LAMRON_INVESTMENTS_(FLEET - Accounts
LAMRON_INVESTMENTS_(FLEET - Accounts
Company Registration No. 07714284 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
30 JUNE 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT 30 JUNE 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Investments
2
Current assets
Stocks
-
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(2,053,871 )
(1,475,233 )
Net current liabilities
(432,203 )
(410,467 )
Total assets less current liabilities
(432,201 )
(410,465 )
Capital and reserves
Called up share capital
3
Profit and loss account
(432,203 )
(410,467 )
Shareholders' funds
(432,201 )
(410,465 )
Approved by the Board for issue on 7 January 2015
Director
Company Registration No. 07714284
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2014
1
Accounting policies
1.1
Accounting convention
1.2
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).
1.3
Turnover
1.4
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.5
Stock
Work in progress is valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.7
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.
1.8
Going concern
The financial statements have been prepared on the going concern basis, as the directors have confirmed that funds will continue to be made available from related undertakings to enable it to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2014
- 3 -
2
Fixed assets
Investments
£
Cost
At 1 July 2013 & at 30 June 2014
2
At 30 June 2013
2
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
Ordinary
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Loss for the year
2014
2014
Principal activity
£
£
(2,707)
(1,011)
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid