Lugs TF Limited - Limited company - abbreviated - 11.9
Lugs TF Limited - Limited company - abbreviated - 11.9
| Abbreviated Unaudited Accounts |
| for the Year Ended 30th June 2015 |
| for |
| Lugs TF Limited |
| Lugs TF Limited (Registered number: 07138332) |
| Contents of the Abbreviated Accounts |
| for the year ended 30th June 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 5 |
| Lugs TF Limited |
| Company Information |
| for the year ended 30th June 2015 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Lugs TF Limited (Registered number: 07138332) |
| Abbreviated Balance Sheet |
| 30th June 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Investments | 3 | 421,510 | 341,510 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| The financial statements were approved by the director on |
| Lugs TF Limited (Registered number: 07138332) |
| Notes to the Abbreviated Accounts |
| for the year ended 30th June 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| 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 |
| Turnover is accounted for as the company earns the right to income. Turnover is stated net of VAT. |
| Intangible assets |
| The intangible asset was fully written off in the year of acquisition. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Investments |
| Fixed asset investments are stated at cost. Provision is made for any impairment in the value of fixed asset |
| investments. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st July 2014 |
| and 30th June 2015 |
| AMORTISATION |
| At 1st July 2014 |
| and 30th June 2015 |
| NET BOOK VALUE |
| At 30th June 2015 |
| At 30th June 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 2015 | 2014 |
| £ | £ |
| Opening balance | 341,510 | 325,000 |
| Additions | 115,000 | 45,000 |
| Disposals | (35,000 | ) | (28,490 | ) |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | £1 |
| Lugs TF Limited (Registered number: 07138332) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 30th June 2015 |
| 5. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30th June 2015 and |
| 30th June 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Lugs TF Limited |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Lugs TF Limited for the year ended 30th June 2015 which comprise the Profit and Loss Account, |
| the Balance Sheet and the related notes from the company's accounting records and from information and explanations |
| you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the director of Lugs TF Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lugs TF Limited and state those matters that we have agreed to state to the director of Lugs TF Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Lugs TF Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lugs TF Limited. You consider that Lugs TF Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Lugs TF Limited. For this |
| reason, we have not verified the accuracy or completeness of the accounting records or information and explanations |
| you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Accountants |
| 22nd December 2015 |