Loup Services Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06812392 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014

FOR

LOUP SERVICES LIMITED

TRADING AS

COLOURQUICK

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr David Lee

SECRETARY:

REGISTERED OFFICE:

Pear Tree Cottage

North End

Raskelf

York

North Yorkshire

YO61 3LF

REGISTERED NUMBER:

06812392 (England and Wales)

ACCOUNTANTS:

White Rose Partnership LLP

Holly Barn

Carlton Miniott

Thirsk

North Yorkshire

YO7 4NJ

FIXED ASSETS

Tangible assets

2

19,941

16,919

CURRENT ASSETS

Debtors

12,231

7,151

Cash at bank and in hand

14,766

5,588

26,997

12,739

CREDITORS

Amounts falling due within one year

31,927

15,677

NET CURRENT LIABILITIES

(4,930

)

(2,938

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,011

13,981

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

14,911

13,881

SHAREHOLDERS' FUNDS

15,011

13,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23rd October 2014 and were signed by:

Mr David Lee - 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 April 2008).

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 1st April 2013

30,943

Additions

19,255

Disposals

(17,041

)

At 31st March 2014

33,157

DEPRECIATION

At 1st April 2013

14,024

Charge for year

6,647

Eliminated on disposal

(7,455

)

At 31st March 2014

13,216

NET BOOK VALUE

At 31st March 2014

19,941

At 31st March 2013

16,919

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100