Laptop Power (NW) Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07159039 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2014

for

Laptop Power (NW) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

M D Roughley

A Roughley

REGISTERED OFFICE:

Unit 6

Platinum Court

Knowsley

Liverpool

Merseyside

L33 7XN

REGISTERED NUMBER:

07159039 (England and Wales)

ACCOUNTANTS:

Jonathan Ford & Co Limited

Chartered Accountants

Maxwell House

Liverpool Innovation Park

Liverpool

Merseyside

L7 9NJ

FIXED ASSETS

Tangible assets

2

47,101

92,826

CURRENT ASSETS

Stocks

637,693

282,991

Debtors

200,651

41,409

Cash at bank and in hand

110,907

214,097

949,251

538,497

CREDITORS

Amounts falling due within one year

684,360

521,266

NET CURRENT ASSETS

264,891

17,231

TOTAL ASSETS LESS CURRENT LIABILITIES

311,992

110,057

PROVISIONS FOR LIABILITIES

7,052

15,677

NET ASSETS

304,940

94,380

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

304,938

94,378

SHAREHOLDERS' FUNDS

304,940

94,380

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 21 November 2014 and were signed on its behalf by:

M D Roughley - Director

A Roughley - 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 the value, net of value added tax, of goods and services sold during the

year. Income is recognised when the right to consideration is received.

Income from the retail of goods is recognised when the obligation to provide the goods arises.

Income from repairs is recognised when the repairs have been fully carried out.

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 cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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 material timing differences that have originated but

not reversed at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange

ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling

at the rate of exchange ruling at the date of transaction. Exchange differences are taken into

account in arriving at the operating result.

Operating leases

The costs of operating leases, including property rental, are recognised evenly over the term of

the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

212,474

Additions

4,445

At 28 February 2014

216,919

DEPRECIATION

At 1 March 2013

119,648

Charge for year

50,170

At 28 February 2014

169,818

NET BOOK VALUE

At 28 February 2014

47,101

At 28 February 2013

92,826

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

2

Ordinary

£1.00

2

2

4.	ULTIMATE CONTROLLING PARTY

The company is not controlled by any one individual.

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages two to five) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Laptop Power (NW) Limited for the year ended

28 February 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related

notes from the company's accounting records and from information and explanations you have given

us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales

(ICAEW), we are subject to its ethical and other professional requirements which are detailed at

icaew.com/membershandbook.

This report is made solely to the Board of Directors of Laptop Power (NW) Limited, as a body, in

accordance with our terms of engagement. Our work has been undertaken solely to prepare for your

approval the financial statements of Laptop Power (NW) Limited and state those matters that we

have agreed to state to the Board of Directors of Laptop Power (NW) Limited, as a body, in this

report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent

permitted by law, we do not accept or assume responsibility to anyone other than the company and

its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Laptop Power (NW) Limited has kept adequate accounting records and

to prepare statutory financial statements that give a true and fair view of the assets, liabilities,

financial position and profit of Laptop Power (NW) Limited. You consider that Laptop Power (NW)

Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Laptop

Power (NW) Limited. For this reason, we have not verified the accuracy or completeness of the

accounting records or information and explanations you have given to us and we do not, therefore,

express any opinion on the statutory financial statements.

Jonathan Ford & Co Limited

Chartered Accountants

Maxwell House

Liverpool Innovation Park

Liverpool

Merseyside

L7 9NJ

Date: .............................................