LAKESIDE_PRINTING_LIMITED - Accounts

LAKESIDE PRINTING LIMITED - Company Information

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Company Registration No. 01554079 (England and Wales)

LAKESIDE PRINTING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2015

LAKESIDE PRINTING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LAKESIDE PRINTING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

26,237

35,383

Current assets

Stocks

948

Debtors

21,842

22,271

Cash at bank and in hand

57,925

59,119

80,715

82,338

Creditors: amounts falling due within one year

(33,220)

(43,382)

Net current assets

47,495

38,956

Total assets less current liabilities

73,732

74,339

Provisions for liabilities

(3,799)

(3,764)

69,933

70,575

Capital and reserves

Called up share capital

1,000

Profit and loss account

68,933

69,575

Shareholders' funds

69,933

70,575

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 7 October 2015

Mr P Bashford

Director

Company Registration No. 01554079

LAKESIDE PRINTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

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

Plant and machinery

25% reducing balance

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

LAKESIDE PRINTING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2014

267,826

Disposals

(155,502)

At 31 March 2015

112,324

Depreciation

At 1 April 2014

232,443

On disposals

(155,502)

Charge for the year

9,146

At 31 March 2015

86,087

Net book value

At 31 March 2015

26,237

At 31 March 2014

35,383

Share capital

2015

2014

Allotted, called up and fully paid

1,000 Ordinary shares of £1 each

1,000