Abbreviated Company Accounts - LOTUS HEALING CENTRE LIMITED

LOTUS HEALING CENTRE LIMITED - Company Information

02342871 LOTUS HEALING CENTRE LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 02342871 2015-08-01 2016-07-31 02342871 2016-07-31 02342871 2015-07-31 02342871 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 02342871 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 02342871

LOTUS HEALING CENTRE LIMITED

Abbreviated Accounts

31 July 2016

LOTUS HEALING CENTRE LIMITED Registered Number 02342871

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,093	755
		1,093	755
Current assets
Stocks		500	500
Debtors		5,334	10,067
Cash at bank and in hand		13,149	931
		18,983	11,498
Creditors: amounts falling due within one year		(11,254)	(11,476)
Net current assets (liabilities)		7,729	22
Total assets less current liabilities		8,822	777
Total net assets (liabilities)		8,822	777
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		8,820	775
Shareholders' funds		8,822	777

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 30 April 2017

And signed on their behalf by:
G S S Khalsa, Director

LOTUS HEALING CENTRE LIMITED Registered Number 02342871

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts 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 the invoiced value of sales of services provided during the year, consisting of a continuing class of business carried on wholly in the United Kingdom. The turnover is attributable to the company's main activities.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets on the reducing balance method, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and equipment - 25%

Valuation information and policy
Stocks:
Stocks have been valued by the director at the lower of cost and net realizable value.

Other accounting policies
Ultimate Controlling Party:
The director is the company's ultimate controlling party.

2Tangible fixed assets

	£
Cost
At 1 August 2015	14,383
Additions	704
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	15,087
Depreciation
At 1 August 2015	13,628
Charge for the year	366
On disposals	-
At 31 July 2016	13,994
Net book values
At 31 July 2016	1,093
At 31 July 2015	755

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

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2