Abbreviated Company Accounts - LINESIDE MAINTENANCE COMPANY LIMITED

LINESIDE MAINTENANCE COMPANY LIMITED - Company Information

03406180 LINESIDE MAINTENANCE COMPANY LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 03406180 2013-01-01 2013-12-31 03406180 2013-12-31 03406180 2012-12-31 03406180 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 03406180 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 03406180

LINESIDE MAINTENANCE COMPANY LIMITED

Abbreviated Accounts

31 December 2013

LINESIDE MAINTENANCE COMPANY LIMITED Registered Number 03406180

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	189,629	198,744
Investments	3	115,000	115,000
		304,629	313,744
Current assets
Debtors		12,059	35,268
Cash at bank and in hand		370,568	361,093
		382,627	396,361
Creditors: amounts falling due within one year		(102,827)	(76,131)
Net current assets (liabilities)		279,800	320,230
Total assets less current liabilities		584,429	633,974
Total net assets (liabilities)		584,429	633,974
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		584,427	633,972
Shareholders' funds		584,429	633,974

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 23 September 2014

And signed on their behalf by:
J A Hogg, Director

LINESIDE MAINTENANCE COMPANY LIMITED Registered Number 03406180

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.

Turnover policy
Turnover represents net invoiced sales of goods, excluding value added tax.

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 shorter.

Freehold Property - 2% on cost
Plant and Machinery - 25% on reducing balance
Fixtures and Fittings - 15% on cost
Computer Equipment - 33% on cost

Other accounting policies
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 January 2013	315,309
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	315,309
Depreciation
At 1 January 2013	116,565
Charge for the year	9,115
On disposals	-
At 31 December 2013	125,680
Net book values
At 31 December 2013	189,629
At 31 December 2012	198,744

3Fixed assets Investments
Defined Returns plan £75,000
Loans £40,000

4Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
2 Ordinary shares of £1 each	2	2