Accounts filed on 31-05-2015

Accounts filed on 31-05-2015

LETS-STORE LTD - Company Information

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LETS-STORE LTD

Company Registration Number:
08070734 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 June 2014

End date: 31 May 2015

LETS-STORE LTD

Abbreviated Balance sheet

As at 31 May 2015


Notes
2015
£
2014
£
Fixed assets
Tangible assets: 2 2,627 3,662
Total fixed assets: 2,627 3,662
Current assets
Stocks: 200 200
Debtors: 3 3,220 3,134
Cash at bank and in hand: 47
Total current assets: 3,467 3,334
Creditors: amounts falling due within one year: 4 ( 12,308 ) ( 14,278 )
Net current assets (liabilities): ( 8,841 ) ( 10,944 )
Total assets less current liabilities: ( 6,214 ) ( 7,282 )
Total net assets (liabilities): ( 6,214 ) ( 7,282 )

The notes form part of these financial statements

LETS-STORE LTD

Balance sheet continued

As at 31 May 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 5 1 1
Profit and loss account: ( 6,215 ) ( 7,283 )
Shareholders funds: ( 6,214 ) ( 7,282 )

For the year ending 31 May 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 19 February 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: J B Maddox
Status: Director

The notes form part of these financial statements

LETS-STORE LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    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 policy

    Turnover represents net invoiced sale of services and goods, excluding value added tax.

    Tangible fixed assets depreciation policy

    The cost of tangible fixed assets is their purchase cost, together with any incidental costs of acquisition.

    Depreciation is calculated so as to write off the cost of tangible fixed assets, less their estimated residual values, on a straight line basis over the expected useful economic lives of the assets concerned. The principal annual rates used for this purpose are:


    Plant and machinery 20% on cost

    Other accounting policies

    Stocks
    Stocks are stated at the lower of cost and net realisable value.

    Deferred Taxation
    Deferred taxation is recognised as a liability or asset if transactions have occurred at the balance sheet date that gives rise to an obligation to pay more or less taxation in the future.

LETS-STORE LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2015

  • 2. Tangible assets

    Total
    Cost £
    01 June 2014: 5,176
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 May 2015: 5,176
    Depreciation
    01 June 2014: 1,514
    Charge for year: 1,035
    On disposals: 0
    Other adjustments: 0
    31 May 2015: 2,549
    Net book value
    31 May 2015: 2,627
    31 May 2014: 3,662

LETS-STORE LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2015

  • 3. Debtors


    2015
    £
    2014
    £
    Trade debtors: 607 923
    Prepayments and accrued income: 2,613 2,211
    Total: 3,220 3,134

LETS-STORE LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2015

  • 4. Creditors: amounts falling due within one year

    Other creditors includes an amount due to the director, J B Maddox amounting to £321 (2014 £625)

LETS-STORE LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 1 1.00 1
    Preference shares: 0
    Total share capital (£): 1

LETS-STORE LTD

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2015

  • 6. Related party disclosures

    Additional information

    The company owed J B Maddox at the year end £321 (2014: £625)