Liquidated Asset Management Ltd - Limited company accounts 11.9
Liquidated Asset Management Ltd - Limited company accounts 11.9
| REGISTERED NUMBER: |
| Report of the Director and |
| Unaudited Financial Statements for the Year Ended 30 September 2015 |
| for |
| Liquidated Asset Management Ltd |
| Liquidated Asset Management Ltd (Registered number: 06026024) |
| Contents of the Financial Statements |
| for the Year Ended 30 September 2015 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| Liquidated Asset Management Ltd |
| Company Information |
| for the Year Ended 30 September 2015 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Liquidated Asset Management Ltd (Registered number: 06026024) |
| Report of the Director |
| for the Year Ended 30 September 2015 |
| The director presents his report with the financial statements of the company for the year ended 30 September 2015. |
| DIRECTOR |
| This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating |
| to small companies. |
| ON BEHALF OF THE BOARD: |
| Liquidated Asset Management Ltd (Registered number: 06026024) |
| Profit and Loss Account |
| for the Year Ended 30 September 2015 |
| 30.9.15 | 30.9.14 |
| Notes | £ | £ | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Distribution costs |
| Administrative expenses |
| 303,524 | 410,938 |
| OPERATING PROFIT | 2 |
| Interest payable and similar charges |
| PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION |
| Tax on profit on ordinary activities | 3 |
| PROFIT FOR THE FINANCIAL YEAR |
| Liquidated Asset Management Ltd (Registered number: 06026024) |
| Balance Sheet |
| 30 September 2015 |
| 30.9.15 | 30.9.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Profit and loss account | 11 |
| SHAREHOLDERS' FUNDS |
| 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. |
| Liquidated Asset Management Ltd (Registered number: 06026024) |
| Balance Sheet - continued |
| 30 September 2015 |
| The financial statements were approved by the director on |
| Liquidated Asset Management Ltd (Registered number: 06026024) |
| Notes to the Financial Statements |
| for the Year Ended 30 September 2015 |
| 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 April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| 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. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Depreciation - owned assets |
| Director's remuneration and other benefits etc |
| 3. | TAXATION |
| Analysis of the tax charge |
| The tax charge on the profit on ordinary activities for the year was as follows: |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Current tax: |
| UK corporation tax |
| Deferred tax |
| Tax on profit on ordinary activities |
| Liquidated Asset Management Ltd (Registered number: 06026024) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2015 |
| 4. | DIVIDENDS |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Ordinary shares of £1 each |
| Final | 12,000 | 29,000 |
| Interim | 52,000 | - |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 October 2014 |
| Additions |
| At 30 September 2015 |
| DEPRECIATION |
| At 1 October 2014 |
| Charge for year |
| At 30 September 2015 |
| NET BOOK VALUE |
| At 30 September 2015 |
| At 30 September 2014 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Trade debtors | 114,427 | 112,625 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors | ( |
) |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Hire purchase contracts |
| Liquidated Asset Management Ltd (Registered number: 06026024) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 September 2015 |
| 9. | PROVISIONS FOR LIABILITIES |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances |
| Deferred tax |
| Deferred |
| tax |
| £ |
| Balance at 1 October 2014 |
| Deferred Taxation |
| Balance at 30 September 2015 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.9.15 | 30.9.14 |
| value: | £ | £ |
| Ordinary | £1 |
| 11. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 October 2014 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 September 2015 |
| 12. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2015 and |
| 30 September 2014: |
| 30.9.15 | 30.9.14 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| During the year the director made an unsecured, interest free loan to the company in the sum of £7,108. |