Abbreviated Company Accounts - LEVERCREST LIMITED

Abbreviated Company Accounts - LEVERCREST LIMITED


Registered Number 06443219

LEVERCREST LIMITED

Abbreviated Accounts

31 December 2014

LEVERCREST LIMITED Registered Number 06443219

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Current assets
Stocks 153,627 -
Debtors 3,194 469
Cash at bank and in hand 948 1,724
157,769 2,193
Creditors: amounts falling due within one year (151,032) (1,213)
Net current assets (liabilities) 6,737 980
Total assets less current liabilities 6,737 980
Accruals and deferred income (1,000) (750)
Total net assets (liabilities) 5,737 230
Capital and reserves
Called up share capital 2 1 1
Profit and loss account 5,736 229
Shareholders' funds 5,737 230
  • For the year ending 31 December 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 19 March 2015

And signed on their behalf by:
K Whiteley, Director

LEVERCREST LIMITED Registered Number 06443219

Notes to the Abbreviated Accounts for the period ended 31 December 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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Valuation information and policy
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Other accounting policies
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.

2Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
1 Ordinary shares of £1 each 1 1