THE_BLUE_LIZARD_LIMITED - Accounts

THE BLUE LIZARD LTD - Company Information

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Company Registration No. 04159571 (England and Wales)

THE BLUE LIZARD LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

THE BLUE LIZARD LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

THE BLUE LIZARD LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

502

670

Current assets

Debtors

12,551

12,994

Cash at bank and in hand

4,303

2,161

16,854

15,155

Creditors: amounts falling due within one year

(27,234)

(18,407)

Net current liabilities

(10,380)

(3,252)

Total assets less current liabilities

(9,878)

(2,582)

(9,878)

(2,582)

Capital and reserves

Called up share capital

Profit and loss account

(9,880)

(2,584)

Shareholders' funds

(9,878)

(2,582)

For the financial year ended 28 February 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 24 November 2015

E Regenwetter

Director

Company Registration No. 04159571

THE BLUE LIZARD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 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 services net of VAT.

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

25% reducing balance

1.5

Going concern

The company meets its day to day working capital requirements through funds loaned to the company by

the directors.

The company's balance sheet at the year-end shows that liabilities exceed assets by £9,878. Creditors include £17,578 owed to the directors, who have given the necessary assurances of continued support to the company such that it is appropriate to prepare these accounts on a going concern basis.

Fixed assets

Tangible assets

Cost

At 1 March 2014 & at 28 February 2015

11,129

Depreciation

At 1 March 2014

10,459

Charge for the year

168

At 28 February 2015

10,627

Net book value

At 28 February 2015

502

At 28 February 2014

670

THE BLUE LIZARD LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary shares of £1 each