Lantern Web Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07740122 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

Lantern Web Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Forys

REGISTERED OFFICE:

24 Yew Avenue

West Drayton

United Kingdom

Middlesex

UB7 8PA

REGISTERED NUMBER:

07740122 (England and Wales)

ACCOUNTANTS:

Landstar Accountancy Ltd

Office 16

64-66 Wingate Square

Clapham

London

SW4 0AF

FIXED ASSETS

Tangible assets

2

2,288

565

CURRENT ASSETS

Cash at bank

28,937

28,736

CREDITORS

Amounts falling due within one
year

26,423

29,112

NET CURRENT ASSETS/(LIABILITIES)

2,514

(376

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,802

189

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

4,702

89

SHAREHOLDERS' FUNDS

4,802

189

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 25 May 2016 and were
signed by:

D Forys - 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 represents net invoiced sales of services, excluding value added

tax.

Tangible fixed assets

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

Plant and machinery etc

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss

account on a straight line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

1,697

Additions

3,415

At 31 August 2015

5,112

DEPRECIATION

At 1 September 2014

1,132

Charge for year

1,692

At 31 August 2015

2,824

NET BOOK VALUE

At 31 August 2015

2,288

At 31 August 2014

565

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

100

Ordinary

£1

100

4.	ULTIMATE CONTROLLING PARTY

The director and 75% shareholder Dan Forys and his 25% shareholder wife

Yuqi Forys are considered to be the ultimate controlling party by virtue of

their ability to act in concert in respect of the operational and financial

policies of the company.