Luck Trading Limited - Abbreviated accounts 16.1

Luck Trading Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 06436747 (England and Wales)









ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

LUCK TRADING LIMITED

LUCK TRADING LIMITED (REGISTERED NUMBER: 06436747)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

LUCK TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2015







DIRECTORS: C P Tulk
Mrs Z G Tulk





SECRETARY: C P Tulk





REGISTERED OFFICE: Unit 5c Sigeric Business Park
Rotherwas
Hereford
Herefordshire
HR2 6BQ





REGISTERED NUMBER: 06436747 (England and Wales)





ACCOUNTANTS: DTBC Ltd
t/a Thompson & Co
Shiretown House
41-43 Broad Street
Hereford
Herefordshire
HR4 9AR

LUCK TRADING LIMITED (REGISTERED NUMBER: 06436747)

ABBREVIATED BALANCE SHEET
30 NOVEMBER 2015

30.11.15 30.11.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 54,225 42,032

CURRENT ASSETS
Stocks 43,215 49,345
Debtors 61,100 94,455
Cash at bank - 20,538
104,315 164,338
CREDITORS
Amounts falling due within one year 105,706 149,104
NET CURRENT (LIABILITIES)/ASSETS (1,391 ) 15,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,834

57,266

CREDITORS
Amounts falling due after more than one
year

(9,263

)

(3,014

)

PROVISIONS FOR LIABILITIES (10,845 ) (8,406 )
NET ASSETS 32,726 45,846

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 32,626 45,746
SHAREHOLDERS' FUNDS 32,726 45,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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.

LUCK TRADING LIMITED (REGISTERED NUMBER: 06436747)

ABBREVIATED BALANCE SHEET - continued
30 NOVEMBER 2015


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:





C P Tulk - Director


LUCK TRADING LIMITED (REGISTERED NUMBER: 06436747)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

LUCK TRADING LIMITED (REGISTERED NUMBER: 06436747)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2014 80,868
Additions 26,367
Disposals (1,073 )
At 30 November 2015 106,162
DEPRECIATION
At 1 December 2014 38,836
Charge for year 13,101
At 30 November 2015 51,937
NET BOOK VALUE
At 30 November 2015 54,225
At 30 November 2014 42,032

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.15 30.11.14
value: £    £   
100 Ordinary £1 100 100