Abbreviated Company Accounts - LAKE DISTRICT MOTORHOMES LTD

LAKE DISTRICT MOTORHOMES LTD - Company Information

07469111 LAKE DISTRICT MOTORHOMES LTD 2014-12-31 false 2014-01-01 2014-12-31 true 07469111 2014-01-01 2014-12-31 07469111 2014-12-31 07469111 2013-12-31 07469111 uk-gaap-cd-bus:Director1 2014-01-01 2014-12-31 07469111 uk-gaap-cd-bus:Director2 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-01-01 2014-12-31 uk-gaap-cd-bus:Director3 2014-12-31 uk-gaap-cd-bus:Director3 2013-12-31 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 07469111

LAKE DISTRICT MOTORHOMES LTD

Abbreviated Accounts

31 December 2014

LAKE DISTRICT MOTORHOMES LTD Registered Number 07469111

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	28,472	22,621
		28,472	22,621
Current assets
Debtors		34,844	33,408
Cash at bank and in hand		39,455	44,829
		74,299	78,237
Creditors: amounts falling due within one year		(26,947)	(28,453)
Net current assets (liabilities)		47,352	49,784
Total assets less current liabilities		75,824	72,405
Creditors: amounts falling due after more than one year		(46,952)	(70,917)
Provisions for liabilities		(3,167)	(1,442)
Total net assets (liabilities)		25,705	46
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		25,704	45
Shareholders' funds		25,705	46

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 28 September 2015

And signed on their behalf by:
A M Dixon, Director

LAKE DISTRICT MOTORHOMES LTD Registered Number 07469111

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 comply with financial reporting standards of the Accounting Standards Board.

Turnover policy
Turnover consists of the sales value, excluding VAT, of all work done in the period under contracts to supply goods and services to third parties. It includes the relevant proportion of contract values where work is partially performed in the period.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% straight line
Motor vehicles - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 January 2014	89,789
Additions	28,737
Disposals	(23,264)
Revaluations	-
Transfers	-
At 31 December 2014	95,262
Depreciation
At 1 January 2014	67,168
Charge for the year	20,125
On disposals	(20,503)
At 31 December 2014	66,790
Net book values
At 31 December 2014	28,472
At 31 December 2013	22,621

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

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

4Transactions with directors

Name of director receiving advance or credit:	A M Dixon
Description of the transaction:	Advances to director
Balance at 1 January 2014:	£ 13,413
Advances or credits made:	£ 7,799
Advances or credits repaid:	£ 11,791
Balance at 31 December 2014:	£ 9,421

Where applicable, interest is charged on overdrawn loan accounts at the rate of 4% per annum to 5 April 2014 then 3.25% per annum thereafter, loans are repayable on demand.