L. G. S. Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03428749 (England and Wales)

L. G. S. LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 5 APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D J Loveday

P S Green

SECRETARY:

D J Loveday

REGISTERED OFFICE:

Independence House

15 Burley Road

Oakham

Rutland

LE15 6DH

REGISTERED NUMBER:

03428749 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

CURRENT ASSETS

Debtors

2

13,806

18,032

Cash at bank

12,638

11,576

26,444

29,608

CREDITORS

Amounts falling due within one year

26,358

26,944

NET CURRENT ASSETS

86

2,664

TOTAL ASSETS LESS CURRENT LIABILITIES

86

2,664

CAPITAL AND RESERVES

Called up share capital

3

6

Profit and loss account

80

2,658

SHAREHOLDERS' FUNDS

86

2,664

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 26 July 2016 and were signed on its behalf by:

D J Loveday - Director

P S Green - 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2015 - £ 6 )

3.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2016

2015

value:

£

6

Share capital

£1

6

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2016 and 5 April 2015:

2016

2015

£

P S Green

Balance outstanding at start of year

-

Amounts advanced

1,250

-

Amounts repaid

-

Balance outstanding at end of year

1,250

-

D J Loveday

Balance outstanding at start of year

(79

)

(79

)

Amounts advanced

1,250

-

Amounts repaid

(9

)

-

Balance outstanding at end of year

1,162

(79

)