Loan Company Essex Limited - Abbreviated accounts 16.1

LOAN COMPANY ESSEX LIMITED

Abbreviated Unaudited Accounts

For The Year Ended 28th February 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs A Juniper

S Juniper

SECRETARY:

Mrs A Juniper

REGISTERED OFFICE:

1 Nelson Street

Southend on Sea

Essex

SS1 1EG

REGISTERED NUMBER:

05038750 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,013

-

CURRENT ASSETS

Debtors

23,960

10,846

Cash at bank

79,353

174,904

103,313

185,750

CREDITORS

Amounts falling due within one year

57,984

138,156

NET CURRENT ASSETS

45,329

47,594

TOTAL ASSETS LESS CURRENT LIABILITIES

46,342

47,594

CAPITAL AND RESERVES

Called up share capital

3

198

198

Profit and loss account

46,144

47,396

SHAREHOLDERS' FUNDS

46,342

47,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th 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 30th June 2016 and were signed on its behalf by:

S Juniper - Director

Mrs A Juniper - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

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

-

Over 3 years

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 1st March 2015

3,905

Additions

1,520

At 28th February 2016

5,425

DEPRECIATION

At 1st March 2015

3,905

Charge for year

507

At 28th February 2016

4,412

NET BOOK VALUE

At 28th February 2016

1,013

At 28th February 2015

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

198

Ordinary

£1

198

198