Lipame Ltd - Filleted accounts

Lipame Ltd
Registered number:		09498601
Balance Sheet
as at 31 March 2017

Notes			2017			2016
£				£
Current assets
Debtors	3	-			4,067
Cash at bank and in hand		9,451			78
		9,451			4,145

Creditors: amounts falling due within one year	4	(8,996)			(3,874)

Net current assets			455			271

Net assets			455			271

Capital and reserves
Called up share capital			100			100
Profit and loss account			355			171

Shareholder's funds			455			271

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Audrius Kavaliauskas
Director
Approved by the board on 4 May 2017

Lipame Ltd
Notes to the Accounts
for the year ended 31 March 2017


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2	Tangible fixed assets
				Motor vehicles
£
	Cost
	At 1 April 2016			3,100
	At 31 March 2017			3,100

	Depreciation
	At 1 April 2016			3,100
	At 31 March 2017			3,100

	Net book value
	At 31 March 2017			-


3	Debtors	2017		2016
£			£

	Trade debtors	-		4,067


4	Creditors: amounts falling due within one year	2017		2016
£			£

	Corporation tax	7,796		4,293
	Other taxes and social security costs	3,339		(6,861)
	Other creditors	(2,139)		6,442
		8,996		3,874


5	Other information

	Lipame Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	65 Brooks Hall
	Ipswich
	IP1 4BZ

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