LEWISHAM_DEVELOPMENTS_LIM - Accounts

LEWISHAM DEVELOPMENTS LIMITED - Company Information

Print Friendly Version

Company Registration No. 02799127 (England and Wales)

LEWISHAM DEVELOPMENTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2015

LEWISHAM DEVELOPMENTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

LEWISHAM DEVELOPMENTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JANUARY 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

1,085,289

Debtors

66,289

4,680

Cash at bank and in hand

115,125

20,510

1,266,703

1,110,479

Creditors: amounts falling due within one year

(257,893)

(315,797)

Total assets less current liabilities

1,008,810

794,682

Creditors: amounts falling due after more than one year

(426,964)

581,846

794,682

Capital and reserves

Called up share capital

133,333

400,000

Other reserves

266,667

Profit and loss account

181,846

394,682

Shareholders' funds

581,846

794,682

For the financial year ended 31 January 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 for issue on 30 October 2015

Mr S W Dunn

Director

Company Registration No. 02799127

LEWISHAM DEVELOPMENTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 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:

Fixtures, fittings & equipment

Straight line over 3 years

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £469,530 (2014 - £0).

Secured liabilities comprise bank loans which are secured by an unlimited debenture and a fixed charge over the freehold property.

Creditors: amounts falling due after more than one year

2015

2014

Total amounts repayable by instalments which are due in more than five years

230,656

Share capital

2015

2014

Allotted, called up and fully paid

100,000 A Ordinary shares of £1 each

100,000

300,000

33,333 B Ordinary shares of £1 each

33,333

100,000

133,333

400,000

On 9 May 2014, the company undertook a company buy of shares in respect of 200,000 A ordinary shares of £1 each and 66,667 B Ordinary shares of £1 each for a total consideration of £350,000.