Abbreviated Company Accounts - LEVINGSTON-OWEN LIMITED

Abbreviated Company Accounts - LEVINGSTON-OWEN LIMITED

LEVINGSTON-OWEN LIMITED - Company Information

Print Friendly Version

Registered Number 07626074

LEVINGSTON-OWEN LIMITED

Abbreviated Accounts

31 May 2016

LEVINGSTON-OWEN LIMITED Registered Number 07626074

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,214 1,821
1,214 1,821
Current assets
Debtors 4,217 1,885
Cash at bank and in hand 2,150 20,230
6,367 22,115
Creditors: amounts falling due within one year (7,550) (5,567)
Net current assets (liabilities) (1,183) 16,548
Total assets less current liabilities 31 18,369
Total net assets (liabilities) 31 18,369
Capital and reserves
Called up share capital 3 1
Profit and loss account 28 18,368
Shareholders' funds 31 18,369
  • For the year ending 31 May 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 24 January 2017

And signed on their behalf by:
S LEVINGSTON, Director

LEVINGSTON-OWEN LIMITED Registered Number 07626074

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Equipment - 25%

2Tangible fixed assets
£
Cost
At 1 June 2015 2,428
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 2,428
Depreciation
At 1 June 2015 607
Charge for the year 607
On disposals -
At 31 May 2016 1,214
Net book values
At 31 May 2016 1,214
At 31 May 2015 1,821