Abbreviated Company Accounts - LACERTA FINANCIAL SERVICES LIMITED

LACERTA FINANCIAL SERVICES LIMITED - Company Information

04698124 LACERTA FINANCIAL SERVICES LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04698124 2015-04-01 2016-03-31 04698124 2016-03-31 04698124 2015-03-31 04698124 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04698124 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 04698124

LACERTA FINANCIAL SERVICES LIMITED

Abbreviated Accounts

31 March 2016

LACERTA FINANCIAL SERVICES LIMITED Registered Number 04698124

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,610	1,445
		1,610	1,445
Current assets
Debtors		48,000	-
Cash at bank and in hand		332,242	373,550
		380,242	373,550
Creditors: amounts falling due within one year		(30,694)	(36,707)
Net current assets (liabilities)		349,548	336,843
Total assets less current liabilities		351,158	338,288
Total net assets (liabilities)		351,158	338,288
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		351,157	338,287
Shareholders' funds		351,158	338,288

For the year ending 31 March 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 25 October 2016

And signed on their behalf by:
Mr Mohit Bhatia, Director

LACERTA FINANCIAL SERVICES LIMITED Registered Number 04698124

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% Reducing balance

Other accounting policies
The company is controlled by Mr Mohit Bhatia, the company's Managing Director, it is confirmed that Directors current account is debited with personal transactions and credited with Directors
Remuneration as well as Dividends.

2Tangible fixed assets

	£
Cost
At 1 April 2015	7,259
Additions	701
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	7,960
Depreciation
At 1 April 2015	5,814
Charge for the year	536
On disposals	-
At 31 March 2016	6,350
Net book values
At 31 March 2016	1,610
At 31 March 2015	1,445

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1