Louth Transformer Company Limited - Limited company - abbreviated

REGISTERED NUMBER: 02180587 (England and Wales)

LOUTH TRANSFORMER COMPANY LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST OCTOBER 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

DIRECTORS:

K R L Mead

Mrs J Smith

SECRETARY:

K R L Mead

REGISTERED OFFICE:

Belvoir Way

Fairfield Industrial Estate

Louth

Lincolnshire

LN11 0LQ

REGISTERED NUMBER:

02180587 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

FIXED ASSETS

Tangible assets

2

87,198

83,791

CURRENT ASSETS

Stocks

60,388

77,779

Debtors

109,589

78,319

Cash at bank and in hand

530,813

540,054

700,790

696,152

CREDITORS

Amounts falling due within one year

44,535

53,044

NET CURRENT ASSETS

656,255

643,108

TOTAL ASSETS LESS CURRENT
LIABILITIES

743,453

726,899

PROVISIONS FOR LIABILITIES

4,355

3,400

NET ASSETS

739,098

723,499

CAPITAL AND RESERVES

Called up share capital

3

5,000

Capital redemption reserve

4,000

Profit and loss account

730,098

714,499

SHAREHOLDERS' FUNDS

739,098

723,499

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 8th February 2016 and were signed on its behalf
by:

K R L Mead - 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Straight line over 20 years

Plant and machinery

-

20% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2014

384,045

Additions

10,106

At 31st October 2015

394,151

DEPRECIATION

At 1st November 2014

300,254

Charge for year

6,699

At 31st October 2015

306,953

NET BOOK VALUE

At 31st October 2015

87,198

At 31st October 2014

83,791

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

5,000

Ordinary £1

£1

5,000

Louth Transformer Company Limited - Limited company - abbreviated - 11.9

Louth Transformer Company Limited - Limited company - abbreviated - 11.9