D. Lucas & Sons Limited - Period Ending 2015-12-31

Registration number: 02982505

D. Lucas & Sons Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

D. Lucas & Sons Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

D. Lucas & Sons Limited
(Registration number: 02982505)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			14,244			16,048
Current assets
Debtors					242,875			205,950
Cash at bank and in hand					6,023			174,391
					248,898			380,341
Creditors: Amounts falling due within one year					(43,326)			(169,045)
Net current assets					205,572			211,296
Net assets					219,816			227,344
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					219,716			227,244
Shareholders' funds					219,816			227,344

For the year ending 31 December 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 director acknowledges his 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 director on 9 September 2016

.........................................
Mr DA Lucas
Director

The notes on pages 2 to 3 form an integral part of these financial statements.

Page 1

D. Lucas & Sons Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Fixtures, fittings and equipment	15% reducing balance
Motor vehicles	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

D. Lucas & Sons Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		101,434			101,434
Additions		2,440			2,440
At 31 December 2015		103,874			103,874
Depreciation
At 1 January 2015		85,386			85,386
Charge for the year		4,244			4,244
At 31 December 2015		89,630			89,630
Net book value
At 31 December 2015		14,244			14,244
At 31 December 2014		16,048			16,048

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		-			508

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3