Abbreviated Company Accounts - LEWIS DRAGON LIMITED

LEWIS DRAGON LIMITED - Company Information

06199752 LEWIS DRAGON LIMITED 2014-12-30 false 2013-09-01 2014-12-30 true 06199752 2013-09-01 2014-12-30 06199752 2014-12-30 06199752 2013-08-31 06199752 uk-gaap-cd-bus:Director1 2013-09-01 2014-12-30 06199752 uk-gaap-cd-bus:Director2 2013-09-01 2014-12-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-09-01 2014-12-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-31 iso4217:GBP shares

Registered Number 06199752

LEWIS DRAGON LIMITED

Abbreviated Accounts

30 December 2014

LEWIS DRAGON LIMITED Registered Number 06199752

Abbreviated Balance Sheet as at 30 December 2014

	Notes	30/12/2014	31/08/2013
		£	£
Current assets
Stocks		-	370,744
Debtors		8,679	132,569
Cash at bank and in hand		610,136	33,430
		618,815	536,743
Creditors: amounts falling due within one year		(424,466)	(457,424)
Net current assets (liabilities)		194,349	79,319
Total assets less current liabilities		194,349	79,319
Total net assets (liabilities)		194,349	79,319
Capital and reserves
Called up share capital	2	1	1
Profit and loss account		194,348	79,318
Shareholders' funds		194,349	79,319

For the year ending 30 December 2014 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 31 December 2015

And signed on their behalf by:
Anthony Meredith Lewis, Director

LEWIS DRAGON LIMITED Registered Number 06199752

Notes to the Abbreviated Accounts for the period ended 30 December 2014

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 is the amount receivable by the company for sale of properties exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Turnover represents the agreed selling price of properties on contracts exchanged before the year end or where deposits received are not deemed repayable.

Other accounting policies
Work in progress

Stock and work in progress consists of properties held for resale stated at the lower of cost and net realisable value, which includes the purchase cost of the property, related professional charges and development expenditure including appropriate overheads and borrowing costs, together with an estimate of attributable overhead costs and profit according to the stage of completion, less provision for any know or anticipated losses.

Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

2Called Up Share Capital
Allotted, called up and fully paid:

	30/12/2014 £	31/08/2013 £
1 Ordinary shares of £1 each	1	1