Abbreviated Company Accounts - LOGWOOD PLANT CENTRE LIMITED

LOGWOOD PLANT CENTRE LIMITED - Company Information

Registered Number NI058363

LOGWOOD PLANT CENTRE LIMITED

Abbreviated Accounts

31 March 2015

LOGWOOD PLANT CENTRE LIMITED Registered Number NI058363

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,036	4,088
		3,036	4,088
Current assets
Stocks		56,244	76,455
Debtors		-	633
Cash at bank and in hand		12,107	8,071
		68,351	85,159
Creditors: amounts falling due within one year		(174,891)	(174,016)
Net current assets (liabilities)		(106,540)	(88,857)
Total assets less current liabilities		(103,504)	(84,769)
Provisions for liabilities		(350)	(504)
Total net assets (liabilities)		(103,854)	(85,273)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(103,855)	(85,274)
Shareholders' funds		(103,854)	(85,273)

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 29 December 2015

And signed on their behalf by:
Mr P Boyd, Director

LOGWOOD PLANT CENTRE LIMITED Registered Number NI058363

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 represents takings from a garden centre stated net of value added tax.

Tangible assets depreciation policy
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
Fixtures and fittings 25% Reducing balance
Office Equipment 33.3% Reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2014	22,709
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	22,709
Depreciation
At 1 April 2014	18,621
Charge for the year	1,052
On disposals	-
At 31 March 2015	19,673
Net book values
At 31 March 2015	3,036
At 31 March 2014	4,088