Letmerepair Uk Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC268558 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Letmerepair Uk Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K Dominick

SECRETARY:

P Bain

REGISTERED OFFICE:

1 Langlands Court

Kelvin South Business Park

East Kilbride

GLASGOW

G75 0YB

REGISTERED NUMBER:

SC268558 (Scotland)

ACCOUNTANTS:

RAEBURN ALLISON & CO

CHARTERED ACCOUNTANTS

13/15 STRATHMORE HOUSE

TOWN CENTRE

EAST KILBRIDE

GLASGOW

G74 1LF

FIXED ASSETS

Tangible assets

2

19,680

17,041

CURRENT ASSETS

Stocks

1,797

1,797

Debtors

216,417

321,778

Cash at bank

269,407

30,997

487,621

354,572

CREDITORS

Amounts falling due within one year

211,204

268,975

NET CURRENT ASSETS

276,417

85,597

TOTAL ASSETS LESS CURRENT LIABILITIES

296,097

102,638

PROVISIONS FOR LIABILITIES

3,936

3,408

NET ASSETS

292,161

99,230

CAPITAL AND RESERVES

Called up share capital

3

72,500

72,500

Profit and loss account

219,661

26,730

SHAREHOLDERS' FUNDS

292,161

99,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 21 March 2016 and were signed by:

K Dominick - Director

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 represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost and 20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

84,379

Additions

12,123

At 31 December 2015

96,502

DEPRECIATION

At 1 January 2015

67,338

Charge for year

9,484

At 31 December 2015

76,822

NET BOOK VALUE

At 31 December 2015

19,680

At 31 December 2014

17,041

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

£

72,500

ORDINARY

1

72,500

72,500

4.	ULTIMATE PARENT COMPANY

LMR GmbH (incorporated in Germany ) is regarded by the director as being the company's ultimate parent

company.