Lighthouse Safety Training Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 05138380 (England and Wales)

Lighthouse Safety Training Limited

Abbreviated Unaudited Accounts for the Year Ended 31 May 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

R A Price

H S Collins

Mrs H J Price

REGISTERED OFFICE:

79 Chaffes Lane

Upchurch

Sittingbourne

Kent

ME9 7BG

REGISTERED NUMBER:

05138380 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co Limited

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Intangible assets

2

2,000

-

Tangible assets

3

204,797

193,078

206,797

193,078

CURRENT ASSETS

Debtors

153,889

142,004

Cash at bank and in hand

261,667

184,564

415,556

326,568

CREDITORS

Amounts falling due within one year

4

148,907

139,883

NET CURRENT ASSETS

266,649

186,685

TOTAL ASSETS LESS CURRENT
LIABILITIES

473,446

379,763

CREDITORS

Amounts falling due after more than one
year

4

(80,466

)

(93,652

)

PROVISIONS FOR LIABILITIES

(13,183

)

(9,998

)

NET ASSETS

379,797

276,113

CAPITAL AND RESERVES

Called up share capital

5

2,001

Profit and loss account

377,796

274,112

SHAREHOLDERS' FUNDS

379,797

276,113

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 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 Board of Directors on 14 September 2016 and were signed on its behalf
by:

R A Price - 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 services, excluding value added tax, except in respect of service

contracts where turnover os recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

4,000

At 31 May 2016

4,000

AMORTISATION

Amortisation for year

2,000

At 31 May 2016

2,000

NET BOOK VALUE

At 31 May 2016

2,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

225,804

Additions

22,731

At 31 May 2016

248,535

DEPRECIATION

At 1 June 2015

32,726

Charge for year

11,012

At 31 May 2016

43,738

NET BOOK VALUE

At 31 May 2016

204,797

At 31 May 2015

193,078

4.

CREDITORS

Creditors include an amount of £ 93,252 (2015 - £ 106,013 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

80,466

93,652

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1,000

Ordinary "A"

£1

1,000

Ordinary "B"

£1

1,000

1

Ordinary "C"

£1

1

2,001