Abbreviated Company Accounts - JAMES LIPMAN LTD

06009076 JAMES LIPMAN LTD 2015-11-30 false 2014-12-01 2015-11-30 true 06009076 2014-12-01 2015-11-30 06009076 2015-11-30 06009076 2014-11-30 06009076 uk-gaap-cd-bus:Director1 2014-12-01 2015-11-30 06009076 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 06009076

JAMES LIPMAN LTD

Abbreviated Accounts

30 November 2015

JAMES LIPMAN LTD Registered Number 06009076

Abbreviated Balance Sheet as at 30 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	42,362	40,481
		42,362	40,481
Current assets
Debtors		51,003	57,509
Cash at bank and in hand		98,040	90,803
		149,043	148,312
Creditors: amounts falling due within one year		(38,506)	(41,821)
Net current assets (liabilities)		110,537	106,491
Total assets less current liabilities		152,899	146,972
Total net assets (liabilities)		152,899	146,972
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		152,898	146,971
Shareholders' funds		152,899	146,972

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 19 August 2016

And signed on their behalf by:
J Lipman, Director

JAMES LIPMAN LTD Registered Number 06009076

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 is provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and Machinery 25% Reducing balance basis
Motor Vehicles 25% Reducing balance basis

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

2Tangible fixed assets

	£
Cost
At 1 December 2014	85,890
Additions	33,108
Disposals	(28,248)
Revaluations	-
Transfers	-
At 30 November 2015	90,750
Depreciation
At 1 December 2014	45,409
Charge for the year	12,461
On disposals	(9,482)
At 30 November 2015	48,388
Net book values
At 30 November 2015	42,362
At 30 November 2014	40,481

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

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