Company Registration No. 06980686 (England and Wales)
LF Foundation
Abbreviated unaudited accounts
for the year ended 31 August 2016
LF Foundation
Abbreviated Balance Sheet
as at 31 August 2016
Tangible assets
30,186
1,241
Cash at bank and in hand
12,722
33,303
Creditors: amounts falling due within one year
(27,995)
(4,838)
Net current assets
10,972
28,465
Capital redemption reserve
(25,196)
-
Profit and loss account
66,354
29,706
Total shareholders' funds
41,158
29,706
For the year ending 31 August 2016 the company was entitled to exemption from audit 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 12 May 2017
Theodora Adebanjo
Director
Company Registration No. 06980686
LF Foundation
Notes to the Abbreviated Accounts
for the year ended 31 August 2016
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
