Intalite Lancs Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01643918 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2016

for

INTALITE LANCS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S Forsyth

Mr M Forsyth

Mr D Forsyth

Mrs D Forsyth

SECRETARY:

Mr S Forsyth

REGISTERED OFFICE:

61, Clifton Street

Lytham

Lytham St Annes

Lancashire

FY8 5ER

REGISTERED NUMBER:

01643918 (England and Wales)

ACCOUNTANT:

LATHAM LEES LIMITED

Chartered Accountant

10, Park Street

Lytham

Lancashire

FY8 5LU

FIXED ASSETS

Intangible assets

2

28,000

42,000

Tangible assets

3

11,011

13,857

39,011

55,857

CURRENT ASSETS

Stocks

265,003

301,097

Cash at bank

73,502

56,546

338,505

357,643

CREDITORS

Amounts falling due within one year

69,880

77,142

NET CURRENT ASSETS

268,625

280,501

TOTAL ASSETS LESS CURRENT
LIABILITIES

307,636

336,358

CAPITAL AND RESERVES

Called up share capital

4

300

Profit and loss account

307,336

336,058

SHAREHOLDERS' FUNDS

307,636

336,358

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 15 November 2016 and were signed on
its behalf by:

Mr S Forsyth - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten 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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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

140,000

AMORTISATION

At 1 April 2015

98,000

Amortisation for year

14,000

At 31 March 2016

112,000

NET BOOK VALUE

At 31 March 2016

28,000

At 31 March 2015

42,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

54,927

DEPRECIATION

At 1 April 2015

41,070

Charge for year

2,846

At 31 March 2016

43,916

NET BOOK VALUE

At 31 March 2016

11,011

At 31 March 2015

13,857

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

300

Ordinary

£1

300