Abbreviated Company Accounts - LAURA DESMOND LONDON LTD

LAURA DESMOND LONDON LTD - Company Information

Registered Number 07560234

LAURA DESMOND LONDON LTD

Abbreviated Accounts

31 March 2016

LAURA DESMOND LONDON LTD Registered Number 07560234

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	4,391
		-	4,391
Current assets
Debtors		3,549	3,845
Cash at bank and in hand		15,434	21,952
		18,983	25,797
Creditors: amounts falling due within one year		(13,545)	(20,390)
Net current assets (liabilities)		5,438	5,407
Total assets less current liabilities		5,438	9,798
Total net assets (liabilities)		5,438	9,798
Capital and reserves
Called up share capital		100	100
Profit and loss account		5,338	9,698
Shareholders' funds		5,438	9,798

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.

Approved by the Board on 15 December 2016

And signed on their behalf by:
Laura Desmond, Director

LAURA DESMOND LONDON LTD Registered Number 07560234

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
S/Term Leasehold Property - 4 years
Fixtures and fittings - 3 years
Office equipment - 3 years

Other accounting policies
Operating leases
Rentals under operating leases are charged to the Profit and loss account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the period until the date the rent is expected to be adjusted to the prevailing market rate.

2Tangible fixed assets

	£
Cost
At 1 April 2015	35,352
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	35,352
Depreciation
At 1 April 2015	30,961
Charge for the year	4,391
On disposals	-
At 31 March 2016	35,352
Net book values
At 31 March 2016	0
At 31 March 2015	4,391