Livelines UK Limited - Limited company - abbreviated - 11.6
Livelines UK Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2015 |
FOR |
LIVELINES UK LIMITED |
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
LIVELINES UK LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2015 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064) |
ABBREVIATED BALANCE SHEET |
31 JANUARY 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investment property | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 financial statements were approved by the Board of Directors on |
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JANUARY 2015 |
1. | ACCOUNTING POLICIES |
Basis of preparation of accounts |
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 all amounts received and receivable in respect of goods and services supplied by the company |
during the year excluding value added tax and trade discounts. |
Tangible fixed assets and depreciation |
Equipment, fixtures and fittings | - |
Motor vehicles | - |
Investment property |
The Investment Property is included in the Balance Sheet at its open market value in accordance with the Statement |
of Standard Accounting Practice No 19 and is not depreciated. This treatment is contrary to the Companies Act 2006 |
which states that Fixed Assets should be depreciated but is, in the opinion of the directors, necessary in order to give |
a true and fair view of the financial position of the company. |
Deferred taxation |
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of |
certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing |
differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are |
recognised only to the extent that the directors consider that it is more likely than not that they will be recovered |
against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is measured on a |
non-discounted basis at the average tax rates that would apply when the timing differences are expected to reverse, |
based on tax rates and laws that have been enacted by the balance sheet date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance |
sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of |
transaction. Exchange differences are taken into account in arriving at the operating result. |
Operating leases |
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the |
lessor are charged to the profit and loss account as incurred. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2014 |
and 31 January 2015 |
DEPRECIATION |
At 1 February 2014 |
Charge for year |
At 31 January 2015 |
NET BOOK VALUE |
At 31 January 2015 |
At 31 January 2014 |
LIVELINES UK LIMITED (REGISTERED NUMBER: 04145064) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2015 |
3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 February 2014 |
and 31 January 2015 |
NET BOOK VALUE |
At 31 January 2015 |
At 31 January 2014 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
5. | ULTIMATE PARENT COMPANY |
The Ultimate Parent Company at 31 January 2015 was UK Livelines Limited a company incorporated in England and |
Wales. |