LSR Loler Service Repair Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07167858 (England and Wales)

LSR LOLER SERVICE REPAIR LTD

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Randle

L D Claypole

REGISTERED OFFICE:

Units D11-D12

Shawfield Road

Carlton Industrial Estate

Barnsley

South Yorkshire

S71 3HS

REGISTERED NUMBER:

07167858 (England and Wales)

ACCOUNTANTS:

Cartwright & Co Ltd

Henry Morgan House

Industry Road

Carlton

Barnsley

South Yorkshire

S71 3PQ

FIXED ASSETS

Tangible assets

2

9,697

7,378

CURRENT ASSETS

Debtors

25,786

11,659

Cash at bank and in hand

126

7,317

25,912

18,976

CREDITORS

Amounts falling due within one year

30,470

20,564

NET CURRENT LIABILITIES

(4,558

)

(1,588

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,139

5,790

PROVISIONS FOR LIABILITIES

1,939

1,476

NET ASSETS

3,200

4,314

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

3,100

4,214

SHAREHOLDERS' FUNDS

3,200

4,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 21 November 2016 and were signed on its behalf
by:

L D Claypole - Director

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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

16,228

Additions

5,888

Disposals

(2,445

)

At 28 February 2016

19,671

DEPRECIATION

At 1 March 2015

8,850

Charge for year

2,989

Eliminated on disposal

(1,865

)

At 28 February 2016

9,974

NET BOOK VALUE

At 28 February 2016

9,697

At 28 February 2015

7,378

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100