LANDRAIL_FIREARMS_LIMITED - Accounts

LANDRAIL FIREARMS LIMITED - Company Information

Print Friendly Version

Company Registration No. 03554255 (England and Wales)

LANDRAIL FIREARMS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

LANDRAIL FIREARMS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

LANDRAIL FIREARMS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

Notes

Fixed assets

Tangible assets

13,967

Current assets

Stocks

6,968

Debtors

Cash at bank and in hand

3,562

10,580

Creditors: amounts falling due within one year

(27,982)

Net current liabilities

(17,402)

Total assets less current liabilities

(3,435)

Capital and reserves

Called up share capital

Profit and loss account

(3,437)

Shareholders' funds

(3,435)

For the financial year ended 30 April 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 19 February 2016

Mr P Davie

Director

Company Registration No. 03554255

LANDRAIL FIREARMS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 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 April 2008).

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

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:

Computer equipment

- 15% on cost per annum.

Fixtures, fittings & equipment

- 15% on cost per annum.

Fixed assets

Tangible assets

Cost

At 1 May 2014

Additions

16,432

At 30 April 2015

16,432

Depreciation

At 1 May 2014

Charge for the year

2,465

At 30 April 2015

2,465

Net book value

At 30 April 2015

13,967

Share capital

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each