L.G.R.R. Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04852052

Abbreviated Accounts for the Year Ended 31 July 2016

for

L.G.R.R. Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

V Martinelli

Mrs A M Martinelli

SECRETARY:

Mrs A M Martinelli

REGISTERED OFFICE:

107A Milton Road

Cambridge

Cambridgeshire

CB4 1XE

REGISTERED NUMBER:

04852052

ACCOUNTANTS:

Uttridge Accounting Ltd

Chartered Certified Accountants

36a Church Street

Willingham

Cambridgeshire

CB24 5HT

FIXED ASSETS

Tangible assets

2

19,383

18,249

CURRENT ASSETS

Stocks

1,200

1,300

Debtors

7,437

5,217

Cash at bank

51,635

107,344

60,272

113,861

CREDITORS

Amounts falling due within one year

15,691

17,449

NET CURRENT ASSETS

44,581

96,412

TOTAL ASSETS LESS CURRENT
LIABILITIES

63,964

114,661

PROVISIONS FOR LIABILITIES

2,086

1,764

NET ASSETS

61,878

112,897

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

61,874

112,893

SHAREHOLDERS' FUNDS

61,878

112,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 6 April 2017 and were signed on its behalf by:

V Martinelli - 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.

Equipment

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on 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.

Deferred tax

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

sheet date.

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

78,095

Additions

5,330

At 31 July 2016

83,425

DEPRECIATION

At 1 August 2015

59,846

Charge for year

4,196

At 31 July 2016

64,042

NET BOOK VALUE

At 31 July 2016

19,383

At 31 July 2015

18,249

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

4

Ordinary

£1

4