Accounts filed on 31-12-2015

Accounts filed on 31-12-2015

LETSSAVESOMEMONEY LIMITED - Company Information

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LETSSAVESOMEMONEY LIMITED

Company Registration Number:
07696338 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 January 2015

End date: 31 December 2015

LETSSAVESOMEMONEY LIMITED

Abbreviated Balance sheet

As at 31 December 2015


Notes
2015
£
2014
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 2 0 838
Total fixed assets: 0 838
Current assets
Stocks: 0 0
Debtors: 3 30,321 29,448
Cash at bank and in hand: 2,638 3,826
Total current assets: 32,959 33,274
Creditors: amounts falling due within one year: 4 ( 226,196 ) ( 240,066 )
Net current assets (liabilities): ( 193,237 ) ( 206,792 )
Total assets less current liabilities: ( 193,237 ) ( 205,954 )
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 0
Total net assets (liabilities): ( 193,237 ) ( 205,954 )

The notes form part of these financial statements

LETSSAVESOMEMONEY LIMITED

Balance sheet continued

As at 31 December 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 5 29,107 29,107
Profit and loss account: ( 222,344 ) ( 235,061 )
Shareholders funds: ( 193,237 ) ( 205,954 )

For the year ending 31 December 2015 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 13 May 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr M Willingham-Toxvaerd
Status: Director

The notes form part of these financial statements

LETSSAVESOMEMONEY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    Accounting convention
    The financial statements have been prepared under the historical cost convention and the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

    Turnover represents the value of internet lead generation and advertising services provided during the period net of value added tax.

    Tangible fixed assets depreciation policy

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

    Office equipment 20% - 50% straight line basis

    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.

    Basis of preparation
    The financial statements have been prepared on a going concern basis.

LETSSAVESOMEMONEY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 2. Tangible assets

    Total
    Cost £
    01 January 2015: 5,011
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 December 2015: 5,011
    Depreciation
    01 January 2015: 4,173
    Charge for year: 838
    On disposals: 0
    Other adjustments: 0
    31 December 2015: 5,011
    Net book value
    31 December 2015: 0
    31 December 2014: 838

LETSSAVESOMEMONEY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 3. Debtors


    2015
    £
    2014
    £
    Trade debtors: 14,512 8,543
    Prepayments and accrued income: 3,309 4,620
    Other debtors: 12,500 16,285
    Total: 30,321 29,448

LETSSAVESOMEMONEY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 4. Creditors: amounts falling due within one year


    2015
    £
    2014
    £
    Bank loans and overdrafts: 0 0
    Amounts due under finance leases and hire purchase contracts: 0 0
    Trade creditors: 52,900 83,778
    Taxation and social security: 5,159 883
    Accruals and deferred income: 70,780 97,780
    Other creditors: 97,357 57,625
    Total: 226,196 240,066

LETSSAVESOMEMONEY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 291,068 0.10 29,107
    Preference shares: 0 0
    Total share capital (£): 29,107
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 291,068 0.10 29,107
    Preference shares: 0 0
    Total share capital (£): 29,107

LETSSAVESOMEMONEY LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 December 2015

  • 6. Related party disclosures

    Name of the ultimate controlling party during the period: Mr M & Mrs S L Willingham-Toxvaerd
    Name of related party: Mr M & Mrs S L Willingham-Toxvaerd
    Relationship: Directors & shareholders
    Description of the transaction Included in creditors is an amount due to the shareholders.
    Balance at 01 January 2015 48,625
    Balance at 31 December 2015 44,270
    Name of related party: Mr M P Firth
    Relationship: Mr M P Firth
    Description of the transaction Included in creditors is an amount due to the shareholder.
    Balance at 01 January 2015 9,000
    Balance at 31 December 2015 9,000