Abbreviated Company Accounts - THE LOUNGE LTD

THE LOUNGE MALE GROOMING LTD - Company Information

07963591 THE LOUNGE LTD 2014-02-28 false 2013-03-01 2014-02-28 true 07963591 2013-03-01 2014-02-28 07963591 2014-02-28 07963591 2013-02-28 07963591 uk-gaap-cd-bus:Director1 2013-03-01 2014-02-28 07963591 uk-gaap-cd-bus:Director2 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-01 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-28 iso4217:GBP shares

Registered Number 07963591

THE LOUNGE LTD

Abbreviated Accounts

28 February 2014

THE LOUNGE LTD Registered Number 07963591

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	3,081	2,677
		3,081	2,677
Current assets
Debtors		-	1,835
Cash at bank and in hand		4,443	461
		4,443	2,296
Net current assets (liabilities)		4,443	2,296
Total assets less current liabilities		7,524	4,973
Creditors: amounts falling due after more than one year		(5,128)	(5,744)
Total net assets (liabilities)		2,396	(771)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		2,395	(772)
Shareholders' funds		2,396	(771)

For the year ending 28 February 2014 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 13 November 2014

And signed on their behalf by:
D mayes, Director

THE LOUNGE LTD Registered Number 07963591

Notes to the Abbreviated Accounts for the period ended 28 February 2014

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 April 2008.

Turnover policy
Turnover represents net invoiced sales of services, excluding value add tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rate in order to write off each asset over its estimated useful life

Plant and machinery - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 March 2013	3,345
Additions	1,430
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	4,775
Depreciation
At 1 March 2013	668
Charge for the year	1,026
On disposals	-
At 28 February 2014	1,694
Net book values
At 28 February 2014	3,081
At 28 February 2013	2,677

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

	2014 £	2013 £
1 Ordinary shares of £1 each	1	1