf
by:

J A Hogg - Director

1.	ACCOUNTING POLICIES

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on cost

Computer equipment

-

33% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 January 2014

and 31 December 2014

315,309

DEPRECIATION

At 1 January 2014

125,680

Charge for year

6,841

At 31 December 2014

132,521

NET BOOK VALUE

At 31 December 2014

182,788

At 31 December 2013

189,629

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.12.14

31.12.13

£

Defined Returns Plan

75,000

Loans

£

At 1 January 2014

and 31 December 2014

40,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

2

Ordinary

£1

2

Lineside Maintenance Company Limited - Limited company - abbreviated - 11.6

Lineside Maintenance Company Limited - Limited company - abbreviated - 11.6