LSI (Halifax) Limited - Limited company - abbreviated

REGISTERED NUMBER: 04650273 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

LSI (HALIFAX) LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

R G Macarthur

M R Wilson

SECRETARY:

R G Macarthur

REGISTERED OFFICE:

Brook Farm

West End

Wedmore

Somerset

BS28 4BW

REGISTERED NUMBER:

04650273 (England and Wales)

ACCOUNTANTS:

R S Porter & Co Limited

Albion Dockside Building

Hanover Place

Bristol

BS1 6UT

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of LSI (Halifax) Limited for the year ended 30 June 2015 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are

subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of LSI (Halifax) Limited, as a body, in accordance with our terms

of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of LSI

(Halifax) Limited and state those matters that we have agreed to state to the Board of Directors of LSI (Halifax)

Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest

extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of

Directors, as a body, for our work or for this report.

It is your duty to ensure that LSI (Halifax) Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LSI

(Halifax) Limited. You consider that LSI (Halifax) Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of LSI (Halifax) Limited. For

this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

R S Porter & Co Limited

Albion Dockside Building

Hanover Place

Bristol

BS1 6UT

4 February 2016

FIXED ASSETS

Tangible assets

2

2,500,000

CURRENT ASSETS

Debtors

35,866

39,138

Cash in hand

40,183

6,082

76,049

45,220

CREDITORS

Amounts falling due within one year

(269,472

)

(321,387

)

NET CURRENT LIABILITIES

(193,423

)

(276,167

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,306,577

2,223,833

CREDITORS

Amounts falling due after more than one
year

3

(1,429,800

)

(1,429,800

)

NET ASSETS

876,777

794,033

CAPITAL AND RESERVES

Called up share capital

4

1,000

Revaluation reserve

934,536

Profit and loss account

(58,759

)

(141,503

)

SHAREHOLDERS' FUNDS

876,777

794,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 4 February 2016 and were signed on its behalf
by:

R G Macarthur - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 July 2014

and 30 June 2015

2,500,000

NET BOOK VALUE

At 30 June 2015

2,500,000

At 30 June 2014

2,500,000

3.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

Repayable otherwise than by instalments

1,429,800

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary

£1

1,000

LSI (Halifax) Limited - Limited company - abbreviated - 11.0.0

LSI (Halifax) Limited - Limited company - abbreviated - 11.0.0