LIPTON_PLANT_ARCHITECTS_L - Accounts

CORSTORPHINE & WRIGHT (LONDON) LTD - Company Information

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Company Registration No. 04527231 (England and Wales)

LIPTON PLANT ARCHITECTS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

LIPTON PLANT ARCHITECTS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

LIPTON PLANT ARCHITECTS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

5,049

4,737

Current assets

Debtors

171,394

184,690

Cash at bank and in hand

77,554

71,611

248,948

256,301

Creditors: amounts falling due within one year

(152,068)

(154,510)

Net current assets

96,880

101,791

Total assets less current liabilities

101,929

106,528

Capital and reserves

Called up share capital

Profit and loss account

101,909

106,508

Shareholders' funds

101,929

106,528

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 March 2016

E C Lipton

J E Plant

Director

Company Registration No. 04527231

LIPTON PLANT ARCHITECTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33% straight line

Fixtures, fittings & equipment

25% straight line

1.5

Revenue recognition

Fee income represents revenue earned under a wide variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors and payments on account in excess of the relevant amount of revenue are included in creditors.

Fee income that is contingent on events outside the control of the firm is recognised when the contingent event occurs.

1.6

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

LIPTON PLANT ARCHITECTS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 October 2014

41,798

Additions

2,652

Disposals

(2,974)

At 30 September 2015

41,476

Depreciation

At 1 October 2014

34,088

On disposals

(2,974)

Charge for the year

5,313

At 30 September 2015

36,427

Net book value

At 30 September 2015

5,049

At 30 September 2014

4,737

Share capital

2015

2014

Allotted, called up and fully paid

200 Ordinary of 10p each