Liverpoolpc Ltd - Period Ending 2015-11-30

Registration number: 02309888

Liverpoolpc Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015
 

Stubbs Parkin Limited
Chartered Accountants
55 Hoghton Street
Southport
Merseyside
PR9 0PG

Liverpoolpc Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Liverpoolpc Ltd
(Registration number: 02309888)
Abbreviated Balance Sheet at 30 November 2015

		Note			2015 £						2014 £
	£			£			£			£
Fixed assets
Tangible fixed assets								15,205						17,887
Current assets
Stocks					1,810						2,328
Debtors					4,737						5,532
Investments					-						50,000
Cash at bank and in hand					584						-
					7,131						57,860
Creditors: Amounts falling due within one year					(29,890)						(32,626)
Net current (liabilities)/assets								(22,759)						25,234
Net (liabilities)/assets								(7,554)						43,121
Capital and reserves
Called up share capital		3			55,000						55,000
Profit and loss account					(62,554)						(11,879)
Shareholders' (deficit)/funds								(7,554)						43,121

For the year ending 30 November 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 director acknowledges her 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 director on 29 June 2016

.........................................
D Howells
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Liverpoolpc Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and equipment	15% reducing balance basis
Motor vehicles	25% reducing balance basis

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2014		34,950			34,950
At 30 November 2015		34,950			34,950
Depreciation
At 1 December 2014		17,063			17,063
Charge for the year		2,682			2,682
At 30 November 2015		19,745			19,745
Net book value
At 30 November 2015		15,205			15,205
At 30 November 2014		17,887			17,887

Page 2

Liverpoolpc Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		55,000			55,000			55,000			55,000

Page 3