Lifestyle (Kent) Limited - Abbreviated accounts 16.1

Lifestyle (Kent) Limited - Abbreviated accounts 16.1

LIFESTYLE (KENT) LIMITED - Company Information

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REGISTERED NUMBER: 04825967 (England and Wales)












ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

FOR

LIFESTYLE (KENT) LIMITED

LIFESTYLE (KENT) LIMITED (REGISTERED NUMBER: 04825967)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

LIFESTYLE (KENT) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2016







DIRECTOR: I Emery





SECRETARY: A. I Emery





REGISTERED OFFICE: 8 Boughton Church Cottages
South Street
Boughton Under Blean
Faversham
Kent
ME13 9NB





REGISTERED NUMBER: 04825967 (England and Wales)
Page 1
LIFESTYLE (KENT) LIMITED (REGISTERED NUMBER: 04825967)

ABBREVIATED BALANCE SHEET
31 AUGUST 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 37,626 19,168

CURRENT ASSETS
Stocks 17,250 12,000
Debtors 95,805 77,259
Cash at bank 2,795 1,678
115,850 90,937
CREDITORS
Amounts falling due within one year 111,084 99,603
NET CURRENT ASSETS/(LIABILITIES) 4,766 (8,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
42,392
10,502

CREDITORS
Amounts falling due after more than one
year
(18,054
)
(3,909
)

PROVISIONS FOR LIABILITIES (7,457 ) (3,612 )
NET ASSETS 16,881 2,981

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 16,781 2,881
SHAREHOLDERS' FUNDS 16,881 2,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 notes form part of these abbreviated accounts

Page 2 continued...
LIFESTYLE (KENT) LIMITED (REGISTERED NUMBER: 04825967)

ABBREVIATED BALANCE SHEET - continued
31 AUGUST 2016


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 10 March 2017 and were signed by:





I Emery - Director


The notes form part of these abbreviated accounts

Page 3
LIFESTYLE (KENT) LIMITED (REGISTERED NUMBER: 04825967)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

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. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2015 53,185
Additions 31,190
At 31 August 2016 84,375
DEPRECIATION
At 1 September 2015 34,017
Charge for year 12,732
At 31 August 2016 46,749
NET BOOK VALUE
At 31 August 2016 37,626
At 31 August 2015 19,168

Page 4 continued...
LIFESTYLE (KENT) LIMITED (REGISTERED NUMBER: 04825967)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 AUGUST 2016

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1 100 100

4. ULTIMATE CONTROLLING PARTY

The controlling party is I Emery.


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