Lawrenny Broadband - Abbreviated accounts 16.1

REGISTERED NUMBER: 07357858 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

Lawrenny Broadband

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs A J Lewis

A H F Lort-Phillips

SECRETARY:

Mrs A J Lewis

REGISTERED OFFICE:

The Diggins

Lawrenny

Kilgetty

Pembrokeshire

SA68 0PW

REGISTERED NUMBER:

07357858 (England and Wales)

ACCOUNTANT:

Lucy Jones Chartered Accountant

Stable Yard

Lawrenny

Kilgetty

Pembrokeshire

SA68 0PW

FIXED ASSETS

Tangible assets

2

4,176

6,479

CURRENT ASSETS

Cash at bank

939

642

CREDITORS

Amounts falling due within one year

2,493

5,783

NET CURRENT LIABILITIES

(1,554

)

(5,141

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,622

1,338

RESERVES

Other reserves

4,733

4,733

Income and expenditure account

(2,111

)

(3,395

)

2,622

1,338

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 surplus or deficit 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 Board of Directors on 16 September 2016 and were signed on its behalf by:

A H F Lort-Phillips - Director

Mrs A J Lewis - 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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the income and expenditure account on a straight line basis

over the period of the lease.

Grant income

Capital grants received in respect of the acquisition of fixed assets are credited to deferred capital grants in the

balance sheet and are released to the income and expenditure account over the useful economic life of the asset

for which the grant was awarded.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

15,361

DEPRECIATION

At 1 September 2015

8,882

Charge for year

2,303

At 31 August 2016

11,185

NET BOOK VALUE

At 31 August 2016

4,176

At 31 August 2015

6,479