Abbreviated Company Accounts - LUNAR LIME LIMITED

Abbreviated Company Accounts - LUNAR LIME LIMITED


Registered Number 08013715

LUNAR LIME LIMITED

Abbreviated Accounts

31 March 2014

LUNAR LIME LIMITED Registered Number 08013715

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Current assets
Stocks 8,426 -
Debtors 7,938 120
Cash at bank and in hand 631 -
16,995 120
Creditors: amounts falling due within one year (25,912) -
Net current assets (liabilities) (8,917) 120
Total assets less current liabilities (8,917) 120
Total net assets (liabilities) (8,917) 120
Capital and reserves
Called up share capital 2 120 120
Profit and loss account (9,037) -
Shareholders' funds (8,917) 120
  • For the year ending 31 March 2014 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 Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 December 2014

And signed on their behalf by:
M J Ashby, Director
J P Klemenz, Director

LUNAR LIME LIMITED Registered Number 08013715

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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).

The company is reliant on financial support from the directors. The directors have confirmed that they will continue to support the company for a period of at least twelve months from the date of approval of the financial statements. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Turnover policy
Turnover represents amounts receivable for design, manufacture and distribution of OiDroids and associated products net of VAT and trade discounts.

Other accounting policies
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

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

2Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
120 Ordinary shares of £1 each 120 120