Luminance Energy Limited - Period Ending 2014-03-31

Registration number: 07918729

Luminance Energy Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Luminance Energy Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Luminance Energy Limited
(Registration number: 07918729)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					6,212,630			6,539,610
Current assets
Debtors					83,409			12,146
Cash at bank and in hand					28,036			33,468
					111,445			45,614
Creditors: Amounts falling due within one year					(6,361,991)			(6,268,265)
Net current liabilities					(6,250,546)			(6,222,651)
Net (liabilities)/assets					(37,916)			316,959
Capital and reserves
Called up share capital		3			10			10
Other reserves					320,000			320,000
Profit and loss account					(357,926)			(3,051)
Shareholders' (deficit)/funds					(37,916)			316,959

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 20 December 2014 and signed on its behalf by:

.........................................
Mr G Ross
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Luminance Energy Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	5% on a Straight line basis

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		6,539,610			6,539,610
At 31 March 2014		6,539,610			6,539,610
Depreciation
Charge for the year		326,980			326,980
At 31 March 2014		326,980			326,980
Net book value
At 31 March 2014		6,212,630			6,212,630

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		10			10			10			10

Page 2