Letsbet Limited - Limited company - abbreviated - 11.6

Letsbet Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 07093157 (England and Wales)















Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

Letsbet Limited

Letsbet Limited (Registered number: 07093157)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Letsbet Limited

Company Information
for the Year Ended 31 December 2014







DIRECTORS: D W Davis
K D Davis





REGISTERED OFFICE: Unit 4 Wynford Trading Estate
Wynford Road Acocks Green
BIRMINGHAM
West Midlands
B27 6JP





REGISTERED NUMBER: 07093157 (England and Wales)





ACCOUNTANTS: Allen Rose
Chartered Certified Accountants
Technology Centre
Wolverhampton Science Park
Glaisher Drive
Wolverhampton
West Midlands
WV10 9RU

Letsbet Limited (Registered number: 07093157)

Abbreviated Balance Sheet
31 December 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 935 747

CURRENT ASSETS
Debtors 142,221 82,896
Cash at bank 43,930 48,737
186,151 131,633
CREDITORS
Amounts falling due within one year 135,355 87,629
NET CURRENT ASSETS 50,796 44,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,731

44,751

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 51,729 44,749
SHAREHOLDERS' FUNDS 51,731 44,751

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 26 January 2015 and were signed on its behalf by:





K D Davis - Director


Letsbet Limited (Registered number: 07093157)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements 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 net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 33% on cost and 15% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 3,239
Additions 1,100
At 31 December 2014 4,339
DEPRECIATION
At 1 January 2014 2,492
Charge for year 912
At 31 December 2014 3,404
NET BOOK VALUE
At 31 December 2014 935
At 31 December 2013 747

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2

Letsbet Limited (Registered number: 07093157)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2014

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2014 and
31 December 2013:

2014 2013
£    £   
D W Davis
Balance outstanding at start of year (2 ) 2,789
Amounts advanced 27,000 27,000
Amounts repaid (27,000 ) (29,791 )
Balance outstanding at end of year (2 ) (2 )

K D Davis
Balance outstanding at start of year (99 ) (191 )
Amounts advanced 30,082 32,300
Amounts repaid (27,000 ) (32,208 )
Balance outstanding at end of year 2,983 (99 )