Lovett Nicholson Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08050722 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2016

FOR

LOVETT NICHOLSON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

P A R Skipper BSc (Hons) FCA

P J McKay BSc (Hons) ACA

REGISTERED OFFICE:

Bridge House

25 Fiddlebridge Lane

Hatfield

Hertfordshire

AL10 0SP

REGISTERED NUMBER:

08050722 (England and Wales)

ACCOUNTANTS:

Lovetts Chartered Accountants

Bridge House

25 Fiddlebridge Lane

Hatfield

Hertfordshire

AL10 0SP

FIXED ASSETS

Tangible assets

2

1

CURRENT ASSETS

Debtors

17,771

30,438

Cash at bank and in hand

3,465

1,015

21,236

31,453

CREDITORS

Amounts falling due within one year

19,704

31,096

NET CURRENT ASSETS

1,532

357

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,533

358

CAPITAL AND RESERVES

Called up share capital

3

11

Profit and loss account

1,522

347

SHAREHOLDERS' FUNDS

1,533

358

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 directors acknowledge their 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 Board of Directors on 30 March 2017 and were signed on its behalf by:

P J McKay BSc (Hons) ACA - Director

P A R Skipper BSc (Hons) FCA - 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 and services, 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.

Plant and machinery

-

33% on cost

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

and 30 June 2016

7,423

DEPRECIATION

At 1 July 2015

and 30 June 2016

7,422

NET BOOK VALUE

At 30 June 2016

1

At 30 June 2015

1

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

100

Ordinary

10p

9

1

Ordinary A

10p

1

Ordinary B

10p

1

11