LIBRANA_LIMITED - Accounts

LIBRANA LTD - Company Information

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Company Registration No. 05445315 (England and Wales)

LIBRANA LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2015

LIBRANA LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

LIBRANA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

160,374

9,271

Current assets

Stocks

2,500

2,225

Debtors

3,292

1,148

Cash at bank and in hand

3,231

6,446

9,023

9,819

Creditors: amounts falling due within one year

(119,111)

(36,884)

Net current liabilities

(110,088)

(27,065)

Total assets less current liabilities

50,286

(17,794)

Creditors: amounts falling due after more than one year

(41,005)

Provisions for liabilities

(3,723)

5,558

(17,794)

Capital and reserves

Called up share capital

Profit and loss account

5,556

(17,796)

Shareholders' funds

5,558

(17,794)

LIBRANA LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MAY 2015

- 2 -

For the financial year ended 31 May 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 25 February 2016

Mr P G Lepone

Mrs C A Lepone

Director

Company Registration No. 05445315

LIBRANA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2015

- 3 -

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:

Property improvements

Fixtures, fittings & equipment

10% straight line

Fixed assets

Tangible assets

Cost

At 1 June 2014

32,241

Additions

161,825

Disposals

(4,985)

At 31 May 2015

189,081

Depreciation

At 1 June 2014

22,970

Charge for the year

5,737

At 31 May 2015

28,707

Net book value

At 31 May 2015

160,374

At 31 May 2014

9,271

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each