David Lawrence Textiles Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08503608 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2015

for

David Lawrence Textiles Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountant

5

DIRECTOR:

L J Brown

REGISTERED OFFICE:

11 Oatlands Drive

Harrogate

North Yorkshire

HG2 8JT

REGISTERED NUMBER:

08503608 (England and Wales)

ACCOUNTANT:

John Shackleton & Co Ltd

Chartered Certified Accountants

11 Oatlands Drive

Harrogate

North Yorkshire

HG2 8JT

FIXED ASSETS

Intangible assets

2

1

1

Tangible assets

3

2,418

3,022

2,419

3,023

CURRENT ASSETS

Stocks

110,000

40,000

Debtors

12,977

13,813

Cash at bank and in hand

5,975

3,938

128,952

57,751

CREDITORS

Amounts falling due within one year

(123,570

)

(53,222

)

NET CURRENT ASSETS

5,382

4,529

TOTAL ASSETS LESS CURRENT LIABILITIES

7,801

7,552

CAPITAL AND RESERVES

Called up share capital

4

2

2

Profit and loss account

7,799

7,550

SHAREHOLDERS' FUNDS

7,801

7,552

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 31 March 2016 and were signed by:

L J Brown - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

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

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

1

NET BOOK VALUE

At 31 May 2015

1

At 31 May 2014

1

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

3,778

DEPRECIATION

At 1 June 2014

756

Charge for year

604

At 31 May 2015

1,360

NET BOOK VALUE

At 31 May 2015

2,418

At 31 May 2014

3,022

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

2

ordinary

£1

2

2

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.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2015 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, I 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 me.

John Shackleton & Co Ltd

Chartered Certified Accountants

11 Oatlands Drive

Harrogate

North Yorkshire

HG2 8JT

Date: .............................................