Loucor Limited - Abbreviated accounts

Registered number

05489193

Loucor Limited

Abbreviated Accounts

31 March 2016

Loucor Limited
Registered number:		05489193
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		234,009			234,216

Current assets
Cash at bank and in hand		-			47,706

Creditors: amounts falling due within one year		(344,925)			(392,279)

Net current liabilities			(344,925)			(344,573)

Net liabilities			(110,916)			(110,357)

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			(111,016)			(110,457)

Shareholders' funds			(110,916)			(110,357)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



James Leverell
Director
Approved by the board on 24 May 2017

Loucor Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	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
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% reducing balance

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Going Concern
	The company's liabilities exceeds its assets. The largest creditor of the company are the directors. The company is reliant upon their continuing support, which they have confirmed. The accounts for this reason are prepared on the going concern basis.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					243,587
	At 31 March 2016					243,587

	Depreciation
	At 1 April 2015					9,371
	Charge for the year					207
	At 31 March 2016					9,578

	Net book value
	At 31 March 2016					234,009
	At 31 March 2015					234,216


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		100		100