LSLCo UK Limited - Abbreviated accounts

Registered number

05196833

LSLCo UK Limited

Abbreviated Accounts

31 March 2015

LSLCo UK Limited

Report to the directors on the preparation of the unaudited abbreviated accounts of LSLCo UK Limited for the year ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of LSLCo UK Limited for the year ended 31 March 2015 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.

Black & White
Chartered Certified Accountants
2-3 Stable Court
Herriard Park
Herriard
Hampshire
RG25 2PL

25 June 2015

LSLCo UK Limited
Registered number:		05196833
Abbreviated Balance Sheet
as at 31 March 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		7,202			8,676

Current assets
Stocks		51,225			22,358
Debtors		20,588			39,096
Cash at bank and in hand		21,036			18,084
		92,849			79,538

Creditors: amounts falling due within one year		(68,797)			(78,545)

Net current assets			24,052			993

Net assets			31,254			9,669

Capital and reserves
Called up share capital	3		1,878			1,878
Share premium			69,179			69,179
Profit and loss account			(39,803)			(61,388)

Shareholders' funds			31,254			9,669

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr N Albon
Director
Approved by the board on 25 June 2015

LSLCo UK Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2015

1	Accounting policies

	Basis of preparation
	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
	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.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			25% reducing balance
	Motor vehicles			25% reducing balance

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 April 2014					23,491
	Additions					927
	At 31 March 2015					24,418

	Depreciation
	At 1 April 2014					14,815
	Charge for the year					2,401
	At 31 March 2015					17,216

	Net book value
	At 31 March 2015					7,202
	At 31 March 2014					8,676


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		1,878		1,878		-
	Ordinary 'A' shares	£1 each		1,000		-		1,000
	Ordinary 'B' shares	£1 each		188		-		188
	Ordinary 'C' shares	£1 each		188		-		188
	Ordinary 'D' shares	£1 each		126		-		126
	Ordinary 'E' shares	£1 each		376		-		376
						-		1,878