L.S. COURT LIMITED - Period Ending 2016-09-30

Registration number: 00458934

L.S. COURT LIMITED

trading as L.S.Court Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Chatha & Co
Chartered Certifified Accountants
115-116 Spon End
Coventry
Warwickshire
CV1 3HF

L.S. COURT LIMITED
trading as L.S.Court Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

L.S. COURT LIMITED
trading as L.S.Court Ltd
(Registration number: 00458934)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					180,074			198,099
Current assets
Stocks					53,000			45,000
Debtors					(2,092)			5,954
Cash at bank and in hand					1,065			1,014
					51,973			51,968
Creditors: Amounts falling due within one year					(168,962)			(135,104)
Net current liabilities					(116,989)			(83,136)
Total assets less current liabilities					63,085			114,963
Creditors: Amounts falling due after more than one year					(141,988)			(141,988)
Provisions for liabilities					(520)			(520)
Net liabilities					(79,423)			(27,545)
Capital and reserves
Called up share capital		4			100,845			100,845
Profit and loss account					(180,268)			(128,390)
Shareholders' deficit					(79,423)			(27,545)

For the year ending 30 September 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 director acknowledges her 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 director on 13 June 2017

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

L.S. COURT LIMITED
trading as L.S.Court Ltd
(Registration number: 00458934)
Abbreviated Balance Sheet at 30 September 2016
......... continued

.........................................
Mr JJ Purchase
Company secretary

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

L.S. COURT LIMITED
trading as L.S.Court Ltd
Notes to the Abbreviated Accounts for the 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.

Depreciation

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:

Asset class	Depreciation method and rate
Plant & Machinery	10-25% reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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

L.S. COURT LIMITED
trading as L.S.Court Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		362,220			362,220
At 30 September 2016		362,220			362,220
Depreciation
At 1 October 2015		164,121			164,121
Charge for the year		18,025			18,025
At 30 September 2016		182,146			182,146
Net book value
At 30 September 2016		180,074			180,074
At 30 September 2015		198,099			198,099

3

Creditors

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

		2016 £			2015 £
After more than five years by instalments		141,988			141,988

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100,845			100,845			100,845			100,845

Page 4