Lesley, Stephen & Co. Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07355651 (England and Wales)

LESLEY, STEPHEN & CO. LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr H J Cummine

Mr A G Cummine

SECRETARY:

Mr H J Cummine

REGISTERED OFFICE:

The Media Centre

7 Northumberland Street

Huddersfield

West Yorkshire

HD1 1RL

REGISTERED NUMBER:

07355651 (England and Wales)

ACCOUNTANTS:

Sheards

Chartered Accountants

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

CURRENT ASSETS

Debtors

2

1,335,453

733,799

Cash at bank and in hand

68,369

59,275

1,403,822

793,074

CREDITORS

Amounts falling due within one year

3

(693,022

)

(495,106

)

NET CURRENT ASSETS

710,800

297,968

TOTAL ASSETS LESS CURRENT LIABILITIES

710,800

297,968

CREDITORS

Amounts falling due after more than one year

3

(678,119

)

(284,745

)

NET ASSETS

32,681

13,223

CAPITAL AND RESERVES

Called up share capital

4

5

5

Profit and loss account

32,676

13,218

SHAREHOLDERS' FUNDS

32,681

13,223

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 12 November 2015 and were signed on its behalf by:

Mr H J Cummine - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Hire purchase and leasing commitments

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.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 1,020,114 (2014 - £ 573,375 )

3.

CREDITORS

Creditors include an amount of £ 672,186 for which security has been given.

They also include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

-

32,025

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

5

Ordinary

£1

5

5