Abbreviated Company Accounts - LCC PHOTON TECHNIK LIMITED

LCC PHOTON TECHNIK LIMITED - Company Information

03853912 LCC PHOTON TECHNIK LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 03853912 2014-11-01 2015-10-31 03853912 2015-10-31 03853912 2014-10-31 03853912 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 03853912 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 uk-gaap-cd-bus:Director3 2014-11-01 2015-10-31 uk-gaap-cd-bus:Director3 2015-10-31 uk-gaap-cd-bus:Director3 2014-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-01 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-10-31 iso4217:GBP shares

Registered Number 03853912

LCC PHOTON TECHNIK LIMITED

Abbreviated Accounts

31 October 2015

LCC PHOTON TECHNIK LIMITED Registered Number 03853912

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,970	6,840
		4,970	6,840
Current assets
Stocks		3,975	4,150
Debtors		51,728	66,439
		55,703	70,589
Creditors: amounts falling due within one year		(59,530)	(73,837)
Net current assets (liabilities)		(3,827)	(3,248)
Total assets less current liabilities		1,143	3,592
Total net assets (liabilities)		1,143	3,592
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		1,043	3,492
Shareholders' funds		1,143	3,592

For the year ending 31 October 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.

Approved by the Board on 9 June 2016

And signed on their behalf by:
L J RICKARD, Director

LCC PHOTON TECHNIK LIMITED Registered Number 03853912

Notes to the Abbreviated Accounts for the period ended 31 October 2015

1Accounting Policies

Turnover policy
Turnover represents the invoice value, net of Value Added Tax, of goods sold and services provided to customers.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write each asset down to its estimated residual value evenly over its expected useful life, as follows:

Computer equipment 25% on cost
Furniture, fixtures and equipment 25% on cost
Motor vehicles 25% on cost

Valuation information and policy
Stocks and work-in-progress are valued at the lower of cost and net realisable value after allowing for obsolete and slow-moving items.

Other accounting policies
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company’s accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

2Tangible fixed assets

	£
Cost
At 1 November 2014	10,547
Additions	1,024
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	11,571
Depreciation
At 1 November 2014	3,707
Charge for the year	2,894
On disposals	-
At 31 October 2015	6,601
Net book values
At 31 October 2015	4,970
At 31 October 2014	6,840

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	MR L J RICKARD
Description of the transaction:	DIRECTOR'S CURRENT ACCOUNT
Balance at 1 November 2014:	£ 44,214
Advances or credits made:	£ 17,205
Advances or credits repaid:	£ 28,668
Balance at 31 October 2015:	£ 32,751

The director has personally guaranteed the company’s overdraft.