Lindsell Associates Ltd,Ltd - Accounts

Lindsell Associates Ltd,Ltd - Accounts

LINDSELL ASSOCIATES LTD - Company Information

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2014-11-01 true false Private Limited Company 07472539 2015-10-31 07472539 2014-11-01 2015-10-31 07472539 2014-10-31 07472539 2013-11-01 2014-10-31 07472539 uk-bus:Director1 2014-11-01 2015-10-31 07472539 uk-gaap:OfficeEquipment 2014-11-01 2015-10-31 07472539 uk-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP
Lindsell Associates Ltd
For the year ended 31 October 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07472539
2
Contents Page
Lindsell Associates Ltd
For the year ended 31 October 2015
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
Abbreviated Balance Sheet
Lindsell Associates Ltd
As at 31 October 2015
07472539
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
1,126
1,326
1,126
1,326
Current assets
Debtors
5,309
13,459
Cash at bank and in hand
11,774
17,750
25,233
23,059
Creditors: amounts falling due within one year
3
(21,679)
(25,388)
1,380
(155)
Net current liabilities
Total assets less current liabilities
971
2,706
971
Net assets
2,706
Capital and reserves
Called up share capital
1
4
1
Profit and loss account
970
2,705
971
2,706
Shareholders funds
For the year ended 31 October 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: 05 April 2016
Mr David Warburton Director
Signed on behalf of the board of directors
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4
Notes to the Abbreviated Financial Statements
Lindsell Associates Ltd
For the year ended 31 October 2015
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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.
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
15% Reducing balance
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
1,859
At 01 November 2014
At 31 October 2015
1,859
Depreciation
533
At 01 November 2014
200
Charge for year
733
At 31 October 2015
Net book values
At 31 October 2015
1,126
1,326
At 31 October 2014
3 Creditors: amounts falling due within one year
As at the 31st October 2015 the company had loans outstanding to the director Mr D Warburton of £22803 these loans are interest free and repayable on demand.
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5
Notes to the Abbreviated Financial Statements
Lindsell Associates Ltd
For the year ended 31 October 2015
4 Share capital
Allotted called up and fully paid
2015
2014
£
£
1 Ordinary Share Class 1 share of £1.00 each
1
1
1
1
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