Robert Lombardelli Partnership Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04668306 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

ROBERT LOMBARDELLI PARTNERSHIP LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R J Lombardelli

P A Hemmings

C C Spence

SECRETARY:

P A Hemmings

REGISTERED OFFICE:

St Lukes House

5 Walsworth Road

Hitchin

Hertfordshire

SG4 9SP

REGISTERED NUMBER:

04668306 (England and Wales)

ACCOUNTANTS:

Bradshaw Johnson

Chartered Accountants

Croft Chambers

11 Bancroft

Hitchin

Hertfordshire

SG5 1JQ

FIXED ASSETS

Intangible assets

2

601,028

601,028

Tangible assets

3

35,934

19,513

636,962

620,541

CURRENT ASSETS

Debtors

229,273

277,578

Cash at bank and in hand

392,245

316,013

621,518

593,591

CREDITORS

Amounts falling due within one year

163,747

150,455

NET CURRENT ASSETS

457,771

443,136

TOTAL ASSETS LESS CURRENT LIABILITIES

1,094,733

1,063,677

PROVISIONS FOR LIABILITIES

2,282

-

NET ASSETS

1,092,451

1,063,677

CAPITAL AND RESERVES

Called up share capital

4

300

300

Profit and loss account

1,092,151

1,063,377

SHAREHOLDERS' FUNDS

1,092,451

1,063,677

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 9 November 2015 and were signed on its behalf by:

P A Hemmings - 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 the value of services rendered, excluding VAT. Revenue under contracts for services is

recognised to the extent that the company has obtained a right to income by performing, or part performing, its

contractural obligations.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business on 1 July 2004, has not been

amortised. This accounting policy, although contrary to the requirements of the Financial Reporting Standard for

Smaller Entities, is considered by the directors to be appropriate in reflecting long term value of goodwill.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Lease

-

10% on cost

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

601,028

NET BOOK VALUE

At 31 March 2015

601,028

At 31 March 2014

601,028

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

103,941

Additions

36,592

Disposals

(16,157

)

At 31 March 2015

124,376

DEPRECIATION

At 1 April 2014

84,428

Charge for year

19,784

Eliminated on disposal

(15,770

)

At 31 March 2015

88,442

NET BOOK VALUE

At 31 March 2015

35,934

At 31 March 2014

19,513

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

300

Ordinary

£1

300

300