Abbreviated Company Accounts - LAXMI LIMITED

Registered Number 01833676

LAXMI LIMITED

Abbreviated Accounts

31 December 2013

LAXMI LIMITED Registered Number 01833676

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	66,320	67,418
		66,320	67,418
Current assets
Cash at bank and in hand		52,310	47,123
		52,310	47,123
Creditors: amounts falling due within one year		(36,212)	(3,500)
Net current assets (liabilities)		16,098	43,623
Total assets less current liabilities		82,418	111,041
Creditors: amounts falling due after more than one year		(3,185)	(435)
Accruals and deferred income		(41)	0
Total net assets (liabilities)		79,192	110,606
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		78,192	109,606
Shareholders' funds		79,192	110,606

For the year ending 31 December 2013 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 26 September 2014

And signed on their behalf by:
A MISTRY, Director

LAXMI LIMITED Registered Number 01833676

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful economic life.
Land and Buildings 1.0% Straight Line
Plant & Equipment 15.0% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 January 2013	113,888
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	113,888
Depreciation
At 1 January 2013	46,470
Charge for the year	1,098
On disposals	-
At 31 December 2013	47,568
Net book values
At 31 December 2013	66,320
At 31 December 2012	67,418