Abbreviated Company Accounts - LANCEHAWK LIMITED

01989106 LANCEHAWK LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 01989106 2014-07-01 2015-06-30 01989106 2015-06-30 01989106 2014-06-30 01989106 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 01989106 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 01989106

LANCEHAWK LIMITED

Abbreviated Accounts

30 June 2015

LANCEHAWK LIMITED Registered Number 01989106

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	14,132	7,839
		14,132	7,839
Current assets
Stocks		-	42,000
Debtors		429,256	251,309
Cash at bank and in hand		266,861	9,469
		696,117	302,778
Creditors: amounts falling due within one year		(649,151)	(296,774)
Net current assets (liabilities)		46,966	6,004
Total assets less current liabilities		61,098	13,843
Total net assets (liabilities)		61,098	13,843
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		60,998	13,743
Shareholders' funds		61,098	13,843

For the year ending 30 June 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 17 March 2016

And signed on their behalf by:
ROBERT NIGEL LOVERING, Director

LANCEHAWK LIMITED Registered Number 01989106

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
1.1 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
1.2 Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Tangible assets depreciation policy
1.3 Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 10% straight line
Motor Vehicles - 25% straight line

Other accounting policies
1.4 Stock - Stock is valued at the lower of cost and net realisable value.

1.5 Pensions - The pension costs charged in the financial statements represent the contribution payable by the company during the year. The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees’ service lives on the basis of a constant percentage of earnings.

2Tangible fixed assets

	£
Cost
At 1 July 2014	102,115
Additions	13,481
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	115,596
Depreciation
At 1 July 2014	94,276
Charge for the year	7,188
On disposals	-
At 30 June 2015	101,464
Net book values
At 30 June 2015	14,132
At 30 June 2014	7,839

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100