LAMORNA EXPRESS LIMITED - Abbreviated accounts

LAMORNA EXPRESS LIMITED - Company Information

Registered number

04849723

LAMORNA EXPRESS LIMITED

Abbreviated Accounts

30 November 2013

LAMORNA EXPRESS LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of LAMORNA EXPRESS LIMITED for the year ended 30 November 2013
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of LAMORNA EXPRESS LIMITED for the year ended 30 November 2013 which comprise of 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, 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 LAMORNA EXPRESS LIMITED, as a body, in accordance with the terms of our engagement letter dated 12 September 2006. Our work has been undertaken solely to prepare for your approval the accounts of LAMORNA EXPRESS LIMITED and state those matters that we have agreed to state to the Board of Directors of LAMORNA EXPRESS 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 LAMORNA EXPRESS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that LAMORNA EXPRESS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of LAMORNA EXPRESS LIMITED. You consider that LAMORNA EXPRESS 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 accounts of LAMORNA EXPRESS 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 abbreviated accounts.

MICHAEL F. CLIFT-MATTHEWS FCA, CTA
Chartered Accountant
21 CLARENCE STREET
PENZANCE
CORNWALL
TR18 2NZ

8 August 2013

LAMORNA EXPRESS LIMITED
Registered number:		04849723
Abbreviated Balance Sheet
as at 30 November 2013

Notes			2013			2012
£				£
Fixed assets
Tangible assets	2		1,848			5,473

Current assets
Stocks		100			100
Debtors		26,078			25,946
Cash at bank and in hand		5,962			2,214
		32,140			28,260

Creditors: amounts falling due within one year		(25,009)			(30,459)

Net current assets/(liabilities)			7,131			(2,199)

Net assets			8,979			3,274

Capital and reserves
Called up share capital	3		1			1
Profit and loss account			8,978			3,273

Shareholder's funds			8,979			3,274

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.



A J BROWN
Director
Approved by the board on 21 July 2014

LAMORNA EXPRESS LIMITED
Notes to the Abbreviated Accounts
for the year ended 30 November 2013

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			12.5% straight line
	Motor vehicles			12.5% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 1 December 2012					23,676
	At 30 November 2013					23,676

	Depreciation
	At 1 December 2012					18,203
	Charge for the year					3,625
	At 30 November 2013					21,828

	Net book value
	At 30 November 2013					1,848
	At 30 November 2012					5,473


3	Share capital	Nominal		2013		2013		2012
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1		1		1