Lomaxhallsco Ltd - Period Ending 2015-04-30

Registration number: 08020248

Lomaxhallsco Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

Stubbs Parkin Limited
Chartered Accountants
55 Hoghton Street
Southport
Merseyside
PR9 0PG

Lomaxhallsco Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Lomaxhallsco Ltd
(Registration number: 08020248)
Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £						2014 £
	£			£			£			£
Current assets
Stocks								7,061,145						5,554,271
Debtors								53,169						939,082
Cash at bank and in hand								6,188						6,753
								7,120,502						6,500,106
Creditors: Amounts falling due within one year								(7,208,321)						(6,500,105)
Net (liabilities)/assets								(87,819)						1
Capital and reserves
Called up share capital		2			1						1
Profit and loss account					(87,820)						-
Shareholders' (deficit)/funds								(87,819)						1

For the year ending 30 April 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 .

Approved by the Board on 29 February 2016 and signed on its behalf by:

.........................................
Mr K Tomlinson
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Lomaxhallsco Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		1			1			1			1

Page 2