David Lee Law Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07804768 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

David Lee Law Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D J Lee

REGISTERED OFFICE:

Station House

12 Station Road

Kenilworth

Warwickshire

CV8 1JJ

REGISTERED NUMBER:

07804768 (England and Wales)

ACCOUNTANTS:

Price Deacon Witham Ltd

Chartered Accountants

Millar Court

43 Station Road

Kenilworth

Warwickshire

CV8 1JD

FIXED ASSETS

Tangible assets

2

1,161

1,512

CURRENT ASSETS

Stocks

6,966

8,705

Debtors

26,320

13,281

33,286

21,986

CREDITORS

Amounts falling due within one year

33,345

21,791

NET CURRENT (LIABILITIES)/ASSETS

(59

)

195

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,102

1,707

PROVISIONS FOR LIABILITIES

232

303

NET ASSETS

870

1,404

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

868

1,402

SHAREHOLDERS' FUNDS

870

1,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 5 August 2016 and were signed by:

D J Lee - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents fees earned in the period excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

3,726

Additions

1,255

Disposals

(1,075

)

At 31 March 2016

3,906

DEPRECIATION

At 1 April 2015

2,214

Charge for year

1,248

Eliminated on disposal

(717

)

At 31 March 2016

2,745

NET BOOK VALUE

At 31 March 2016

1,161

At 31 March 2015

1,512

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

1

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director received a dividend of £12,000 (2015: £2,400). There was a balance due to the

director at the year end of £7,378 (£3,236).