Abbreviated Company Accounts - LUCID (THE CLEARER GROUP) LIMITED

Abbreviated Company Accounts - LUCID (THE CLEARER GROUP) LIMITED

LUCID (THE CLEARER GROUP) LIMITED - Company Information

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Registered Number 07267764

LUCID (THE CLEARER GROUP) LIMITED

Abbreviated Accounts

31 March 2016

LUCID (THE CLEARER GROUP) LIMITED Registered Number 07267764

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 4,160 8,320
Tangible assets 3 4,238 3,441
8,398 11,761
Current assets
Debtors 9,364 8,306
Cash at bank and in hand 35,159 53,919
44,523 62,225
Creditors: amounts falling due within one year (46,260) (65,268)
Net current assets (liabilities) (1,737) (3,043)
Total assets less current liabilities 6,661 8,718
Total net assets (liabilities) 6,661 8,718
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,561 8,618
Shareholders' funds 6,661 8,718
  • For the year ending 31 March 2016 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 12 July 2016

And signed on their behalf by:
J Langford-Brown, Director

LUCID (THE CLEARER GROUP) LIMITED Registered Number 07267764

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful life as follows:

Office equipment - 25% straight line
Fixtures & fittings - 25% straight line

Intangible assets amortisation policy
Goodwill is being written off in equal instalments over its estimated economic life.

2Intangible fixed assets
£
Cost
At 1 April 2015 20,800
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 20,800
Amortisation
At 1 April 2015 12,480
Charge for the year 4,160
On disposals -
At 31 March 2016 16,640
Net book values
At 31 March 2016 4,160
At 31 March 2015 8,320
3Tangible fixed assets
£
Cost
At 1 April 2015 4,993
Additions 2,800
Disposals (1,178)
Revaluations -
Transfers -
At 31 March 2016 6,615
Depreciation
At 1 April 2015 1,552
Charge for the year 1,629
On disposals (804)
At 31 March 2016 2,377
Net book values
At 31 March 2016 4,238
At 31 March 2015 3,441