Abbreviated Company Accounts - LUCKYME ARTS LIMITED

LUCKYME ARTS LIMITED - Company Information

08759542 LUCKYME ARTS LIMITED 2015-11-30 false 2014-12-01 2015-11-30 true 08759542 2014-12-01 2015-11-30 08759542 2015-11-30 08759542 2014-11-30 08759542 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 08759542 uk-gaap-cd-bus:Director2 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-01 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-30 iso4217:GBP shares

Registered Number 08759542

LUCKYME ARTS LIMITED

Abbreviated Accounts

30 November 2015

LUCKYME ARTS LIMITED Registered Number 08759542

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,013	3,020
		2,013	3,020
Current assets
Debtors		112	-
Cash at bank and in hand		466	505
		578	505
Net current assets (liabilities)		578	505
Total assets less current liabilities		2,591	3,525
Creditors: amounts falling due after more than one year		(122)	(624)
Provisions for liabilities		(403)	(604)
Total net assets (liabilities)		2,066	2,297
Capital and reserves
Called up share capital	3	5	5
Profit and loss account		2,061	2,292
Shareholders' funds		2,066	2,297

For the year ending 30 November 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 24 August 2016

And signed on their behalf by:
p marsden, Director

LUCKYME ARTS LIMITED Registered Number 08759542

Notes to the Abbreviated Accounts for the period ended 30 November 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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% straight line
Motor vehicles 25% straight line

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

Leasing and hire purchase commitments
"Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term."

2Tangible fixed assets

	£
Cost
At 1 December 2014	4,027
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2015	4,027
Depreciation
At 1 December 2014	1,007
Charge for the year	1,007
On disposals	-
At 30 November 2015	2,014
Net book values
At 30 November 2015	2,013
At 30 November 2014	3,020

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
5 Ordinary shares of £1 each	5	5