Micro-entity Accounts - LSA RETAIL LTD

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Registered Number 09564872

LSA RETAIL LTD

Micro-entity Accounts

31 March 2017

LSA RETAIL LTD Registered Number 09564872

Micro-entity Balance Sheet as at 31 March 2017

	Notes	2017	2016
		£	£
Current assets
Stocks		45,075	19,735
Debtors		19,417	24,269
Cash at bank and in hand		23,005	13,500
		87,497	57,504
Creditors: amounts falling due within one year		(81,055)	(54,139)
Net current assets (liabilities)		6,442	3,365
Total assets less current liabilities		6,442	3,365
Provisions for liabilities		(2,115)	(2,120)
Total net assets (liabilities)		4,327	1,245
Capital and reserves
Called up share capital	1	100	100
Profit and loss account		4,227	1,145
Shareholders' funds		4,327	1,245

For the year ending 31 March 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 December 2017

And signed on their behalf by:
SINNATHURAI KUNENTHIRAN, Director

LSA RETAIL LTD Registered Number 09564872

Notes to the Micro-entity Accounts for the period ended 31 March 2017

1Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
100 A Ordinary shares of £1 each	100	100

2Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts. The principal activity of the company during the year was Retail of Motor fuel as commission operators and retail of other related goods and activities.

Tangible assets depreciation policy
Tangible fixed assets were stated at cost less depreciation. Depreciation has been provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 18% on a reducing balance basis.