Abbreviated Company Accounts - LANCELOT JEWELS LTD

LANCELOT JEWELS LTD - Company Information

08153524 LANCELOT JEWELS LTD 2015-12-31 false 2015-01-01 2015-12-31 true 08153524 2015-01-01 2015-12-31 08153524 2015-12-31 08153524 2014-12-31 08153524 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 08153524 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 08153524

LANCELOT JEWELS LTD

Abbreviated Accounts

31 December 2015

LANCELOT JEWELS LTD Registered Number 08153524

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	-	250,000
Tangible assets	3	900	900
		900	250,900
Current assets
Stocks		250,000	275,000
Debtors		250,000	246,981
Cash at bank and in hand		30,516	78,993
		530,516	600,974
Creditors: amounts falling due within one year		(550,000)	(864,769)
Net current assets (liabilities)		(19,484)	(263,795)
Total assets less current liabilities		(18,584)	(12,895)
Total net assets (liabilities)		(18,584)	(12,895)
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		(18,585)	(12,896)
Shareholders' funds		(18,584)	(12,895)

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 their behalf by:
L Hagan, Director

LANCELOT JEWELS LTD Registered Number 08153524

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

2Intangible fixed assets

	£
Cost
At 1 January 2015	750,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	750,000
Amortisation
At 1 January 2015	500,000
Charge for the year	250,000
On disposals	-
At 31 December 2015	750,000
Net book values
At 31 December 2015	0
At 31 December 2014	250,000

3Tangible fixed assets

	£
Cost
At 1 January 2015	900
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	900
Depreciation
At 1 January 2015	-
Charge for the year	-
On disposals	-
At 31 December 2015	-
Net book values
At 31 December 2015	900
At 31 December 2014	900

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1