Abbreviated Company Accounts - LIQUID MINERAL SERVICES LIMITED

LIQUID MINERAL SERVICES LIMITED - Company Information

Registered Number 04300134

LIQUID MINERAL SERVICES LIMITED

Abbreviated Accounts

31 March 2015

LIQUID MINERAL SERVICES LIMITED Registered Number 04300134

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	227,356	389,017
		227,356	389,017
Current assets
Stocks		69,632	61,068
Debtors		414,787	296,437
Cash at bank and in hand		54,074	69,140
		538,493	426,645
Creditors: amounts falling due within one year		(488,444)	(446,937)
Net current assets (liabilities)		50,049	(20,292)
Total assets less current liabilities		277,405	368,725
Creditors: amounts falling due after more than one year		(51,953)	(105,802)
Total net assets (liabilities)		225,452	262,923
Capital and reserves
Called up share capital		100	100
Profit and loss account		225,352	262,823
Shareholders' funds		225,452	262,923

For the year ending 31 March 2015 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 19 December 2015

And signed on their behalf by:
D N Crow, Director

LIQUID MINERAL SERVICES LIMITED Registered Number 04300134

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 net invoiced goods, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Plant and machinery etc. - 33% on cost, 25% on cost and 20% on cost.

Valuation information and policy
Stocks ae valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.

Other accounting policies
Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2Tangible fixed assets

	£
Cost
At 1 April 2014	610,157
Additions	76,158
Disposals	(312,153)
Revaluations	-
Transfers	-
At 31 March 2015	374,162
Depreciation
At 1 April 2014	221,140
Charge for the year	56,261
On disposals	(130,595)
At 31 March 2015	146,806
Net book values
At 31 March 2015	227,356
At 31 March 2014	389,017