Abbreviated Company Accounts - LANTERN WEB LIMITED

LANTERN WEB LIMITED - Company Information

07740122 LANTERN WEB LIMITED 2016-08-31 false 2015-09-01 2016-08-31 true 07740122 2015-09-01 2016-08-31 07740122 2016-08-31 07740122 2015-08-31 07740122 uk-gaap-cd-bus:Director1 2015-09-01 2016-08-31 07740122 uk-gaap-cd-bus:Director2 2015-09-01 2016-08-31 uk-gaap-cd-bus:Director3 2015-09-01 2016-08-31 uk-gaap-cd-bus:Director3 2016-08-31 uk-gaap-cd-bus:Director3 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-09-01 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 iso4217:GBP shares

Registered Number 07740122

LANTERN WEB LIMITED

Abbreviated Accounts

31 August 2016

LANTERN WEB LIMITED Registered Number 07740122

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	1,346	2,288
		1,346	2,288
Current assets
Debtors		3,240	-
Cash at bank and in hand		30,114	28,937
		33,354	28,937
Creditors: amounts falling due within one year		(29,397)	(26,423)
Net current assets (liabilities)		3,957	2,514
Total assets less current liabilities		5,303	4,802
Total net assets (liabilities)		5,303	4,802
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		5,203	4,702
Shareholders' funds		5,303	4,802

For the year ending 31 August 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 18 May 2017

And signed on their behalf by:
Mr Daniel Forys, Director

LANTERN WEB LIMITED Registered Number 07740122

Notes to the Abbreviated Accounts for the period ended 31 August 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Plant and machinery : 33% straight line

2Tangible fixed assets

	£
Cost
At 1 September 2015	5,112
Additions	699
Disposals	(834)
Revaluations	-
Transfers	-
At 31 August 2016	4,977
Depreciation
At 1 September 2015	2,824
Charge for the year	1,082
On disposals	(275)
At 31 August 2016	3,631
Net book values
At 31 August 2016	1,346
At 31 August 2015	2,288

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

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

4Transactions with directors

Name of director receiving advance or credit:	Mr Daniel Forys
Description of the transaction:	Amount owed by the company
Balance at 1 September 2015:	-
Advances or credits made:	£ 364
Advances or credits repaid:	-
Balance at 31 August 2016:	£ 364