Lizzb Ltd - Abbreviated accounts 16.1

Lizzb Ltd - Abbreviated accounts 16.1

LIZZB LTD - Company Information

Print Friendly Version

09542976 15.4.15 30.4.16 30.4.16 Company accounts Private Limited Company FY true false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure095429762015-04-14095429762016-04-30095429762015-04-152016-04-30095429762015-04-1409542976ns12:England2015-04-152016-04-3009542976ns14:PoundSterling2015-04-152016-04-3009542976ns7:Director12015-04-152016-04-3009542976ns7:OrdinaryShareClass12015-04-152016-04-3009542976ns7:Director22015-04-152016-04-3009542976ns7:RegisteredOffice2015-04-152016-04-3009542976ns7:EntityAccountantsOrAuditors2015-04-152016-04-3009542976ns7:EntityBankers2015-04-152016-04-3009542976ns5:FixturesFittings2015-04-152016-04-3009542976ns5:ComputerEquipment2015-04-152016-04-3009542976ns7:OrdinaryShareClass12016-04-30
REGISTERED NUMBER: 09542976 (England and Wales)















Abbreviated Unaudited Accounts

for the Period 15 April 2015 to 30 April 2016

for

LIZZB LTD

LIZZB LTD (REGISTERED NUMBER: 09542976)

Contents of the Abbreviated Accounts
for the Period 15 April 2015 to 30 April 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

LIZZB LTD

Company Information
for the Period 15 April 2015 to 30 April 2016







DIRECTORS: Miss S D Saidi
Miss G N Saidi



REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ



REGISTERED NUMBER: 09542976 (England and Wales)



ACCOUNTANTS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: Barclays Bank PLC
George Street
Richmond
TW9 1JU
1
LIZZB LTD (REGISTERED NUMBER: 09542976)

Abbreviated Balance Sheet
30 April 2016

Notes £    £   
FIXED ASSETS
Tangible assets 2 632

CURRENT ASSETS
Stocks 3,439
Debtors 348
Cash at bank 2,011
5,798
CREDITORS
Amounts falling due within one year 9,569
NET CURRENT LIABILITIES (3,771 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(3,139
)

CAPITAL AND RESERVES
Called up share capital 3 2
Profit and loss account (3,141 )
SHAREHOLDERS' FUNDS (3,139 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 17 August 2016 and were signed on its behalf by:





Miss S D Saidi - Director


The notes form part of these abbreviated accounts

2
LIZZB LTD (REGISTERED NUMBER: 09542976)

Notes to the Abbreviated Accounts
for the Period 15 April 2015 to 30 April 2016


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 is accounted for as revenue when, and to the extent that, the company obtains a right to consideration
in exchange for its performance of its obligations under the sales contract with the customer. The amount
reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual
arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

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

Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 916
At 30 April 2016 916
DEPRECIATION
Charge for period 284
At 30 April 2016 284
NET BOOK VALUE
At 30 April 2016 632

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

4. BASIS OF PREPARATION

The financial statements have been prepared on a going concern basis, the applicability of which is dependent
upon the continued support of its creditors and financiers. At the balance sheet date the company had net
liabilities of £3,771 and a reported loss of £3,141.

In the opinion of the directors, the company has the support of its creditors and financiers for the foreseeable
future and it is therefore appropriate to adopt the going concern basis.

3