Lytton Enterprises Limited - Abbreviated accounts 16.1
Lytton Enterprises Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| LYTTON ENTERPRISES LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
| LYTTON ENTERPRISES LIMITED (REGISTERED NUMBER: 00972835) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
| Page |
| Company Information | 1 |
| Accountants' Report | 2 |
| Abbreviated Balance Sheet | 3 | to | 4 |
| Notes to the Abbreviated Accounts | 5 | to | 6 |
| LYTTON ENTERPRISES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| LYTTON ENTERPRISES LIMITED |
| The following reproduces the text of the report prepared for the directors in respect of the company's |
| annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages |
| three to six) have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
| approval the financial statements of Lytton Enterprises Limited for the year ended 29th February 2016 |
| which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's |
| accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Lytton Enterprises Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Lytton Enterprises Limited and state those matters that we have agreed to state to the Board of Directors of Lytton Enterprises Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Lytton Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Lytton Enterprises Limited. You consider that Lytton Enterprises Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Lytton Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 6th October 2016 |
| LYTTON ENTERPRISES LIMITED (REGISTERED NUMBER: 00972835) |
| ABBREVIATED BALANCE SHEET |
| 29TH FEBRUARY 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash in hand |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| Share premium |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| LYTTON ENTERPRISES LIMITED (REGISTERED NUMBER: 00972835) |
| ABBREVIATED BALANCE SHEET - continued |
| 29TH FEBRUARY 2016 |
| 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 financial statements were approved by the Board of Directors on signed on its behalf by: |
| LYTTON ENTERPRISES LIMITED (REGISTERED NUMBER: 00972835) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
| 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 the total invoice value, excluding value added tax, trade discounts and all other |
| taxes of sales made during the year. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| It is the policy of the company not to provide depreciation on the freehold property. The property is |
| maintained to a high standard and the directors consider that the life of the property is so long and |
| that the residual value is so great that depreciation is considered immaterial. |
| Where any permanent diminution of property value is incurred, a provision is made to the profit and |
| loss account. The directors' estimate of residual value is based on prices prevailing at the time of |
| acquisition or subsequent revaluation. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
| obsolete and slow moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
| at the balance sheet date. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
| over the period of the lease. |
| 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. |
| LYTTON ENTERPRISES LIMITED (REGISTERED NUMBER: 00972835) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 29TH FEBRUARY 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| Cost |
| At 1st March 2015 |
| Additions |
| At 29th February 2016 |
| Depreciation |
| At 1st March 2015 |
| Charge for year |
| At 29th February 2016 |
| Net book value |
| At 29th February 2016 |
| At 28th February 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |