Abbreviated Company Accounts - LPP DESIGN LIMITED

LPP DESIGN LIMITED - Company Information

Registered Number 05341972

LPP DESIGN LIMITED

Abbreviated Accounts

31 January 2016

LPP DESIGN LIMITED Registered Number 05341972

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	305,047	305,064
		305,047	305,064
Current assets
Debtors		7,646	11,646
		7,646	11,646
Creditors: amounts falling due within one year		(66,266)	(65,766)
Net current assets (liabilities)		(58,620)	(54,120)
Total assets less current liabilities		246,427	250,944
Total net assets (liabilities)		246,427	250,944
Capital and reserves
Called up share capital		100	100
Profit and loss account		246,327	250,844
Shareholders' funds		246,427	250,944

For the year ending 31 January 2016 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 9 October 2016

And signed on their behalf by:
C A PURNELL, Director

LPP DESIGN LIMITED Registered Number 05341972

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis
Office Equipment - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 February 2015	305,856
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	305,856
Depreciation
At 1 February 2015	792
Charge for the year	17
On disposals	-
At 31 January 2016	809
Net book values
At 31 January 2016	305,047
At 31 January 2015	305,064