Abbreviated Company Accounts - LEMAC AUTOS LTD

08601218 LEMAC AUTOS LTD 2016-07-31 false 2015-08-01 2016-07-31 true 08601218 2015-08-01 2016-07-31 08601218 2016-07-31 08601218 2015-07-31 08601218 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 08601218 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 iso4217:GBP shares

Registered Number 08601218

LEMAC AUTOS LTD

Abbreviated Accounts

31 July 2016

LEMAC AUTOS LTD Registered Number 08601218

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	19,251	20,353
		19,251	20,353
Current assets
Debtors		28,380	29,088
Cash at bank and in hand		2,922	4,392
		31,302	33,480
Creditors: amounts falling due within one year		(15,447)	(27,330)
Net current assets (liabilities)		15,855	6,150
Total assets less current liabilities		35,106	26,503
Creditors: amounts falling due after more than one year		(50,000)	(26,000)
Total net assets (liabilities)		(14,894)	503
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(14,994)	403
Shareholders' funds		(14,894)	503

For the year ending 31 July 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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.

Approved by the Board on 22 March 2017

And signed on their behalf by:
L S Mcall, Director

LEMAC AUTOS LTD Registered Number 08601218

Notes to the Abbreviated Accounts for the period ended 31 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible assets depreciation policy
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 50% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 August 2015	33,100
Additions	5,602
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	38,702
Depreciation
At 1 August 2015	12,747
Charge for the year	6,704
On disposals	-
At 31 July 2016	19,451
Net book values
At 31 July 2016	19,251
At 31 July 2015	20,353

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100