ALL_LED_LIMITED - Accounts

ALL LED LIMITED - Company Information

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Company Registration No. 08904747 (England and Wales)

ALL LED LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

ALL LED LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ALL LED LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

20,733

23,301

Current assets

Stocks

360,527

189,905

Debtors

603,869

388,971

Cash at bank and in hand

55,507

24,793

1,019,903

603,669

Creditors: amounts falling due within one year

(842,222)

(619,264)

Net current assets/(liabilities)

177,681

(15,595)

Total assets less current liabilities

198,414

7,706

Provisions for liabilities

(4,147)

194,267

7,706

Capital and reserves

Called up share capital

80,000

Profit and loss account

114,267

(72,294)

Shareholders' funds

194,267

7,706

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 8 February 2016

Mr D R Gemmell

Mr J A Shemie

Director

Company Registration No. 08904747

ALL LED LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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.

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

33% reducing balance

Computer equipment

33% reducing balance

Fixtures, fittings & equipment

20% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

ALL LED LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 January 2015

32,015

Additions

5,097

At 31 December 2015

37,112

Depreciation

At 1 January 2015

8,714

Charge for the period

7,665

At 31 December 2015

16,379

Net book value

At 31 December 2015

20,733

At 31 December 2014

23,301

Share capital

2015

2014

Allotted, called up and fully paid

40,000 Ordinary-A shares of £1 each

40,000

40,000 Ordinary-B shares of £1 each

40,000

80,000

All categories of shares rank pari passu in all respects, save that the Ordinary-A shares have attached to them one and a half times the voting and distribution rights of the Ordinary-B shares.