Loosmore Services Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08514246 (England and Wales)

LOOSMORE SERVICES LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr S J Loosmore

Miss K E T Loosmore

REGISTERED OFFICE:

The Cedars

Bardney Road

Wragby

Market Rasen

Lincolnshire

LN8 5QZ

REGISTERED NUMBER:

08514246 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe

Chartered Certified Accountants

The Old Vicarage

Church Close

Boston

Lincolnshire

PE21 6NA

FIXED ASSETS

Tangible assets

2

599

949

CURRENT ASSETS

Cash at bank

382,122

243,487

CREDITORS

Amounts falling due within one year

59,235

65,024

NET CURRENT ASSETS

322,887

178,463

TOTAL ASSETS LESS CURRENT LIABILITIES

323,486

179,412

PROVISIONS FOR LIABILITIES

120

190

NET ASSETS

323,366

179,222

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

323,266

179,122

SHAREHOLDERS' FUNDS

323,366

179,222

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 17 January 2017 and were signed on its behalf by:

Dr S J Loosmore - 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 services, 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.

Computer equipment

-

Straight line over 4 years

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 May 2015

and 30 April 2016

1,399

DEPRECIATION

At 1 May 2015

450

Charge for year

350

At 30 April 2016

800

NET BOOK VALUE

At 30 April 2016

599

At 30 April 2015

949

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100