Lez Lofts Installations Limited - Period Ending 2015-03-31

Registration number: 03814230

Lez Lofts Installations Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

Colin Richardson Accountants Limited
Waterloo House
17 Waterloo Road
Norwich
Norfolk
NR3 1EH

Lez Lofts Installations Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Lez Lofts Installations Limited
(Registration number: 03814230)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible					1,764			2,317
Current assets
Debtors					41,534			37,677
Cash at bank					1			88
					41,535			37,765
Creditors: Amounts falling due within one year					(34,873)			(34,766)
Net current assets					6,662			2,999
Net assets					8,426			5,316
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					8,326			5,216
Shareholders' funds					8,426			5,316

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved on 14 December 2015and signed by

.........................................
J R Lofts
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Lez Lofts Installations Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% reducing balance
Motor vehicle	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		5,121			5,121
At 31 March 2015		5,121			5,121
Depreciation
At 1 April 2014		2,804			2,804
Charge for the year		553			553
At 31 March 2015		3,357			3,357
Net book value
At 31 March 2015		1,764			1,764
At 31 March 2014		2,317			2,317

Page 2

Lez Lofts Installations Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3