LSJ Vision Systems Limited,Ltd - Accounts

LSJ Vision Systems Limited,Ltd - Accounts

L.S.J. VISION SYSTEMS LIMITED - Company Information

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2014-07-01 true false Private Limited Company SC112329 2015-06-30 SC112329 2014-07-01 2015-06-30 SC112329 2014-06-30 SC112329 2013-07-01 2014-06-30 SC112329 uk-bus:Director1 2014-07-01 2015-06-30 SC112329 uk-gaap:PlantMachinery 2014-07-01 2015-06-30 SC112329 uk-gaap:OfficeEquipment 2014-07-01 2015-06-30 SC112329 uk-gaap:Vehicles 2014-07-01 2015-06-30 SC112329 uk-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP
LSJ Vision Systems Limited
For the year ended 30 June 2015
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC112329
2
Contents Page
LSJ Vision Systems Limited
For the year ended 30 June 2015
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
Accountants' Report
For the year ended 30 June 2015
LSJ Vision Systems Limited
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 30 June 2015 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Bell and Cawthorne
Lawmax House
30-32 Nottingham Road
Stapleford
Nottingham
NG9 8AA
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4
Abbreviated Balance Sheet
LSJ Vision Systems Limited
As at 30 June 2015
SC112329
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
7,306
7,952
7,306
7,952
Current assets
Debtors
458
438
Cash at bank and in hand
97
20
535
478
Creditors: amounts falling due within one year
(67,155)
(77,535)
(66,677)
(77,000)
Net current liabilities
Total assets less current liabilities
(69,694)
(58,725)
(69,694)
Net liabilities
(58,725)
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
(69,794)
(58,825)
(69,694)
(58,725)
Shareholders funds
For the year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 03 March 2016
Maurice Akpa Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
For the year ended 30 June 2015
LSJ Vision Systems Limited
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
20% Reducing balance
Computer Equipment
33%0 Straight line
Motor Vehicles
25% Reducing balance
No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation
would be immaterial. The directors undertake an annual impairment review of these properties.
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Notes to the Abbreviated Financial Statements
For the year ended 30 June 2015
LSJ Vision Systems Limited
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
24,239
At 01 July 2014
At 30 June 2015
24,239
Depreciation
16,287
At 01 July 2014
646
Charge for year
16,933
At 30 June 2015
Net book values
At 30 June 2015
7,306
7,952
At 30 June 2014
3 Share capital
Allotted called up and fully paid
2015
2014
£
£
100 Class A shares of £1.00 each
100
100
100
100
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