Abbreviated Company Accounts - LIEBERMAN GALLERY LIMITED

LIEBERMAN GALLERY LIMITED - Company Information

05636258 LIEBERMAN GALLERY LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 05636258 2014-04-01 2015-03-31 05636258 2015-03-31 05636258 2014-03-31 05636258 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 05636258 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 05636258

LIEBERMAN GALLERY LIMITED

Abbreviated Accounts

31 March 2015

LIEBERMAN GALLERY LIMITED Registered Number 05636258

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	10	10
		10	10
Current assets
Debtors		9,911	12,061
Cash at bank and in hand		3,164	655
		13,075	12,716
Creditors: amounts falling due within one year		(12,846)	(8,433)
Net current assets (liabilities)		229	4,283
Total assets less current liabilities		239	4,293
Total net assets (liabilities)		239	4,293
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		139	4,193
Shareholders' funds		239	4,293

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 directors acknowledge their 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 by the Board on 17 December 2015

And signed on their behalf by:
M Lieberman, Director

LIEBERMAN GALLERY LIMITED Registered Number 05636258

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

Fixtures, fittings and equipment - 25% straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

2Tangible fixed assets

	£
Cost
At 1 April 2014	518
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	518
Depreciation
At 1 April 2014	508
Charge for the year	-
On disposals	-
At 31 March 2015	508
Net book values
At 31 March 2015	10
At 31 March 2014	10

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100