Abbreviated Company Accounts - L.T. BYRNE LAW SEARCHERS LIMITED

L.T. BYRNE LAW SEARCHERS LIMITED - Company Information

NI040553 L.T. BYRNE LAW SEARCHERS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true NI040553 2015-04-01 2016-03-31 NI040553 2016-03-31 NI040553 2015-03-31 NI040553 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 NI040553 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number NI040553

L.T. BYRNE LAW SEARCHERS LIMITED

Abbreviated Accounts

31 March 2016

L.T. BYRNE LAW SEARCHERS LIMITED Registered Number NI040553

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	2,081	730
Investments	3	1,290,494	1,028,493
		1,292,575	1,029,223
Current assets
Debtors		141,521	160,000
Cash at bank and in hand		17,261	398
		158,782	160,398
Creditors: amounts falling due within one year		(115,304)	(60,199)
Net current assets (liabilities)		43,478	100,199
Total assets less current liabilities		1,336,053	1,129,422
Total net assets (liabilities)		1,336,053	1,129,422
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		1,336,051	1,129,420
Shareholders' funds		1,336,053	1,129,422

For the year ending 31 March 2016 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 18 May 2016

And signed on their behalf by:
Liam Byrne, Director

L.T. BYRNE LAW SEARCHERS LIMITED Registered Number NI040553

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective January 2015). The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:

- Plant and machinery - 25% Reducing Balance
- Fixtures, fittings and equipment - 25% Reducing Balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Other accounting policies
Investments
Investments are stated at cost, less any provision for impairment. Any profit or losses received from investments are included in the Profit and Loss Account.

Taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the balance sheet date. Transactions, during the year, which are denominated in foreign currencies are translated at the rates of exchange ruling at the date of the transaction. The resulting exchange differences are dealt with in the profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 April 2015	15,077
Additions	2,045
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	17,122
Depreciation
At 1 April 2015	14,347
Charge for the year	694
On disposals	-
At 31 March 2016	15,041
Net book values
At 31 March 2016	2,081
At 31 March 2015	730

3Fixed assets Investments
FINANCIAL FIXED ASSETS
Other Total
investments
Investments £ £
Cost or Valuation
At 1 April 2015 1,028,493 1,028,493
Additions 262,001 262,001
─────── ───────
At 31 March 2016 1,290,494 1,290,494
─────── ───────
Net book value
At 31 March 2016 1,290,494 1,290,494
═══════ ═══════
At 31 March 2015 1,028,493 1,028,493
═══════ ═══════

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

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2