127 St Albans Road Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08000442 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

127 ST ALBANS ROAD LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr D F Lofty

Mr A Lofty

REGISTERED OFFICE:

The Lodge Studio

Copthorne Road

Croxley Green

Herts

WD3 4AQ

REGISTERED NUMBER:

08000442 (England and Wales)

ACCOUNTANTS:

Foxley Kingham

Chartered Accountants

Prospero House

46-48 Rothesay Road

Luton

Bedfordshire

LU1 1QZ

CURRENT ASSETS

Stocks

43,214

536,748

Debtors

1

4,433

Cash at bank and in hand

2,650

3,193

45,865

544,374

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2

35,774

179,071

NET CURRENT ASSETS

10,091

365,303

TOTAL ASSETS LESS CURRENT LIABILITIES

10,091

365,303

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2

-

373,179

NET ASSETS/(LIABILITIES)

10,091

(7,876

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

10,090

(7,877

)

SHAREHOLDERS' FUNDS

10,091

(7,876

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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:

Mr A Lofty - 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 net invoiced sales of goods, excluding value added tax.

Stocks

Stocks and work in progress is valued at the lower of cost and net realisable value on the basis of direct costs

plus attributable finance expenses. No element of profit is included in the valuation of work in progress.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.

CREDITORS

Creditors include an amount of £ 0 (2013 - £ 235,000 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

-

170,480

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	ULTIMATE PARENT COMPANY

The ultimate parent company is Derek Lofty Properties Limited which holds all the issued share capital of 127 St

Albans Road Limited.