LEXUS INTERNATIONAL LIMITED

LEXUS INTERNATIONAL LIMITED

N.S.G. CAPITAL LIMITED - Company Information

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Company Registration No. 2884942 (England and Wales)
LEXUS INTERNATIONAL LIMITED Abbreviated unaudited accounts for the year ended 31 December 2015
LEXUS INTERNATIONAL LIMITED Abbreviated Balance Sheet as at 31 December 2015
2015 
2014 
Notes
£ 
£ 
Fixed assets
Tangible assets
2
431,427 
453,355 
Current assets
Stocks
128,190 
99,283 
Debtors
6,831 
11,536 
135,021 
110,819 
Creditors: amounts falling due within one year
(439,134)
(121,261)
Net current liabilities
(304,113)
(10,442)
Total assets less current liabilities
127,314 
442,913 
Creditors: amounts falling due after more than one year
- 
(300,201)
Net assets
127,314 
142,712 
Capital and reserves
Called up share capital
3
30,000 
30,000 
Profit and loss account
97,314 
112,712 
Total shareholders' funds
127,314 
142,712 
For the year ending 31 December 2015 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 19 September 2016
S S SOUTHI Director Company Registration No. 2884942
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LEXUS INTERNATIONAL LIMITED Notes to the Abbreviated Accounts for the year ended 31 December 2015
1
Accounting policies
Basis of preparation
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
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost
Plant & machinery
10% on the reducing balance
Motor vehicles
25% on the reducing balance
2
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost
At 1 January 2015
478,624 
214,108 
40,506 
733,238 
At 31 December 2015
478,624 
214,108 
40,506 
733,238 
Depreciation
At 1 January 2015
109,828 
155,564 
14,491 
279,883 
Charge for the year
9,571 
5,854 
6,503 
21,928 
At 31 December 2015
119,399 
161,418 
20,994 
301,811 
Net book value
At 31 December 2015
359,225 
52,690 
19,512 
431,427 
At 31 December 2014
368,796 
58,544 
26,015 
453,355 
3
Share capital
2015 
2014 
£ 
£ 
Allotted, called up and fully paid:
30,000 Ordinary shares of £1 each
30,000 
30,000 
4
Transactions with directors
There was a loan account balance due to the director SS Southi of £ 122779 (2014 £ 55081).
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