Loswick Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06070602 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

LOSWICK LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Martin

REGISTERED OFFICE:

14 A Main Street

Cockermouth

Cumbria

CA13 9LQ

REGISTERED NUMBER:

06070602 (England and Wales)

ACCOUNTANTS:

Tattersall Bailey

Chartered Accountants

14A Main Street

Cockermouth

Cumbria

CA13 9LQ

FIXED ASSETS

Tangible assets

2

513

286

CURRENT ASSETS

Debtors

29,792

16,703

Cash at bank

6,656

1,413

36,448

18,116

CREDITORS

Amounts falling due within one year

15,223

11,892

NET CURRENT ASSETS

21,225

6,224

TOTAL ASSETS LESS CURRENT LIABILITIES

21,738

6,510

PROVISIONS FOR LIABILITIES

103

76

NET ASSETS

21,635

6,434

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

21,634

6,433

SHAREHOLDERS' FUNDS

21,635

6,434

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 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 1 December 2015 and were signed by:

D Martin - 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 services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is not recognised in these financial statements, this is not in accordance with FRS19.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

1,772

Additions

399

At 31 March 2015

2,171

DEPRECIATION

At 1 April 2014

1,486

Charge for year

172

At 31 March 2015

1,658

NET BOOK VALUE

At 31 March 2015

513

At 31 March 2014

286

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2015 and

31 March 2014:

31.3.15

31.3.14

£

£

D Martin

Balance outstanding at start of year

13,103

-

Amounts advanced

11,467

13,103

Amounts repaid

-

-

Balance outstanding at end of year

24,570

13,103