LTDesign (UK) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07723368 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2015

for

LTDesign (UK) Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr P M Swinney

SECRETARY:

REGISTERED OFFICE:

13A South Hawksworth Street

Ilkley

LS29 9DX

REGISTERED NUMBER:

07723368 (England and Wales)

FIXED ASSETS

Tangible assets

2

6,183

6,766

CURRENT ASSETS

Debtors

15,306

15,788

Cash at bank and in hand

296

5,129

15,602

20,917

CREDITORS

Amounts falling due within one year

20,427

26,295

NET CURRENT LIABILITIES

(4,825

)

(5,378

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,358

1,388

PROVISIONS FOR LIABILITIES

1,237

1,354

NET ASSETS

121

34

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

120

33

SHAREHOLDERS' FUNDS

121

34

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 3 May 2016 and were signed by:

Mr P M Swinney - 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 January 2015).

Turnover

Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and

net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern

The director does not know of any material uncertainties relating to events or conditions that may cast significant

doubt on the company's ability to continue as a going concern.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

10,586

Additions

1,085

At 31 August 2015

11,671

DEPRECIATION

At 1 September 2014

3,820

Charge for year

1,668

At 31 August 2015

5,488

NET BOOK VALUE

At 31 August 2015

6,183

At 31 August 2014

6,766

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

£

1

Ordinary

1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2015 and

31 August 2014:

31.8.15

31.8.14

£

£

Mr P M Swinney

Balance outstanding at start of year

4,158

8,799

Amounts advanced

13,452

14,197

Amounts repaid

(7,582

)

(18,838

)

Balance outstanding at end of year

10,028

4,158

Amounts advanced were cash advances made interest free and are repayable on demand.