Lambda Logic Limited - Period Ending 2015-08-31

Registration number: 3086619

Lambda Logic Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2015
 

Hugh Davies & Co
35 Chequers Court
Brown Street
Salisbury
Wiltshire
SP1 2AS

Lambda Logic Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Lambda Logic Limited
(Registration number: 3086619)
Abbreviated Balance Sheet at 31 August 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			1,261			783
Current assets
Debtors					25,571			3,420
Cash at bank and in hand					62,723			81,978
					88,294			85,398
Creditors: Amounts falling due within one year					(15,251)			(17,423)
Net current assets					73,043			67,975
Net assets					74,304			68,758
Capital and reserves
Called up share capital		3			10,000			10,000
Profit and loss account					64,304			58,758
Shareholders' funds					74,304			68,758

For the year ending 31 August 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 director acknowledges his 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 director on 31 December 2015

.........................................
G M Clemow
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Lambda Logic Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2014		10,111			10,111
Additions		899			899
At 31 August 2015		11,010			11,010
Depreciation
At 1 September 2014		9,328			9,328
Charge for the year		421			421
At 31 August 2015		9,749			9,749
Net book value
At 31 August 2015		1,261			1,261
At 31 August 2014		783			783

Page 2

Lambda Logic Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		10,000			10,000			10,000			10,000

Page 3