Lifeline Assist Limited - Period Ending 2015-12-31

Registration number: 07846073

Lifeline Assist Limited
 
  Annual Report and Unaudited Abbreviated Accounts
 
  for the Year Ended 31 December 2015
 

DRP + Co Accountants Limited
Upper Floor
6 St John's Court
Swansea Enterprise Park
Swansea
C & C Of Swansea
SA6 8QQ

Lifeline Assist Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Lifeline Assist Limited
(Registration number: 07846073)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					768			960
Current assets
Debtors					5,981			12,599
Cash at bank and in hand					1,311			12,018
					7,292			24,617
Creditors: Amounts falling due within one year					(278)			(4,558)
Net current assets					7,014			20,059
Total assets less current liabilities					7,782			21,019
Provisions for liabilities					(154)			(192)
Net assets					7,628			20,827
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					7,626			20,825
Shareholders' funds					7,628			20,827

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 directors acknowledge their 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 Board on 30 September 2016 and signed on its behalf by:

.........................................
Mr D E Madge
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Lifeline Assist Limited
(Registration number: 07846073)
Abbreviated Balance Sheet at 31 December 2015
......... continued

.........................................
Mr D L Watkins
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Lifeline Assist 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 amounts chargeable in respect of the sale of goods and services to customers.

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
Fixtures & fittings	20% reducing balance

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Lifeline Assist 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		1,500			1,500
At 31 December 2015		1,500			1,500
Depreciation
At 1 January 2015		540			540
Charge for the year		192			192
At 31 December 2015		732			732
Net book value
At 31 December 2015		768			768
At 31 December 2014		960			960

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2

Page 4