Lannis Peta Spiro Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04154950 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Lannis Peta Spiro Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

L Spiro

SECRETARY:

G Spiro

REGISTERED OFFICE:

293 Kenton Lane

Harrow

Middlesex

HA3 8RR

REGISTERED NUMBER:

04154950 (England and Wales)

ACCOUNTANTS:

RICHMAN & COMPANY

293 Kenton Lane

Harrow

Middlesex

HA3 8RR

FIXED ASSETS

Tangible assets

2

49,443

47,677

CURRENT ASSETS

Stocks

5,994

41,400

Cash at bank

-

6,721

5,994

48,121

CREDITORS

Amounts falling due within one year

52,309

64,349

NET CURRENT LIABILITIES

(46,315

)

(16,228

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,128

31,449

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

3,028

31,349

SHAREHOLDERS' FUNDS

3,128

31,449

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

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

The director acknowledges her 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 25 March 2017 and were signed by:

L Spiro - 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.

Tangible fixed assets

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

Improvements to property

-

not provided

Fixtures and fittings

-

20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

54,407

Additions

3,308

At 30 June 2016

57,715

DEPRECIATION

At 1 July 2015

6,730

Charge for year

1,542

At 30 June 2016

8,272

NET BOOK VALUE

At 30 June 2016

49,443

At 30 June 2015

47,677

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

100