Micro-entity Accounts - 4 LEAF ENTERPRISES LIMITED

4 LEAF ENTERPRISES LIMITED - Company Information

02747739 4 LEAF ENTERPRISES LIMITED 2016-12-31 false 2016-01-01 2016-12-31 true 02747739 2016-01-01 2016-12-31 02747739 2016-12-31 02747739 2015-12-31 02747739 uk-gaap-cd-bus:Director1 2016-01-01 2016-12-31 02747739 uk-gaap-cd-bus:Director2 2016-01-01 2016-12-31 02747739 uk-gaap-cd-bus:AllEntityOfficers 2016-01-01 2016-12-31 iso4217:GBP shares

Registered Number 02747739

4 LEAF ENTERPRISES LIMITED

Micro-entity Accounts

31 December 2016

4 LEAF ENTERPRISES LIMITED Registered Number 02747739

Micro-entity Balance Sheet as at 31 December 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	1	20,381	20,381
Tangible assets	2	60,683	80,913
		81,064	101,294
Current assets
Stocks		351,835	340,000
Debtors		18,979	26,666
Cash at bank and in hand		1	1
		370,815	366,667
Creditors: amounts falling due within one year		(41,265)	(58,316)
Net current assets (liabilities)		329,550	308,351
Total assets less current liabilities		410,614	409,645
Creditors: amounts falling due after more than one year		(114,763)	(83,062)
Total net assets (liabilities)		295,851	326,583
Capital and reserves
Called up share capital		1,304	1,304
Profit and loss account		294,547	325,279
Shareholders' funds		295,851	326,583

For the year ending 31 December 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 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 micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 May 2017

And signed on their behalf by:
D Minns, Director

4 LEAF ENTERPRISES LIMITED Registered Number 02747739

Notes to the Micro-entity Accounts for the period ended 31 December 2016

1Intangible fixed assets

	£
Cost
At 1 January 2016	20,381
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	20,381
Amortisation
At 1 January 2016	-
Charge for the year	-
On disposals	-
At 31 December 2016	-
Net book values
At 31 December 2016	20,381
At 31 December 2015	20,381

2Tangible fixed assets

	£
Cost
At 1 January 2016	416,111
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2016	416,111
Depreciation
At 1 January 2016	335,198
Charge for the year	20,230
On disposals	-
At 31 December 2016	355,428
Net book values
At 31 December 2016	60,683
At 31 December 2015	80,913

3Accounting 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes

Tangible assets depreciation policy
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

Intangible assets amortisation policy
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.