Lifestyle (Kent) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04825967 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

FOR

LIFESTYLE (KENT) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

I Emery

SECRETARY:

A L Emery

REGISTERED OFFICE:

8 Boughton Church Cottages

South Street

Boughton under Blean

Faversham

Kent

ME13 9NB

REGISTERED NUMBER:

04825967 (England and Wales)

ACCOUNTANTS:

Williams Giles Limited

Chartered Accountants

12 Conqueror Court

Sittingbourne

Kent

ME10 5BH

FIXED ASSETS

Tangible assets

2

19,168

25,229

CURRENT ASSETS

Stocks

12,000

10,000

Debtors

77,259

87,499

Cash at bank

1,678

8,747

90,937

106,246

CREDITORS

Amounts falling due within one year

99,603

115,532

NET CURRENT LIABILITIES

(8,666

)

(9,286

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,502

15,943

CREDITORS

Amounts falling due after more than one year

(3,909

)

(5,897

)

PROVISIONS FOR LIABILITIES

(3,612

)

-

NET ASSETS

2,981

10,046

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

2,881

9,946

SHAREHOLDERS' FUNDS

2,981

10,046

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

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

The director acknowledges his 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 director on 26 January 2016 and were signed by:

I Emery - Director

1.	ACCOUNTING POLICIES

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 goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 1 September 2014

52,856

Additions

329

At 31 August 2015

53,185

DEPRECIATION

At 1 September 2014

27,627

Charge for year

6,390

At 31 August 2015

34,017

NET BOOK VALUE

At 31 August 2015

19,168

At 31 August 2014

25,229

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £12,000 (2014 - £30,000) were paid to the director .