Lomond Letting Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC357502 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

FOR

LOMOND LETTING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs R Anderson

C A Johnston

Dr E M Johnston

C R Martin

REGISTERED OFFICE:

68 East Clyde Street

Helensburgh

G84 7PG

REGISTERED NUMBER:

SC357502 (Scotland)

ACCOUNTANTS:

Benson Wood & Co.

20 Anderson Street

Airdrie

Lanarkshire

ML6 0AA

FIXED ASSETS

Tangible assets

2

53,143

59,048

CURRENT ASSETS

Cash at bank

18,452

13,380

CREDITORS

Amounts falling due within one year

35,054

44,315

NET CURRENT LIABILITIES

(16,602

)

(30,935

)

TOTAL ASSETS LESS CURRENT LIABILITIES

36,541

28,113

CREDITORS

Amounts falling due after more than one year

7,234

-

NET ASSETS

29,307

28,113

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

29,207

28,013

SHAREHOLDERS' FUNDS

29,307

28,113

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 30th December 2015 and were signed on its behalf by:

C A Johnston - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis which assumes that the company will

continue in operational existence in the foreseeable future. The validity of this assumption depends on the

continued support of the directors. The directors believe that it is appropriate for the financial statements to be

prepared on a going concern basis.

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.

Fixtures and fittings

-

10% on reducing balance

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

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 1st April 2014

and 31st March 2015

61,044

DEPRECIATION

At 1st April 2014

1,996

Charge for year

5,905

At 31st March 2015

7,901

NET BOOK VALUE

At 31st March 2015

53,143

At 31st March 2014

59,048

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100