Living Leader Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 09084514 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

LIVING LEADER LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs E P Littmoden

Ms P M Ferguson

REGISTERED OFFICE:

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

REGISTERED NUMBER:

09084514 (England and Wales)

ACCOUNTANTS:

Jeff Lermer & Associates

Chartered Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

2

500,000

1,000,000

Tangible assets

3

2,757

1,040

502,757

1,001,040

CURRENT ASSETS

Debtors

183,367

833,721

Cash at bank

239,832

390,942

423,199

1,224,663

CREDITORS

Amounts falling due within one year

895,879

2,101,262

NET CURRENT LIABILITIES

(472,680

)

(876,599

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

30,077

124,441

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

29,977

124,341

SHAREHOLDERS' FUNDS

30,077

124,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 13 December 2016 and were
signed on its behalf by:

Ms P M Ferguson - 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 services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of three years.

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 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

1,500,000

AMORTISATION

At 1 April 2015

500,000

Amortisation for year

500,000

At 31 March 2016

1,000,000

NET BOOK VALUE

At 31 March 2016

500,000

At 31 March 2015

1,000,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

1,560

Additions

3,095

At 31 March 2016

4,655

DEPRECIATION

At 1 April 2015

520

Charge for year

1,378

At 31 March 2016

1,898

NET BOOK VALUE

At 31 March 2016

2,757

At 31 March 2015

1,040

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

96

A Ordinary

£1

96

1

B Ordinary

£1

1

C Ordinary

£1

1

D Ordinary

£1

1

E Ordinary

£1

1

100