LUXSIGNS_LIMITED - Accounts
LUXSIGNS_LIMITED - Accounts
Company Registration No. 03962825 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
3
(29,476 )
(34,987 )
Net current liabilities
(3,952 )
(1,515 )
Total assets less current liabilities
Provisions for liabilities
(1,062 )
(800 )
294
1,684
Capital and reserves
Called up share capital
4
Profit and loss account
Shareholders' funds
Director's responsibilities:
-
-
Approved by the Board for issue on 26 January 2016
Director
Company Registration No. 03962825
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Tangible fixed assets and depreciation
Plant, machinery & office equipment
Motor vehicles
1.5
Revenue recognition
Fee income represents revenue earned under a wide variety of contracts to provide services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014
8,717
Additions
4,500
Disposals
(2,800)
At 30 April 2015
10,417
Depreciation
At 1 May 2014
4,718
On disposals
(1,118)
Charge for the year
1,509
At 30 April 2015
5,109
Net book value
At 30 April 2015
5,308
At 30 April 2014
3,999
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £4,565 (2014 - £0).
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
5
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
3.25
13,353
268
-
13,353
268
-
The above transactions reflect all private transaction throughout the year as reduced by salary/dividends not drawn by the director.