LATHAM_STRATEGIES_LIMITED - Accounts

LATHAM STRATEGIES LTD - Company Information

Print Friendly Version

Company Registration No. 06001037 (England and Wales)

LATHAM STRATEGIES LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

LATHAM STRATEGIES LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LATHAM STRATEGIES LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

732

1,427

Current assets

Debtors

10,422

45,189

Cash at bank and in hand

256,654

418,813

267,076

464,002

Creditors: amounts falling due within one year

(26,488)

(44,624)

Net current assets

240,588

419,378

Total assets less current liabilities

241,320

420,805

Capital and reserves

Called up share capital

100

Profit and loss account

241,220

420,705

Shareholders' funds

241,320

420,805

For the financial year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 1 September 2014

Sara Latham

Director

Company Registration No. 06001037

LATHAM STRATEGIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently.

1.3

Turnover

Turnover represents amounts receivable for services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Office equipment

33% straight line

Fixtures and fittings

25% straight line

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.6

Pension costs

The company operates a defined contribution scheme. Contributions payable are charged to the profit and loss account in the year to which they relate.

LATHAM STRATEGIES LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Fixed assets

Tangible assets

Cost

At 1 April 2013

14,091

Additions

343

At 31 March 2014

14,434

Depreciation

At 1 April 2013

12,663

Charge for the year

1,039

At 31 March 2014

13,702

Net book value

At 31 March 2014

732

At 31 March 2013

1,427

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100