Liftabout Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03848915 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

LIFTABOUT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

T G Henson

REGISTERED OFFICE:

The Squires

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

REGISTERED NUMBER:

03848915 (England and Wales)

ACCOUNTANTS:

Wright & Co Partnership Limited

Chartered Accountants

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

BANKERS:

National Westminster Bank plc

42 Cheshire Street

Market Drayton

Shropshire

TF9 1PG

FIXED ASSETS

Tangible assets

2

102

120

CURRENT ASSETS

Debtors

123

120

Cash at bank

43,835

31,001

43,958

31,121

CREDITORS

Amounts falling due within one year

9,503

2,693

NET CURRENT ASSETS

34,455

28,428

TOTAL ASSETS LESS CURRENT
LIABILITIES

34,557

28,548

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

33,557

27,548

SHAREHOLDERS' FUNDS

34,557

28,548

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 19 April 2016 and were signed by:

T G Henson - 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 services, 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

-

15% on reducing balance

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 October 2014

and 30 September 2015

1,472

DEPRECIATION

At 1 October 2014

1,352

Charge for year

18

At 30 September 2015

1,370

NET BOOK VALUE

At 30 September 2015

102

At 30 September 2014

120

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

500

Ordinary

£1

500

Non voting

£1

500

1,000