Laleye Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08519532 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Laleye Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs R Shaw

SECRETARY:

REGISTERED OFFICE:

83 High Street

Thornton Heath

Surrey

CR7 8RY

REGISTERED NUMBER:

08519532 (England and Wales)

ACCOUNTANTS:

Harans & Co

Chartered Certified Accountants

324 Stafford Road

Croydon

Surrey

CR0 4NH

FIXED ASSETS

Tangible assets

2

96,508

113,538

CURRENT ASSETS

Stocks

2,520

2,470

Debtors

8,500

Prepayments and accrued income

4,250

Cash in hand

326

660

15,596

15,880

CREDITORS

Amounts falling due within one year

133,935

104,681

NET CURRENT LIABILITIES

(118,339

)

(88,801

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,831

)

24,737

CREDITORS

Amounts falling due after more than one year

56,310

72,595

NET LIABILITIES

(78,141

)

(47,858

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(78,241

)

(47,958

)

SHAREHOLDERS' FUNDS

(78,141

)

(47,858

)

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 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 29 December 2016 and were signed by:

Mrs R Shaw - 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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

15% 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

156,459

DEPRECIATION

At 1 April 2015

42,921

Charge for year

17,030

At 31 March 2016

59,951

NET BOOK VALUE

At 31 March 2016

96,508

At 31 March 2015

113,538

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary shares

£ 1.0

0

100