LENI'S MODEL MANAGEMENT LIMITED Accounts filed on 31-05-2015
LENI'S MODEL MANAGEMENT LIMITED Accounts filed on 31-05-2015
LENI'S MODEL MANAGEMENT LIMITED
Company Registration Number:
06931305 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st June 2014
End date: 31st May 2015
SUBMITTED
LENI'S MODEL MANAGEMENT LIMITED
Company Information
for the Period Ended
31st May 2015
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LENI'S MODEL MANAGEMENT LIMITED
Abbreviated Balance sheet
As at 31st May 2015
| Notes | 2015 £ |
2014 £ |
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| Fixed assets | |||
| Tangible assets: | 4 |
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| Total fixed assets: |
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| Current assets | |||
| Debtors: | 5 |
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| Cash at bank and in hand: |
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| Creditors | |||
| Creditors: amounts falling due within one year | 6 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Creditors: amounts falling due after more than one year: | 7 |
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| Total net assets (liabilities): |
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The notes form part of these financial statements
LENI'S MODEL MANAGEMENT LIMITED
Abbreviated Balance sheet
As at 31st May 2015
continued
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2014 £ |
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| Capital and reserves | |||
| Called up share capital: | 8 |
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| Profit and Loss account: |
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| Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Eleni Sophia Renton
Status: Director
The notes form part of these financial statements
LENI'S MODEL MANAGEMENT LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2015
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1. Accounting policies
Basis of measurement and preparation of accounts
The financial statements have been prepared under historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2018) Turnover policy
Gross amounts invoiced represents commission and fees receivable from the operation of a model agency, excluding VAT and rentable income from various rented accommodation. Amounts payable to models comprises amounts payable for those services that the Company is arranging in its capacity as a model agent. Model agency turnover is recognized when services are performed in accordance with the terms of arrangements reached with each client. Rental income is recognized as it falls due each month Tangible fixed assets depreciation policy
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 assest over its expected useful life as follows :- Computer Equipment - 25% per annum Straight Line Office Equipment - 25% per annum Straight Line Model Flat Equipment - 25% per annum Straight Line Other accounting policies
Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the director, there is a reasonable probability that a liability or asset will crystallize in the foreseeable future
LENI'S MODEL MANAGEMENT LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2015
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4. Tangible assets
Total Cost £ At 01st June 2014: 24,173 Additions: 7,021 At 31st May 2015: 31,194 Depreciation At 01st June 2014: 18,842 Charge for year: 3,596 At 31st May 2015: 22,438 Net book value At 31st May 2015: 8,756 At 31st May 2014: 5,331
LENI'S MODEL MANAGEMENT LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2015
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5. Debtors
2015
£2014
£Trade debtors: 422,756 279,979 Other debtors: 7,500 7,500 Prepayments and accrued income: 41,474 11,535 Total: 471,730 299,014
LENI'S MODEL MANAGEMENT LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2015
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6. Creditors: amounts falling due within one year
2015
£2014
£Bank loans and overdrafts: 16,641 10,204 Trade creditors: 445,486 279,488 Taxation and social security: 45,567 32,167 Accruals and deferred income: 21,634 15,750 Other creditors: 0 29,146 Total: 529,328 366,755
LENI'S MODEL MANAGEMENT LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
31st May 2015
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7. Creditors: amounts falling due after more than one year
2015
£2014
£Other creditors: 22,412 78,416 Total: 22,412 78,416 All the directors' loan have no fixed date for repayment. The loans are interest free and will be paid back when the company is in a position to