L.J. St Helens Ltd - Abbreviated accounts 16.1

L.J. St Helens Ltd

Abbreviated Unaudited Accounts for the Year Ended 31 July 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Kola

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

08484595 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Intangible assets

2

49,500

55,000

CURRENT ASSETS

Stocks

3,025

5,205

Debtors

1,338

100

Cash at bank and in hand

8,690

6,881

13,053

12,186

CREDITORS

Amounts falling due within one year

52,836

50,846

NET CURRENT LIABILITIES

(39,783

)

(38,660

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

9,717

16,340

CREDITORS

Amounts falling due after more than one
year

9,318

15,390

NET ASSETS

399

950

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

299

850

SHAREHOLDERS' FUNDS

399

950

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 18 April 2016 and were signed by:

J Kola - 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 January 2015).

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 2014, is being amortised evenly over its estimated useful life of ten years.

Stocks

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

slow moving items.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

55,000

AMORTISATION

Amortisation for year

5,500

At 31 July 2015

5,500

NET BOOK VALUE

At 31 July 2015

49,500

At 31 July 2014

55,000

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100