Lomathan Limited - Limited company - abbreviated

REGISTERED NUMBER: 06029363 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2013

for

Lomathan Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Wilson

REGISTERED OFFICE:

7 Station Road

Harby

Newark

Nottinghamshire

NG23 7EQ

REGISTERED NUMBER:

06029363 (England and Wales)

ACCOUNTANTS:

Sterling Financial Accountancy and Tax Limited

The Old Bank Chambers

27 Lincoln Croft

Shenstone

Staffordshire

WS14 0ND

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

2,692

3,935

2,692

3,935

CURRENT ASSETS

Stocks

300

Debtors

-

110

Cash at bank

37,497

23,451

37,797

23,861

CREDITORS

Amounts falling due within one year

36,336

29,674

NET CURRENT ASSETS/(LIABILITIES)

1,461

(5,813

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,153

(1,878

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

4,151

(1,880

)

SHAREHOLDERS' FUNDS

4,153

(1,878

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 11 September 2014 and were signed by:

D Wilson - Director

1.	ACCOUNTING POLICIES

Accounting convention

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 net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill is amortised in equal instalments over its estimated useful life, except where it has been identified as

impaired in the period, in which case it is written down as appropriate.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Going concern

The accounts are prepared on the going concern principle on the basis that the company continues to be

supported by the director.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

18,000

AMORTISATION

At 1 January 2013

and 31 December 2013

18,000

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

5,970

DEPRECIATION

At 1 January 2013

2,035

Charge for year

1,243

At 31 December 2013

3,278

NET BOOK VALUE

At 31 December 2013

2,692

At 31 December 2012

3,935

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

2

Ordinary

£1

2

Lomathan Limited - Limited company - abbreviated - 11.0.0

Lomathan Limited - Limited company - abbreviated - 11.0.0