Abbreviated Company Accounts - LEGEND REMOVALS LTD

LEGEND REMOVALS LTD - Company Information

Registered Number 07491704

LEGEND REMOVALS LTD

Abbreviated Accounts

31 January 2016

LEGEND REMOVALS LTD Registered Number 07491704

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	26,017	31,768
		26,017	31,768
Current assets
Stocks		2,707	2,707
Debtors		3,934	3,372
Cash at bank and in hand		6,190	3,464
		12,831	9,543
Creditors: amounts falling due within one year		(16,930)	(18,647)
Net current assets (liabilities)		(4,099)	(9,104)
Total assets less current liabilities		21,918	22,664
Creditors: amounts falling due after more than one year		(32,339)	(34,894)
Total net assets (liabilities)		(10,421)	(12,230)
Capital and reserves
Called up share capital		1,000	1,000
Profit and loss account		(11,421)	(13,230)
Shareholders' funds		(10,421)	(12,230)

For the year ending 31 January 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 17 March 2016

And signed on their behalf by:
Mr Ilja Kricevcovs, Director
Mrs Jelena Lukasuka, Director

LEGEND REMOVALS LTD Registered Number 07491704

Notes to the Abbreviated Accounts for the period ended 31 January 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 net invoiced sales of goods or services falling within the company's ordinary activities, excluding value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates, calculated in order to write off the cost less residual value of each asset over its expected useful live, as follows:
Plant and machinery - 25% on reduced balance basis,
Office Equipment - 25% on reduced balance basis
Motor vehicles - 20% on reduced balance method.

2Tangible fixed assets

	£
Cost
At 1 February 2015	38,024
Additions	690
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	38,714
Depreciation
At 1 February 2015	6,256
Charge for the year	6,441
On disposals	-
At 31 January 2016	12,697
Net book values
At 31 January 2016	26,017
At 31 January 2015	31,768

Depreciation has been provided at the following rates, calculated in order to write off the cost less residual value of each asset over its expected useful live, as follows:
Plant and machinery - 25% on reduced balance basis,
Office Equipment - 25% on reduced balance basis
Motor vehicles - 20% on reduced balance method.