Liftabout Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03848915 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

LIFTABOUT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T G Henson

REGISTERED OFFICE:

The Squires

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

REGISTERED NUMBER:

03848915 (England and Wales)

ACCOUNTANTS:

Wright & Co Partnership Limited

Chartered Accountants

5 Walsall Street

Wednesbury

West Midlands

WS10 9BZ

BANKERS:

National Westminster Bank plc

42 Cheshire Street

Market Drayton

Shropshire

TF9 1PG

FIXED ASSETS

Tangible assets

2

87

102

CURRENT ASSETS

Debtors

3

-

123

Cash at bank

52,388

43,835

52,388

43,958

CREDITORS

Amounts falling due within one year

4

9,988

9,503

NET CURRENT ASSETS

42,400

34,455

TOTAL ASSETS LESS CURRENT LIABILITIES

42,487

34,557

CAPITAL AND RESERVES

Called up share capital

5

1,000

1,000

Profit and loss account

6

41,487

33,557

SHAREHOLDERS' FUNDS

42,487

34,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24 June 2017 and were signed by:

T G Henson - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, 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 etc

-

15% 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.

2.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2015

and 30 September 2016

1,472

DEPRECIATION

At 1 October 2015

1,370

Charge for year

15

At 30 September 2016

1,385

NET BOOK VALUE

At 30 September 2016

87

At 30 September 2015

102

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

VAT

-

123

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Tax

1,984

1,504

Directors' current accounts

374

374

Accrued expenses

7,630

7,625

9,988

9,503

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

500

Ordinary

£1

500

500

500

Non voting

£1

500

500

1,000

1,000

6.

RESERVES

Profit

and loss

account

£

At 1 October 2015

33,557

Profit for the year

7,930

At 30 September 2016

41,487