Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

ALLDAY LAMPS LIMITED - Company Information

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ALLDAY LAMPS LIMITED

Company Registration Number:
05441751 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

ALLDAY LAMPS LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 2 143,803 157,204
Tangible assets: 3 252,653 253,301
Total fixed assets: 396,456 410,505
Current assets
Stocks: 53,091 62,009
Debtors: 4 4,953 10,685
Cash at bank and in hand: 3,745 6,746
Total current assets: 61,789 79,440
Creditors: amounts falling due within one year: 5 ( 24,815 ) ( 31,192 )
Net current assets (liabilities): 36,974 48,248
Total assets less current liabilities: 433,430 458,753
Creditors: amounts falling due after more than one year: 6 ( 449,693 ) ( 452,429 )
Total net assets (liabilities): ( 16,263 ) 6,324

The notes form part of these financial statements

ALLDAY LAMPS LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 7 3 3
Profit and loss account: ( 16,266 ) 6,321
Shareholders funds: ( 16,263 ) 6,324

For the year ending 31 March 2016 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.

The financial statements were approved by the Board of Directors on 16 December 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Anup Shah
Status: Director

The notes form part of these financial statements

ALLDAY LAMPS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting 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 Standards for Smaller Entities (effective January 2007).

    Turnover policy

    Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Freehold Land & Buildings - 0%, Furniture & Fittings - 20% straight line, Office Equipment - 33.33% straight line.

    Intangible fixed assets amortisation policy

    Goodwill is amortized over the estimated economic life of 20 years which in the opinion of the Directors is reasonable.

    Valuation information and policy

    Stock is valued at the lower of cost and net realisable value.

    Other accounting policies

    Provision is made at current rates for taxation deferred in respect of all material timing differences.

ALLDAY LAMPS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Intangible assets

    Total
    Cost £
    01 April 2015: 268,008
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 268,008
    Amortisation
    01 April 2015: 110,804
    Provided during the period: 13,401
    On disposals: 0
    Other Adjustments: 0
    31 March 2016: 124,205
    Net book value
    31 March 2016: 143,803
    31 March 2015: 157,204

ALLDAY LAMPS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Tangible assets

    Total
    Cost £
    01 April 2015: 330,811
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 330,811
    Depreciation
    01 April 2015: 77,510
    Charge for year: 648
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 78,158
    Net book value
    31 March 2016: 252,653
    31 March 2015: 253,301

ALLDAY LAMPS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Debtors


    2016
    £
    2015
    £
    Trade debtors: 4,953 10,685
    Total: 4,953 10,685

ALLDAY LAMPS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 5. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Bank loans and overdrafts: 19,333 19,333
    Trade creditors: 3,561 9,735
    Taxation and social security: 998 1,634
    Other creditors: 923 490
    Total: 24,815 31,192

ALLDAY LAMPS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 6. Creditors: amounts falling due after more than one year


    2016
    £
    2015
    £
    Bank loans and overdrafts: 118,493 134,729
    Other creditors: 331,200 317,700
    Total: 449,693 452,429

ALLDAY LAMPS LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 3 1.00 3
    Preference shares: 0
    Total share capital (£): 3
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 3 1.00 3
    Preference shares: 0
    Total share capital (£): 3