Abbreviated Company Accounts - LIGHTVALVE LIMITED

LIGHTVALVE LIMITED - Company Information

06783082 LIGHTVALVE LIMITED 2016-01-31 false 2015-02-01 2016-01-31 true 06783082 2015-02-01 2016-01-31 06783082 2016-01-31 06783082 2015-01-31 06783082 uk-gaap-cd-bus:Director1 2015-02-01 2016-01-31 06783082 uk-gaap-cd-bus:Director2 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-31 iso4217:GBP shares

Registered Number 06783082

LIGHTVALVE LIMITED

Abbreviated Accounts

31 January 2016

LIGHTVALVE LIMITED Registered Number 06783082

Abbreviated Balance Sheet as at 31 January 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	8,342	7,859
Tangible assets	3	3,929	4,252
		12,271	12,111
Current assets
Cash at bank and in hand		1,365	71
		1,365	71
Creditors: amounts falling due within one year		(56,964)	(41,018)
Net current assets (liabilities)		(55,599)	(40,947)
Total assets less current liabilities		(43,328)	(28,836)
Total net assets (liabilities)		(43,328)	(28,836)
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		(43,428)	(28,936)
Shareholders' funds		(43,328)	(28,836)

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 31 October 2016

And signed on their behalf by:
Mr Leo Wurm, Director

LIGHTVALVE LIMITED Registered Number 06783082

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 represents amounts invoiced for services to customers.

Tangible assets depreciation policy
Depreciation is provided on office equipment so as to write off the cost over its expected useful life at 25% on a reducing balance basis.

Intangible assets amortisation policy
Depreciation is provided on development costs so as to write off the cost over their expected useful life at 10% on a reducing balance basis.

2Intangible fixed assets

	£
Cost
At 1 February 2015	10,468
Additions	1,410
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	11,878
Amortisation
At 1 February 2015	2,609
Charge for the year	927
On disposals	-
At 31 January 2016	3,536
Net book values
At 31 January 2016	8,342
At 31 January 2015	7,859

3Tangible fixed assets

	£
Cost
At 1 February 2015	8,462
Additions	987
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2016	9,449
Depreciation
At 1 February 2015	4,210
Charge for the year	1,310
On disposals	-
At 31 January 2016	5,520
Net book values
At 31 January 2016	3,929
At 31 January 2015	4,252

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100