LOOK_LOCAL_PUBLICATIONS_L - Accounts

LOOK LOCAL PUBLICATIONS LIMITED - Company Information

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Company Registration No. 04392758 (England and Wales)

LOOK LOCAL PUBLICATIONS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

LOOK LOCAL PUBLICATIONS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

LOOK LOCAL PUBLICATIONS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

29,392

36,718

Tangible assets

46,568

62,444

75,960

99,162

Current assets

Debtors

10,582

10,816

Cash at bank and in hand

93,800

64,761

104,382

75,577

Creditors: amounts falling due within one year

(68,243)

(83,289)

Net current assets/(liabilities)

36,139

(7,712)

Total assets less current liabilities

112,099

91,450

Creditors: amounts falling due after more than one year

(12,118)

Provisions for liabilities

(7,508)

(8,996)

92,473

82,454

Capital and reserves

Called up share capital

100

Profit and loss account

92,373

82,354

Shareholders' funds

92,473

82,454

LOOK LOCAL PUBLICATIONS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 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 25 July 2016

Mr M W Shaw

Director

Company Registration No. 04392758

LOOK LOCAL PUBLICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

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 January 2015).

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Land and buildings Leasehold

20% straight line

Plant and machinery

20% Reducing balance

Computer equipment

33% Straight line

Fixtures, fittings & equipment

15% Reducing balance

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

110,000

194,009

304,009

Additions

1,485

At 31 March 2016

110,000

195,494

305,494

Depreciation

At 1 April 2015

73,282

131,565

204,847

Charge for the year

7,326

17,361

24,687

At 31 March 2016

80,608

148,926

229,534

Net book value

At 31 March 2016

29,392

46,568

75,960

At 31 March 2015

36,718

62,444

99,162

LOOK LOCAL PUBLICATIONS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100