Abbreviated Company Accounts - NORMAN P LEA LTD

Registered Number 07272686

NORMAN P LEA LTD

Abbreviated Accounts

30 June 2014

NORMAN P LEA LTD Registered Number 07272686

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,189,550	1,185,101
		1,189,550	1,185,101
Current assets
Debtors		2,857	660
Cash at bank and in hand		165,491	97,191
		168,348	97,851
Creditors: amounts falling due within one year		(160,078)	(156,219)
Net current assets (liabilities)		8,270	(58,368)
Total assets less current liabilities		1,197,820	1,126,733
Total net assets (liabilities)		1,197,820	1,126,733
Capital and reserves
Called up share capital		1,000,000	1,000,000
Profit and loss account		197,820	126,733
Shareholders' funds		1,197,820	1,126,733

For the year ending 30 June 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 30 January 2015

And signed on their behalf by:
Mr Peter Norman Lea, Director

NORMAN P LEA LTD Registered Number 07272686

Notes to the Abbreviated Accounts for the period ended 30 June 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.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
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:

Plant and machinery - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 July 2013	1,193,428
Additions	9,500
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	1,202,928
Depreciation
At 1 July 2013	8,327
Charge for the year	5,051
On disposals	-
At 30 June 2014	13,378
Net book values
At 30 June 2014	1,189,550
At 30 June 2013	1,185,101