Leysop Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02873385 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

LEYSOP LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs P Ley

Mr P F Franks

Dr J M Ley PhD, BSc

Mr S J Payne

SECRETARY:

Mrs P Ley

REGISTERED OFFICE:

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

REGISTERED NUMBER:

02873385 (England and Wales)

ACCOUNTANTS:

Haines Watts Essex LLP

Coopers House

65a Wingletye Lane

Hornchurch

Essex

RM11 3AT

FIXED ASSETS

Tangible assets

2

81,427

85,936

CURRENT ASSETS

Stocks

43,164

43,748

Debtors

114,392

103,489

Cash at bank and in hand

323,505

385,031

481,061

532,268

CREDITORS

Amounts falling due within one year

79,887

129,491

NET CURRENT ASSETS

401,174

402,777

TOTAL ASSETS LESS CURRENT LIABILITIES

482,601

488,713

CAPITAL AND RESERVES

Called up share capital

3

133

133

Share premium

16,467

16,467

Profit and loss account

466,001

472,113

SHAREHOLDERS' FUNDS

482,601

488,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 18 August 2014 and were signed on its behalf by:

Mrs P Ley - Director

Mr P F Franks - 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 and services, 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.

Freehold property

-

6.5% on cost

Improvements to property

-

10% on reducing balance

Plant and machinery

-

15% / 25% on a straight line basis

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

196,736

Additions

2,251

Disposals

(14,829

)

At 28 February 2014

184,158

DEPRECIATION

At 1 March 2013

110,800

Charge for year

6,760

Eliminated on disposal

(14,829

)

At 28 February 2014

102,731

NET BOOK VALUE

At 28 February 2014

81,427

At 28 February 2013

85,936

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

133

Ordinary

£1

133

133