Intalite Lancs Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 01643918 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

INTALITE LANCS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S Forsyth

Mr M Forsyth

Mr D Forsyth

Mrs D Forsyth

SECRETARY:

Mr S Forsyth

REGISTERED OFFICE:

10 Park Street

Lytham

Lancashire

FY8 5LU

REGISTERED NUMBER:

01643918 (England and Wales)

ACCOUNTANT:

LATHAM LEES LIMITED

Chartered Accountant

10, Park Street

Lytham

Lancashire

FY8 5LU

FIXED ASSETS

Intangible assets

2

56,000

70,000

Tangible assets

3

16,644

19,992

72,644

89,992

CURRENT ASSETS

Stocks

300,254

267,609

Cash at bank

58,630

62,761

358,884

330,370

CREDITORS

Amounts falling due within one year

66,567

73,619

NET CURRENT ASSETS

292,317

256,751

TOTAL ASSETS LESS CURRENT LIABILITIES

364,961

346,743

CAPITAL AND RESERVES

Called up share capital

4

300

300

Profit and loss account

364,661

346,443

SHAREHOLDERS' FUNDS

364,961

346,743

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 November 2014 and were signed on its behalf by:

Mr S Forsyth - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

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

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

140,000

AMORTISATION

At 1 April 2013

70,000

Amortisation for year

14,000

At 31 March 2014

84,000

NET BOOK VALUE

At 31 March 2014

56,000

At 31 March 2013

70,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

53,150

Additions

977

At 31 March 2014

54,127

DEPRECIATION

At 1 April 2013

33,158

Charge for year

4,325

At 31 March 2014

37,483

NET BOOK VALUE

At 31 March 2014

16,644

At 31 March 2013

19,992

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

£

300

Ordinary

£1

300

300