Leptrex Ltd. - Period Ending 2016-09-30

Company registration number: 07789635

Leptrex Ltd.
 
  Annual Report and Unaudited Abbreviated Accounts
 
  Year Ended 30 September 2016
 

C-BAS Accountancy and Taxation Services Limited
  135 Church Road
  Folkestone
  Kent
  CT20 3ER

Leptrex Ltd.
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Leptrex Ltd.
(Company registration number: 07789635)
Abbreviated Balance Sheet
30 September 2016

		Note			2016 £			2015 £
Fixed assets
Intangible fixed assets					67,423			64,856
Current assets
Debtors					-			160
Cash at bank and in hand					6,369			1,019
					6,369			1,179
Creditors: Amounts falling due within one year					(1,195)			(425)
Net current assets					5,174			754
Total assets less current liabilities					72,597			65,610
Creditors: Amounts falling due after more than one year					(84,650)			(69,550)
Net liabilities					(12,053)			(3,940)
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					(12,153)			(4,040)
Shareholders' deficit					(12,053)			(3,940)

The notes on pages 3 to 5 form an integral part of these financial statements.
 
  Page 1

Leptrex Ltd.
(Company registration number: 07789635)
Abbreviated Balance Sheet
30 September 2016......... continued

For the year ending 30 September 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 .

Approved by the Board on 7 June 2017 and signed on its behalf by:

......................................... Mr Norman John Bennett Director

The notes on pages 3 to 5 form an integral part of these financial statements.
 
  Page 2

Leptrex Ltd.
Notes to the Abbreviated Accounts
Year Ended 30 September 2016......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Patents	15% reducing Balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Leptrex Ltd.
Notes to the Abbreviated Accounts
Year Ended 30 September 2016......... continued

2	Fixed assets

		Intangible assets £			Total £
Cost
At 1 October 2015		64,856			64,856
Additions		14,465			14,465
At 30 September 2016		79,321			79,321
Depreciation
Charge for the year		11,898			11,898
At 30 September 2016		11,898			11,898
Net book value
At 30 September 2016		67,423			67,423
At 30 September 2015		64,856			64,856

3

Creditors

Included in the creditors are the following amounts due after more than five years:

		2016 £			2015 £
After more than five years not by instalments		84,650			-

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Fully Paid of £1 each		100			100			100			100

Page 4

Leptrex Ltd.
Notes to the Abbreviated Accounts
Year Ended 30 September 2016......... continued

5

Control

The company is controlled by Allicin International Ltd own 75% of the shareholding Prof. Edward Ramsey owns 18% of the shareholding Assets Operations Co. owns 7% of the shareholding

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