Lse Design IP Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07074336 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Lse Design IP Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

A C Green

REGISTERED OFFICE:

25 Canonbury Road

London

N1 2AS

REGISTERED NUMBER:

07074336 (England and Wales)

ACCOUNTANTS:

Wesley Pemberton LLP

89 Vicars Moor Lane

Winchmore Hill

London

N21 1BL

CURRENT ASSETS

Stocks

66,258

Cash at bank and in hand

18

52

66,276

66,310

CREDITORS

Amounts falling due within one year

8,446

74,283

NET CURRENT ASSETS/(LIABILITIES)

57,830

(7,973

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,830

(7,973

)

CAPITAL AND RESERVES

Called up share capital

2

101

1

Share premium

66,167

-

Profit and loss account

(8,438

)

(7,974

)

SHAREHOLDERS' FUNDS

57,830

(7,973

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 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 31 August 2016 and were signed by:

A C Green - 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).

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

1

Ordinary

£1

1

9,995

Deferred

£0.01

100

-

101

1

9,995 Deferred shares of £0.01 each were allotted as fully paid at a premium of £6.62 per share during the year.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited

financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2015 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wesley Pemberton LLP

89 Vicars Moor Lane

Winchmore Hill

London

N21 1BL

31 August 2016