LEDTEC_UK_LIMITED - Accounts

LEDTEC UK LIMITED - Company Information

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Company Registration No. 04550859 (England and Wales)

LEDTEC UK LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 28 FEBRUARY 2014

LEDTEC UK LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2014

- 1 -

2014

2012

Notes

Fixed assets

Intangible assets

4,787

6,382

Tangible assets

410

615

5,197

6,997

Current assets

Stocks

246,054

83,075

Debtors

91,512

97,176

Cash at bank and in hand

66,958

44,922

404,524

225,173

Creditors: amounts falling due within one year

(393,383)

(238,605)

Net current assets/(liabilities)

11,141

(13,432)

Total assets less current liabilities

16,338

(6,435)

Capital and reserves

Called up share capital

100

Profit and loss account

16,238

(6,535)

Shareholders' funds

16,338

(6,435)

For the financial period ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 28 November 2014

Mr G A Leonidou

Director

Company Registration No. 04550859

LEDTEC UK LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 28 FEBRUARY 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Patents

Patents are valued at cost less accumulated amortisation. Amortisation is calculated at 25% per annum on a reducing balance basis.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% per annum on a reducing balance basis

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 November 2012 & at 28 February 2014

30,791

6,035

36,826

Depreciation

At 1 November 2012

24,408

5,420

29,828

Charge for the period

1,596

205

1,801

At 28 February 2014

26,004

5,625

31,629

Net book value

At 28 February 2014

4,787

410

5,197

At 31 October 2012

6,382

615

6,997

Share capital

2014

2012

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100