LBG Developments Limited - Abbreviated accounts

Registered number

04942719

LBG Developments Limited

Abbreviated Accounts

31 March 2014

LBG Developments Limited
Registered number:		04942719
Abbreviated Balance Sheet
as at 31 March 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		1,111			1,322

Current assets
Stocks		555,743			555,743
Debtors		208			212
		555,951			555,955

Creditors: amounts falling due within one year		(413,742)			(379,341)

Net current assets			142,209			176,614

Total assets less current liabilities			143,320			177,936

Creditors: amounts falling due after more than one year			(142,967)			(148,536)



Net assets			353			29,400

Capital and reserves
Called up share capital	4		100			100
Profit and loss account			253			29,300

Shareholders' funds			353			29,400

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.
Members have 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.



Mr R Lorberg
Director
Approved by the board on 12 December 2014

LBG Developments Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2014

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			15% per annum, reducing balance basis
	Computers			25% per annum, reducing balance basis

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


2	Tangible fixed assets					£

	Cost
	At 1 April 2013					4,477
	At 31 March 2014					4,477

	Depreciation
	At 1 April 2013					3,155
	Charge for the year					211
	At 31 March 2014					3,366

	Net book value
	At 31 March 2014					1,111
	At 31 March 2013					1,322


3	Loans					2014		2013
£							£
	Creditors include:
	Amounts falling due for payment after more than five years					121,630		128,100


4	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100