Abbreviated Company Accounts - LAKER FREIGHT SERVICES LIMITED
Abbreviated Company Accounts - LAKER FREIGHT SERVICES LIMITED
Registered Number 02381385
LAKER FREIGHT SERVICES LIMITED
Abbreviated Accounts
30 April 2014
LAKER FREIGHT SERVICES LIMITED Registered Number 02381385
Abbreviated Balance Sheet as at 30 April 2014
Notes | 2014 | 2013 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
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( |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 30 April 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
And signed on their behalf by:
LAKER FREIGHT SERVICES LIMITED Registered Number 02381385
Notes to the Abbreviated Accounts for the period ended 30 April 2014
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
year, exclusive of Value Added Tax.
Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual
value, over the useful economic life of that asset as follows:
Other tangible assets - 12.5% reducing balance
Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax.
The only exception is that deferred tax assets are recognised only to the extent that the
directors consider that it is more likely than not that there will be suitable taxable profits from
which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply
in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.
£ | |
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Cost | |
At 1 May 2013 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 April 2014 |
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Depreciation | |
At 1 May 2013 |
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Charge for the year |
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On disposals |
( |
At 30 April 2014 |
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Net book values | |
At 30 April 2014 | 0 |
At 30 April 2013 | 3,951 |