Ideal Loft Ladders SE Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08501764 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

FOR

IDEAL LOFT LADDERS SE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

B Powling

REGISTERED OFFICE:

8 Twisleton Court

Priory Hill

Dartford

Kent

DA1 2EN

REGISTERED NUMBER:

08501764 (England and Wales)

ACCOUNTANTS:

Blue Rocket Accounting

Chartered Tax Advisers and Accountants

8 Twisleton Court

Priory Hill

Dartford

Kent

DA1 2EN

FIXED ASSETS

Intangible assets

2

26,016

34,688

Tangible assets

3

20,091

10,850

46,107

45,538

CURRENT ASSETS

Debtors

908

1,230

Cash at bank

2,814

1,794

3,722

3,024

CREDITORS

Amounts falling due within one year

32,058

40,975

NET CURRENT LIABILITIES

(28,336

)

(37,951

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,771

7,587

CREDITORS

Amounts falling due after more than one year

16,494

10,796

NET ASSETS/(LIABILITIES)

1,277

(3,209

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

1,177

(3,309

)

SHAREHOLDERS' FUNDS

1,277

(3,209

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 2 October 2015 and were signed by:

B Powling - 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, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

20% on cost

Computer equipment

-

20% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

43,360

AMORTISATION

At 1 May 2014

8,672

Amortisation for year

8,672

At 30 April 2015

17,344

NET BOOK VALUE

At 30 April 2015

26,016

At 30 April 2014

34,688

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

12,750

Additions

12,502

At 30 April 2015

25,252

DEPRECIATION

At 1 May 2014

1,900

Charge for year

3,261

At 30 April 2015

5,161

NET BOOK VALUE

At 30 April 2015

20,091

At 30 April 2014

10,850

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/15

30/4/14

value:

£

£

100

Ordinary

£1

100

100