Abbreviated Company Accounts - LOOKSUBMIT LIMITED

LOOKSUBMIT LIMITED - Company Information

02744232 LOOKSUBMIT LIMITED 2015-10-31 false 2014-11-01 2015-10-31 true 02744232 2014-11-01 2015-10-31 02744232 2015-10-31 02744232 2014-10-31 02744232 uk-gaap-cd-bus:Director1 2014-11-01 2015-10-31 02744232 uk-gaap-cd-bus:Director2 2014-11-01 2015-10-31 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 02744232

LOOKSUBMIT LIMITED

Abbreviated Accounts

31 October 2015

LOOKSUBMIT LIMITED Registered Number 02744232

Abbreviated Balance Sheet as at 31 October 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	335,268	335,907
		335,268	335,907
Current assets
Debtors		74	497
Cash at bank and in hand		56,465	45,972
		56,539	46,469
Creditors: amounts falling due within one year		(156,903)	(157,069)
Net current assets (liabilities)		(100,364)	(110,600)
Total assets less current liabilities		234,904	225,307
Provisions for liabilities		(452)	(487)
Total net assets (liabilities)		234,452	224,820
Capital and reserves
Called up share capital	3	12,024	12,024
Profit and loss account		222,428	212,796
Shareholders' funds		234,452	224,820

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 22 July 2016

And signed on their behalf by:
Mr J G Plummer, Director
B Robertson, Director

LOOKSUBMIT LIMITED Registered Number 02744232

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

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.

Tangible assets depreciation policy
All fixed assets are initially recorded at cost.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings - 10%

Other accounting policies
Deferred taxation
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Investment properties
Investment properties are included in the balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.

2Tangible fixed assets

	£
Cost
At 1 November 2014	341,943
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2015	341,943
Depreciation
At 1 November 2014	6,036
Charge for the year	639
On disposals	-
At 31 October 2015	6,675
Net book values
At 31 October 2015	335,268
At 31 October 2014	335,907

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

	2015 £	2014 £
12,024 Ordinary shares of £1 each	12,024	12,024