Leafwood Limited - Limited company - abbreviated - 11.6

Leafwood Limited - Limited company - abbreviated - 11.6

LEAFWOOD LIMITED - Company Information

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REGISTERED NUMBER: 07365682 (England and Wales)















Leafwood Limited

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2015





Southgates
Chartered Certified Accountants
Owthorne Manor
2 Hubert Street
Withernsea
East Yorkshire
HU19 2AT








Leafwood Limited (Registered number: 07365682)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 28 February 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

Leafwood Limited (Registered number: 07365682)

ABBREVIATED BALANCE SHEET
28 February 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 - -
Investment property 3 119,129 119,129
119,129 119,129

CURRENT ASSETS
Debtors 219 174
Cash at bank 3,054 2,724
3,273 2,898
CREDITORS
Amounts falling due within one year 19,884 21,985
NET CURRENT LIABILITIES (16,611 ) (19,087 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
102,518
100,042

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 102,418 99,942
SHAREHOLDERS' FUNDS 102,518 100,042

The notes form part of these abbreviated accounts

Page 1
Leafwood Limited (Registered number: 07365682)

ABBREVIATED BALANCE SHEET - continued
28 February 2015


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 30 June 2015 and were signed on its behalf by:





Mr J Wilson - Director


The notes form part of these abbreviated accounts

Page 2
Leafwood Limited (Registered number: 07365682)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 28 February 2015

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 services, 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.

Computer equipment - 50% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
market value is transferred to a revaluation reserve.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or
a right to pay less or to receive more, tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in
which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance
sheet date.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,
as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that
evidences a residual interest in the assets of the company after deducting all of its liabilities.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2014
and 28 February 2015 2,195
DEPRECIATION
At 1 March 2014
and 28 February 2015 2,195
NET BOOK VALUE
At 28 February 2015 -
At 28 February 2014 -

Page 3
Leafwood Limited (Registered number: 07365682)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
for the Year Ended 28 February 2015

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 March 2014
and 28 February 2015 119,129
NET BOOK VALUE
At 28 February 2015 119,129
At 28 February 2014 119,129

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary 1.00 100 100

Page 4