Accounts filed on 31-05-2016

Accounts filed on 31-05-2016

LIBRANCE LIMITED - Company Information

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LIBRANCE LIMITED

Company Registration Number:
04777027 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 June 2015

End date: 31 May 2016

LIBRANCE LIMITED

Abbreviated Balance sheet

As at 31 May 2016


Notes
2016
£
2015
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 2 3,242 80,187
Total fixed assets: 3,242 80,187
Current assets
Stocks: 35,454 49,709
Debtors: 728 1,786
Cash at bank and in hand: 0 0
Total current assets: 36,182 51,495
Creditors: amounts falling due within one year: ( 80,424 ) ( 95,639 )
Net current assets (liabilities): ( 44,242 ) ( 44,144 )
Total assets less current liabilities: ( 41,000 ) 36,043
Creditors: amounts falling due after more than one year: ( 408,500 ) ( 373,000 )
Provision for liabilities: 0 0
Total net assets (liabilities): ( 449,500 ) ( 336,957 )

The notes form part of these financial statements

LIBRANCE LIMITED

Balance sheet continued

As at 31 May 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 3 20 20
Revaluation reserve: 0 0
Profit and loss account: ( 449,520 ) ( 336,977 )
Shareholders funds: ( 449,500 ) ( 336,957 )

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 and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 23 February 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Roger Keith Pedley
Status: Director

The notes form part of these financial statements

LIBRANCE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2016

  • 1. Accounting 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 2015.

    Turnover policy

    Turnover represents the value of goods sold, excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided 5% and 25% straight line in order to write off assets over their estimated useful lives.

    Valuation information and policy

    Stock is valued at the lower of cost and net realisable value, after making due allowance for slow moving items.

LIBRANCE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2016

  • 2. Tangible assets

    Total
    Cost £
    01 June 2015: 146,556
    Additions: 1,108
    Disposals: ( 138,299 )
    Revaluations: 0
    Transfers: 0
    31 May 2016: 9,365
    Depreciation
    01 June 2015: 66,369
    Charge for year: 6,904
    On disposals: ( 67,150 )
    Other adjustments: 0
    31 May 2016: 6,123
    Net book value
    31 May 2016: 3,242
    31 May 2015: 80,187

LIBRANCE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 May 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 20 1.00 20
    Preference shares: 0 0.00 0
    Total share capital (£): 20
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 20 1.00 20
    Preference shares: 0 0.00 0
    Total share capital (£): 20