Library Distribution Ltd - Abbreviated accounts 16.1

Library Distribution Ltd - Abbreviated accounts 16.1

LIBRARY DISTRIBUTION LIMITED - Company Information

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REGISTERED NUMBER: 04262468 (England and Wales)















Abbreviated Accounts for the Year Ended 31 July 2015

for

Library Distribution Ltd

Library Distribution Ltd (Registered number: 04262468)

Contents of the Abbreviated Accounts
for the Year Ended 31 July 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Library Distribution Ltd

Company Information
for the Year Ended 31 July 2015







DIRECTOR: Mr DJ Cressey





SECRETARY: Mrs H M Cressey





REGISTERED OFFICE: Bridge End Farm
Long Preston
Skipton
North Yorkshire
BD23 4NN





REGISTERED NUMBER: 04262468 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
Abacus House
The Ropewalk
Garstang
Preston
Lancashire
PR3 1NS
Page 1
Library Distribution Ltd (Registered number: 04262468)

Abbreviated Balance Sheet
31 July 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 213 284

CURRENT ASSETS
Stocks - 1,000
Debtors 3,079 5,855
Cash at bank 27,970 26,534
31,049 33,389
CREDITORS
Amounts falling due within one year 27,262 32,835
NET CURRENT ASSETS 3,787 554
TOTAL ASSETS LESS CURRENT
LIABILITIES
4,000
838

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 3,900 738
SHAREHOLDERS' FUNDS 4,000 838

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 29 April 2016 and were signed by:





Mr DJ Cressey - Director


The notes form part of these abbreviated accounts

Page 2
Library Distribution Ltd (Registered number: 04262468)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 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 January 2015).

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.

Computer equipment - 25% 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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2014
and 31 July 2015 965
DEPRECIATION
At 1 August 2014 681
Charge for year 71
At 31 July 2015 752
NET BOOK VALUE
At 31 July 2015 213
At 31 July 2014 284

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100
(2014 - 99 )

1 Ordinary share of £1 was issued during the year for cash of £ 1 .

Page 3