Abbreviated Company Accounts - LOLA GROVE LIMITED

LEADSCALE ENGINE LIMITED - Company Information

05443168 LOLA GROVE LIMITED 2014-03-31 false 2013-06-01 2014-03-31 true 05443168 2013-06-01 2014-03-31 05443168 2014-03-31 05443168 2013-05-31 05443168 uk-gaap-cd-bus:Director1 2013-06-01 2014-03-31 05443168 uk-gaap-cd-bus:Director2 2013-06-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 05443168

LOLA GROVE LIMITED

Abbreviated Accounts

31 March 2014

LOLA GROVE LIMITED Registered Number 05443168

Abbreviated Balance Sheet as at 31 March 2014

	Notes	31/03/2014	31/05/2013
		£	£
Fixed assets
Tangible assets	2	9,569	-
		9,569	-
Current assets
Debtors		64,373	111,642
Cash at bank and in hand		8,380	24,478
		72,753	136,120
Prepayments and accrued income		3,080	3,785
Net current assets (liabilities)		75,833	139,905
Total assets less current liabilities		85,402	139,905
Creditors: amounts falling due after more than one year		(308,132)	(81,991)
Accruals and deferred income		(2,640)	(33,687)
Total net assets (liabilities)		(225,370)	24,227
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(225,371)	24,226
Shareholders' funds		(225,370)	24,227

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 29 December 2014

And signed on their behalf by:
Robin Caller, Director

LOLA GROVE LIMITED Registered Number 05443168

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

1Accounting 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.The financial statements have been prepared on a going concern basis, liabilities exceed assets at the balance sheet date but the director believes that this basis is appropriate.

Turnover policy
Turnover comprises the invoiced value of services supplied by the company exclusive of Value Added Tax.
Revenue is recognised by invoicing on practical completion of performance of services provided.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets , less their estimated residual value, over their expected useful lives on the following bases:

Office equipment - 33% straight line
Computer equipment - 33% straight line

Other accounting policies
Deferred taxation

Provision is made in full for all deferred taxation in respect of timing differences that have originated but not reversed by the balance sheet date, except for gains on disposal of fixed assets which will be rolled over into replacement assets. No provision is made for taxation on permanent differences.

Deferred tax assets are recognised to the extent that it is more likely than not that they will be recovered.

2Tangible fixed assets

	£
Cost
At 1 June 2013	-
Additions	10,892
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	10,892
Depreciation
At 1 June 2013	-
Charge for the year	1,323
On disposals	-
At 31 March 2014	1,323
Net book values
At 31 March 2014	9,569
At 31 May 2013	-

3Called Up Share Capital
Allotted, called up and fully paid:

	31/03/2014 £	31/05/2013 £
1 Ordinary shares of £1 each	1	1