Abbreviated Company Accounts - LBM LAW LIMITED

Abbreviated Company Accounts - LBM LAW LIMITED


Registered Number 07220715

LBM LAW LIMITED

Abbreviated Accounts

31 March 2015

LBM LAW LIMITED Registered Number 07220715

Abbreviated Balance Sheet as at 31 March 2015

Notes 31/03/2015 30/09/2014
£ £
Fixed assets
Tangible assets 2 17,046 21,262
17,046 21,262
Current assets
Stocks 11,061 21,061
Debtors - 9,507
Cash at bank and in hand 32,444 28,040
43,505 58,608
Creditors: amounts falling due within one year (53,593) (56,825)
Net current assets (liabilities) (10,088) 1,783
Total assets less current liabilities 6,958 23,045
Provisions for liabilities (4,217) (3,548)
Total net assets (liabilities) 2,741 19,497
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 2,641 19,397
Shareholders' funds 2,741 19,497
  • For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 December 2016

And signed on their behalf by:
Jay Morjaria, Director

LBM LAW LIMITED Registered Number 07220715

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment 25% Reducing Balance Method

2Tangible fixed assets
£
Cost
At 1 October 2014 32,520
Additions 1,465
Disposals -
Revaluations -
Transfers -
At 31 March 2015 33,985
Depreciation
At 1 October 2014 11,258
Charge for the year 5,681
On disposals -
At 31 March 2015 16,939
Net book values
At 31 March 2015 17,046
At 30 September 2014 21,262
3Called Up Share Capital
Allotted, called up and fully paid:
31/03/2015
£
30/09/2014
£
100 Ordinary shares of £1 each 100 100