Abbreviated Company Accounts - LIONS METALWORKS LTD

Abbreviated Company Accounts - LIONS METALWORKS LTD

LIONS METALWORKS LTD - Company Information

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Registered Number 07873041

LIONS METALWORKS LTD

Abbreviated Accounts

15 September 2015

LIONS METALWORKS LTD Registered Number 07873041

Abbreviated Balance Sheet as at 15 September 2015

Notes 15/09/2015 31/12/2014
£ £
Fixed assets
Tangible assets 2 66,055 82,962
66,055 82,962
Current assets
Stocks 5,316 96,275
Debtors 144,335 94,779
Cash at bank and in hand 292 1,428
149,943 192,482
Prepayments and accrued income - 1,450
Creditors: amounts falling due within one year (323,163) (230,955)
Net current assets (liabilities) (173,220) (37,023)
Total assets less current liabilities (107,165) 45,939
Accruals and deferred income (2,160) (3,300)
Total net assets (liabilities) (109,325) 42,639
Capital and reserves
Called up share capital 100 100
Profit and loss account (109,425) 42,539
Shareholders' funds (109,325) 42,639
  • For the year ending 15 September 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 C. Aslan, Director

LIONS METALWORKS LTD Registered Number 07873041

Notes to the Abbreviated Accounts for the period ended 15 September 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
Plant & machinery, FFE - 20% reducing balance
Motor vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 January 2015 159,973
Additions -
Disposals -
Revaluations -
Transfers -
At 15 September 2015 159,973
Depreciation
At 1 January 2015 77,011
Charge for the year 16,907
On disposals -
At 15 September 2015 93,918
Net book values
At 15 September 2015 66,055
At 31 December 2014 82,962