Abbreviated Company Accounts - LANDCRAFT PROJECTS LIMITED

LANDCRAFT PROJECTS LIMITED - Company Information

02701013 LANDCRAFT PROJECTS LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 02701013 2014-09-01 2015-08-31 02701013 2015-08-31 02701013 2014-08-31 02701013 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 02701013 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 02701013

LANDCRAFT PROJECTS LIMITED

Abbreviated Accounts

31 August 2015

LANDCRAFT PROJECTS LIMITED Registered Number 02701013

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	122,138	131,395
		122,138	131,395
Current assets
Stocks		172,098	115,618
Debtors		361,804	366,477
Cash at bank and in hand		74,881	10,893
		608,783	492,988
Creditors: amounts falling due within one year		(276,024)	(240,246)
Net current assets (liabilities)		332,759	252,742
Total assets less current liabilities		454,897	384,137
Creditors: amounts falling due after more than one year		(8,977)	0
Provisions for liabilities		(15,141)	(3,112)
Total net assets (liabilities)		430,779	381,025
Capital and reserves
Called up share capital	3	5,000	5,000
Profit and loss account		425,779	376,025
Shareholders' funds		430,779	381,025

For the year ending 31 August 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 17 May 2016

And signed on their behalf by:
B A UPTON, Director

LANDCRAFT PROJECTS LIMITED Registered Number 02701013

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax, adjusted for the movement in work in progress (less provisions) and for due but unpaid applications for payment

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter:.
Plant and machinery etc - 25% on reducing balance, 15% on cost and 10% on cost

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads

2Tangible fixed assets

	£
Cost
At 1 September 2014	542,161
Additions	34,337
Disposals	(93,363)
Revaluations	-
Transfers	-
At 31 August 2015	483,135
Depreciation
At 1 September 2014	410,766
Charge for the year	35,083
On disposals	(84,852)
At 31 August 2015	360,997
Net book values
At 31 August 2015	122,138
At 31 August 2014	131,395

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
5,000 Ordinary shares of £1 each	5,000	5,000