Abbreviated Company Accounts - GENERAL LITESEARCH LIMITED

GENERAL LITESEARCH LIMITED - Company Information

03828665 GENERAL LITESEARCH LIMITED 2014-07-31 false 2013-08-01 2014-07-31 true 03828665 2013-08-01 2014-07-31 03828665 2014-07-31 03828665 2013-07-31 03828665 uk-gaap-cd-bus:Director1 2013-08-01 2014-07-31 03828665 uk-gaap-cd-bus:Director2 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-08-01 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 iso4217:GBP shares

Registered Number 03828665

GENERAL LITESEARCH LIMITED

Abbreviated Accounts

31 July 2014

GENERAL LITESEARCH LIMITED Registered Number 03828665

Abbreviated Balance Sheet as at 31 July 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,997	9,786
		2,997	9,786
Current assets
Debtors		270,941	327,855
Cash at bank and in hand		53,858	10,859
		324,799	338,714
Creditors: amounts falling due within one year		(305,743)	(315,359)
Net current assets (liabilities)		19,056	23,355
Total assets less current liabilities		22,053	33,141
Total net assets (liabilities)		22,053	33,141
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		22,051	33,139
Shareholders' funds		22,053	33,141

For the year ending 31 July 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 29 May 2015

And signed on their behalf by:
Peter Gold, Director

GENERAL LITESEARCH LIMITED Registered Number 03828665

Notes to the Abbreviated Accounts for the period ended 31 July 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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:

Plant & Equipment - 25% straight line
Leasehold Property Improvements - straight line over remaining term of 15 year lease

Other accounting policies
Leasing and hire purchase commitments
Rentals payable under operating leases are charged to profit and loss account as they fall due.

2Tangible fixed assets

	£
Cost
At 1 August 2013	24,476
Additions	-
Disposals	(14,734)
Revaluations	-
Transfers	-
At 31 July 2014	9,742
Depreciation
At 1 August 2013	14,690
Charge for the year	2,734
On disposals	(10,679)
At 31 July 2014	6,745
Net book values
At 31 July 2014	2,997
At 31 July 2013	9,786

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
2 Ordinary shares of £1 each	2	2