Lesley, Stephen & Co. Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07355651 (England and Wales)

LESLEY, STEPHEN & CO. LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr I S Cummine

Mr H J Cummine

Mr A G Cummine

SECRETARY:

Mr H J Cummine

REGISTERED OFFICE:

The Media Centre

7 Northumberland Street

Huddersfield

West Yorkshire

HD1 1RL

REGISTERED NUMBER:

07355651 (England and Wales)

ACCOUNTANTS:

Sheards

Chartered Accountants

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

CURRENT ASSETS

Debtors

2

2,391,355

1,335,453

Cash at bank and in hand

76,078

68,369

2,467,433

1,403,822

CREDITORS

Amounts falling due within one year

3

(554,157

)

(693,022

)

NET CURRENT ASSETS

1,913,276

710,800

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,913,276

710,800

CREDITORS

Amounts falling due after more than one
year

3

(1,872,508

)

(678,119

)

NET ASSETS

40,768

32,681

CAPITAL AND RESERVES

Called up share capital

4

5

Profit and loss account

40,763

32,676

SHAREHOLDERS' FUNDS

40,768

32,681

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 27 March 2017 and were signed on its behalf by:

Mr H J Cummine - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Hire purchase and leasing commitments

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.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 1,882,810 (2015 - £ 1,020,114 )

3.

CREDITORS

Creditors include an amount of £ 986,122 (2015 - £ 672,186 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

5

Ordinary

£1

5