Lancroft Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05942387 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

FOR

Lancroft Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S O Wiltermood

Mrs D R Wiltermood

SECRETARY:

REGISTERED OFFICE:

21 Universal Marina

Crableck Lane Sarisbury Green

Southampton

Hampshire

SO31 7ZN

REGISTERED NUMBER:

05942387 (England and Wales)

ACCOUNTANTS:

Parry Hancock

Chartered Accountants

Webb House

20 Bridge Road

Park Gate

Southampton

Hampshire

SO31 7GE

FIXED ASSETS

Tangible assets

2

8,310

11,473

CURRENT ASSETS

Debtors

62,298

61,042

Cash at bank

57,429

56,811

119,727

117,853

CREDITORS

Amounts falling due within one year

88,199

61,460

NET CURRENT ASSETS

31,528

56,393

TOTAL ASSETS LESS CURRENT
LIABILITIES

39,838

67,866

CREDITORS

Amounts falling due after more than one
year

(6,646

)

(9,625

)

PROVISIONS FOR LIABILITIES

(1,580

)

(2,200

)

NET ASSETS

31,612

56,041

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

31,610

56,039

SHAREHOLDERS' FUNDS

31,612

56,041

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 15 June 2016 and were signed on its behalf by:

S O Wiltermood - 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 goods, 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

-

25% 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 March 2015

18,830

Additions

883

At 29 February 2016

19,713

DEPRECIATION

At 1 March 2015

7,357

Charge for year

4,046

At 29 February 2016

11,403

NET BOOK VALUE

At 29 February 2016

8,310

At 28 February 2015

11,473

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

2

Ordinary

£1

2