Abbreviated Company Accounts - LI & COMPANY (UK) LTD

LI & COMPANY (UK) LTD - Company Information

Registered Number 05966510

LI & COMPANY (UK) LTD

Abbreviated Accounts

31 October 2016

LI & COMPANY (UK) LTD Registered Number 05966510

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,266	3,671
		4,266	3,671
Current assets
Stocks		20,950	19,530
Debtors		95,071	84,982
Cash at bank and in hand		68,630	103,902
		184,651	208,414
Creditors: amounts falling due within one year		(106,474)	(91,263)
Net current assets (liabilities)		78,177	117,151
Total assets less current liabilities		82,443	120,822
Provisions for liabilities		(711)	(734)
Total net assets (liabilities)		81,732	120,088
Capital and reserves
Called up share capital		100	100
Profit and loss account		81,632	119,988
Shareholders' funds		81,732	120,088

For the year ending 31 October 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 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 31 July 2017

And signed on their behalf by:
K F Li, Director

LI & COMPANY (UK) LTD Registered Number 05966510

Notes to the Abbreviated Accounts for the period ended 31 October 2016

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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 15% reducing balance

2Tangible fixed assets

	£
Cost
At 1 November 2015	9,070
Additions	1,348
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	10,418
Depreciation
At 1 November 2015	5,399
Charge for the year	753
On disposals	-
At 31 October 2016	6,152
Net book values
At 31 October 2016	4,266
At 31 October 2015	3,671