Accounts filed on 31-03-2016

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			Company registration number:06371918
			LOUNGE LIZARD PUBLICATIONS LIMITED
			ABBREVIATED FINANCIAL STATEMENTS
			FOR THE YEAR ENDED 31 March 2016

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LOUNGE LIZARD PUBLICATIONS LIMITED
BALANCE SHEET
AS AT 31 March 2016
			2016				2015
		Notes	£		£		£		£
FIXED ASSETS
Tangible assets		2			651				766
					651				766
CURRENT ASSETS
Stocks			4,000				4,000
Debtors			4,631				16,858
Cash at bank and in hand			7,040				732
			15,671				21,590
CREDITORS
Amounts falling due within one year			(7,643)				(15,751)
NET CURRENT ASSETS					8,028				5,839
TOTAL ASSETS LESS
CURRENT LIABILITIES					8,679				6,605
NET ASSETS					8,679				6,605
CAPITAL AND RESERVES
Called-up equity share capital		3			12,200				12,200
Profit and loss account					(3,521)				(5,595)
SHAREHOLDERS FUNDS					8,679				6,605
For the year ending 31 March 2016 the company was entitled to exemption un 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts.
These financial statements have been prepared in accordance with the special provisions relating to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Approved by the board of directors on 23 December 2016 and signed on its behalf.
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C Lazenby
23 December 2016
The annexed notes form part of these financial statements.

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LOUNGE LIZARD PUBLICATIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

1.

Accounting policies

Basis of preparing the financial statements

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Statement of cashflow

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cashflow statement on the grounds that it is a small company.

Turnover

Turnover comprises the invoiced value of goods supplied by the company, net of Value Added Tax and trade discounts. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership pass to the buyer.

Fixed assets

Tangible fixed assets are stated at cost less depreciation Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Fixtures and fittings 25% reducing balance basis

Stocks and work In progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Tangible fixed assets
				Total
	Cost
	At start of period			1,655
	At end of period			1,655
	Depreciation
	At start of period			889
	Provided during the period			115
	At end of period			1,004
	Net Book Value
	At start of period			766
	At end of period			651

3.	Share capital				Allotted, issued and fully paid
					2016	2015
					£	£
	Ordinary shares of £1 each				12,200	12,200
	Total issued share capital				12,200	12,200
4.	Ultimate controlling party
	In the opinion of the Directors Mr C J S Lazenby who holds the controlling shares of Lounge Lizard Publications Limited and is therefore the company's