| JAMES LIPMAN LIMITED |
| Registered number: |
06009076 |
| Abbreviated Balance Sheet |
| as at 30 November 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
33,059 |
|
|
42,362 |
|
| Current assets |
| Debtors |
|
|
102,437 |
|
|
51,003 |
| Cash at bank and in hand |
|
|
117,770 |
|
|
98,040 |
|
|
|
220,207 |
|
|
149,043 |
|
| Creditors: amounts falling due within one year |
|
|
(49,187) |
|
|
(38,506) |
|
| Net current assets |
|
|
|
171,020 |
|
|
110,537 |
|
| Net assets |
|
|
|
204,079 |
|
|
152,899 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
1 |
|
|
1 |
| Profit and loss account |
|
|
|
204,078 |
|
|
152,898 |
|
| Shareholder's funds |
|
|
|
204,079 |
|
|
152,899 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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 provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| J Lipman |
| Director |
| Approved by the board on 23 August 2017 |
|
| JAMES LIPMAN LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 30 November 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
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. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% Reducing balance |
|
Motor vehicles |
25% Reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2015 |
90,750 |
|
Additions |
1,717 |
|
At 30 November 2016 |
92,467 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2015 |
48,388 |
|
Charge for the year |
11,020 |
|
At 30 November 2016 |
59,408 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2016 |
33,059 |
|
At 30 November 2015 |
42,362 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
1 |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
