L G Building & Design Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06213821 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 11 April 2015 to 30 April 2016

for

L G Building & Design Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

L A Gonzalez

SECRETARY:

Sole Associates Accountants Ltd

REGISTERED OFFICE:

3 Park Court

Pyrford Road

West Byfleet

Surrey

KT14 6SD

REGISTERED NUMBER:

06213821 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

20,000

Tangible assets

3

31,113

-

31,113

20,000

CURRENT ASSETS

Stocks

2,000

Debtors

61,214

17,895

Cash at bank

6,606

5,825

69,820

25,720

CREDITORS

Amounts falling due within one year

71,238

44,719

NET CURRENT LIABILITIES

(1,418

)

(18,999

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

29,695

1,001

CREDITORS

Amounts falling due after more than one
year

27,798

-

NET ASSETS

1,897

1,001

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

1,797

901

SHAREHOLDERS' FUNDS

1,897

1,001

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

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

The director acknowledges his 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 director on 27 January 2017 and were signed by:

L A Gonzalez - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 11 April 2015

and 30 April 2016

100,000

AMORTISATION

At 11 April 2015

80,000

Amortisation for period

20,000

At 30 April 2016

100,000

NET BOOK VALUE

At 30 April 2016

-

At 10 April 2015

20,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

33,879

At 30 April 2016

33,879

DEPRECIATION

Charge for period

2,766

At 30 April 2016

2,766

NET BOOK VALUE

At 30 April 2016

31,113

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/4/16

10/4/15

value:

£

100

Ordinary

£1

100