LEDTEC_UK_LIMITED - Accounts

LEDTEC UK LIMITED - Company Information

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Company Registration No. 04550859 (England and Wales)

LEDTEC UK LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

LEDTEC UK LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

LEDTEC UK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

29 FEBRUARY 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

2,692

3,590

Tangible assets

649

865

3,341

4,455

Current assets

Stocks

559,705

316,021

Debtors

216,436

97,876

Cash at bank and in hand

35,071

17,885

811,212

431,782

Creditors: amounts falling due within one year

(712,587)

(363,538)

Net current assets

98,625

68,244

Total assets less current liabilities

101,966

72,699

Creditors: amounts falling due after more than one year

(21,389)

(44,723)

80,577

27,976

Capital and reserves

Called up share capital

100

Profit and loss account

80,477

27,876

Shareholders' funds

80,577

27,976

LEDTEC UK LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

29 FEBRUARY 2016

- 2 -

For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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 25 November 2016

Mr G Leonidou

Director

Company Registration No. 04550859

LEDTEC UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 3 -

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

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated at 25% per annum on a reducing balance basis.

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:

Fixtures, fittings & equipment

25% per annum on a reducing balance basis.

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.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 March 2015 & at 29 February 2016

30,791

6,778

37,569

Depreciation

At 1 March 2015

27,201

5,913

33,114

Charge for the year

898

216

1,114

At 29 February 2016

28,099

6,129

34,228

Net book value

At 29 February 2016

2,692

649

3,341

At 28 February 2015

3,590

865

4,455

Creditors: amounts falling due within one year

Included in creditors is an amount of £196,337 (2015 : £199,312) which is secured by a fixed and floating charge over the assets of the company.

LEDTEC UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 29 FEBRUARY 2016

- 4 -

Creditors: amounts falling due after more than one year

The other loan is secured by a fixed and floating charge over the assets of the company.

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100