Company Registration No. 01147149 (England and Wales)
LANGBOW LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
LANGBOW LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
LANGBOW LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
22,075
28,337
Current assets
Stocks
90,250
101,640
Debtors
58,775
50,170
Cash at bank and in hand
91,092
158,852
240,117
310,662
Creditors: amounts falling due within one year
(130,554)
(229,228)
Net current assets
109,563
81,434
Total assets less current liabilities
131,638
109,771
Creditors: amounts falling due after more than one year
-
(7,628)
131,638
102,143
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
131,538
102,043
Shareholders' funds
131,638
102,143
For the financial year ended 31 March 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 6 December 2016
Mr M S Smith
Director
Company Registration No. 01147149
LANGBOW LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
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 January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
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:
Plant and machinery
10% on cost
Fixtures, fittings & equipment
25% on reducing balance
Motor vehicles
25% on reducing balance
1.4
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.
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
518,290
Additions
991
At 31 March 2016
519,281
Depreciation
At 1 April 2015
489,953
Charge for the year
7,253
At 31 March 2016
497,206
Net book value
At 31 March 2016
22,075
At 31 March 2015
28,337
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
2016-03-312015-04-01falsetruetruetruetruetruetmpEB90.html2016-12-19011471492015-04-012016-03-31011471492016-03-31011471492015-03-31011471492015-03-3101147149uk-bus:Director22015-04-012016-03-3101147149uk-gaap:PlantMachinery2015-04-012016-03-3101147149uk-gaap:FixturesFittingsToolsEquipment2015-04-012016-03-3101147149uk-gaap:MotorVehicles2015-04-012016-03-3101147149uk-bus:OrdinaryShareClass12015-04-012016-03-3101147149uk-bus:OrdinaryShareClass12016-03-3101147149uk-bus:OrdinaryShareClass12015-03-31xbrli:purexbrli:sharesiso4217:GBP
