L J Domestics Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 04233770 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

L J DOMESTICS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs L J Petruzziello

REGISTERED OFFICE:

11 Thorpe Road

Peterborough

PE3 6AB

REGISTERED NUMBER:

04233770 (England and Wales)

ACCOUNTANTS:

Harvey Winning & Co

Accountants & Tax Advisors

11 Thorpe Road

Peterborough

PE3 6AB

FIXED ASSETS

Tangible assets

2

1,887

5,035

CURRENT ASSETS

Debtors

77,073

78,801

Cash at bank

139

308

77,212

79,109

CREDITORS

Amounts falling due within one year

83,251

83,423

NET CURRENT LIABILITIES

(6,039

)

(4,314

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,152

)

721

CAPITAL AND RESERVES

Called up share capital

3

2

4

Profit and loss account

(4,154

)

717

SHAREHOLDERS' FUNDS

(4,152

)

721

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 27th December 2016 and were signed by:

Mrs L J Petruzziello - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of material timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

18,754

Disposals

(7,408

)

At 31st March 2016

11,346

DEPRECIATION

At 1st April 2015

13,719

Charge for year

630

Eliminated on disposal

(4,890

)

At 31st March 2016

9,459

NET BOOK VALUE

At 31st March 2016

1,887

At 31st March 2015

5,035

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

4