LUSHINGTON_LANDSCAPING_LI - Accounts

LUSHINGTON LANDSCAPING AND CONSTRUCTION LIMITED - Company Information

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Company Registration No. 07852743 (England and Wales)

LUSHINGTON LANDSCAPING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

LUSHINGTON LANDSCAPING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LUSHINGTON LANDSCAPING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

27,118

1,377

Current assets

Stocks

1,125

1,100

Debtors

5,130

3,265

Cash at bank and in hand

6,473

3,364

12,728

7,729

Creditors: amounts falling due within one year

(44,214)

(12,395)

Net current liabilities

(31,486)

(4,666)

Total assets less current liabilities

(4,368)

(3,289)

Provisions for liabilities

(3,125)

(7,493)

(3,289)

Capital and reserves

Called up share capital

Profit and loss account

(7,495)

(3,291)

Shareholders' funds

(7,493)

(3,289)

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 17 August 2016

Mrs D E Young

Director

Company Registration No. 07852743

LUSHINGTON LANDSCAPING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The directors expect the forthcoming year to reflect improved profitability and, on this basis, they consider it appropriate to prepare the financial statements on the going concern basis.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% on the reducing balance basis

Computer equipment

Straight line over three years

Fixtures, fittings & equipment

25% on the reducing balance basis

Motor vehicles

25% on the reducing balance basis

Fixed assets

Tangible assets

Cost

At 1 December 2014

4,897

Additions

34,862

At 30 November 2015

39,759

Depreciation

At 1 December 2014

3,520

Charge for the year

9,121

At 30 November 2015

12,641

Net book value

At 30 November 2015

27,118

At 30 November 2014

1,377

LUSHINGTON LANDSCAPING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2 ordinary shares of £1 each