Company Registration No. 07300909 (England and Wales)
L S LAMINATING LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
Evolution Business and Tax Advisors LLP
10 Evolution
Wynyard Park
Wynyard
TS22 5TB
L S LAMINATING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
L S LAMINATING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2013
30 November 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Tangible assets
2
200,849
157,346
Current assets
Stocks
10,000
991
Debtors
224,509
139,477
Cash at bank and in hand
12,869
37,155
247,378
177,623
Creditors: amounts falling due within one year
(271,049)
(276,647)
Net current liabilities
(23,671)
(99,024)
Total assets less current liabilities
177,178
58,322
Provisions for liabilities
(15,896)
161,282
58,322
Capital and reserves
Called up share capital
3
100,000
100,000
Profit and loss account
61,282
(41,678)
Shareholders' funds
161,282
58,322
For the financial year ended 30 November 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. . The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board for issue on 19 August 2014
Mr P F Pearson
Director
Company Registration No. 07300909
L S LAMINATING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2013
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
10% reducing balance
1.5
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.
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2012
224,861
Additions
73,320
At 30 November 2013
298,181
Depreciation
At 1 December 2012
67,515
Charge for the year
29,817
At 30 November 2013
97,332
Net book value
At 30 November 2013
200,849
At 30 November 2012
157,346
L S LAMINATING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2013
- 3 -
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
100,000 ordinary shares of £1 each
100,000
100,000
4
Control
The company is controlled by J B Haddon by virtue of his majority shareholding.
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