Lifft (UK) Limited,Ltd - Accounts

Lifft (UK) Limited,Ltd - Accounts

LIFFT (UK) LIMITED - Company Information

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2013-02-01 true false Private Limited Company 06346796 2014-01-31 06346796 2013-02-01 2014-01-31 06346796 2013-01-31 06346796 2012-02-01 2013-01-31 06346796 uk-bus:Director1 2013-02-01 2014-01-31 06346796 uk-gaap:ComputerEquipment 2013-02-01 2014-01-31 06346796 uk-gaap:FixturesFittings 2013-02-01 2014-01-31 06346796 uk-bus:OrdinaryShareClass1 2014-01-31 iso4217:GBP
Lifft (UK) Limited
For the year ended 31 January 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 06346796
2
Contents Page
Lifft (UK) Limited
For the year ended 31 January 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Lifft (UK) Limited
Accountants' Report
For the year ended 31 January 2014
As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31
January 2014 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil
your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Bridgeman Accountants Ltd
23 Bridgeman Terrace
Wigan
WN1 1SX
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4
Abbreviated Balance Sheet
Lifft (UK) Limited
As at 31 January 2014
06346796
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
2,059
2,746
2,059
2,746
Current assets
Stocks
32,840
32,490
Debtors
150
-
Cash at bank and in hand
3
1,994
32,493
34,984
Creditors: amounts falling due within one year
(81,209)
(80,648)
(46,225)
(48,155)
Net current liabilities
Total assets less current liabilities
(46,096)
(43,479)
(46,096)
Net liabilities
(43,479)
Capital and reserves
Called up share capital
1,000
3
1,000
Profit and loss account
(47,096)
(44,479)
(46,096)
(43,479)
Shareholders funds
For the year ended 31 January 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 31 October 2014
Mrs S A Cook Director
Signed on behalf of the board of directors
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Notes to the Abbreviated Financial Statements
Lifft (UK) Limited
For the year ended 31 January 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment
25% Reducing balance
Fixtures and Fittings
25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
5,373
At 01 February 2013
At 31 January 2014
5,373
Depreciation
2,627
At 01 February 2013
687
Charge for year
3,314
At 31 January 2014
Net book values
At 31 January 2014
2,059
2,746
At 31 January 2013
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6
Notes to the Abbreviated Financial Statements
Lifft (UK) Limited
For the year ended 31 January 2014
3 Share capital
Allotted called up and fully paid
2014
2013
£
£
1,000 Ordinary shares of £1.00 each
1,000
1,000
1,000
1,000
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