Abbreviated Company Accounts - LEWIS HARDING LIMITED
Abbreviated Company Accounts - LEWIS HARDING LIMITED
Registered Number 06387202
LEWIS HARDING LIMITED
Abbreviated Accounts
31 October 2015
LEWIS HARDING LIMITED Registered Number 06387202
Abbreviated Balance Sheet as at 31 October 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Creditors: amounts falling due after more than one year |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
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
And signed on their behalf by:
LEWIS HARDING LIMITED Registered Number 06387202
Notes to the Abbreviated Accounts for the period ended 31 October 2015
1Accounting Policies
Basis of measurement and preparation of accounts
The company has net liabilities at the balance sheet date of £1 5 2,333 (201 4 - £ 108,52 3 ) . The directors have invested funds to establish the company and develop the business. The directors expect the company to generate growing sales in the following accounting period and will continue to support the company's cash flow requirements until the company generates sufficient profits from its operations to restore its working capital to more effective levels. As a result the going concern basis of accounting has been adopted.
Turnover policy
Tangible assets depreciation policy
Plant and machinery 25% reducing balance
Fixtures, fittings & equipment 25% reducing balance
Other accounting policies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the average rate ruling throughout the year. All differences are taken to profit and loss account.
£ | |
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Cost | |
At 1 November 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2015 |
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Depreciation | |
At 1 November 2014 |
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Charge for the year |
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On disposals |
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At 31 October 2015 |
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Net book values | |
At 31 October 2015 | 3,532 |
At 31 October 2014 | 4,104 |