Abbreviated Company Accounts - LINGSCARS.COM LIMITED

Abbreviated Company Accounts - LINGSCARS.COM LIMITED

LINGSCARS.COM LIMITED - Company Information

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Registered Number 06178634

LINGSCARS.COM LIMITED

Abbreviated Accounts

31 March 2016

LINGSCARS.COM LIMITED Registered Number 06178634

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,058,534 793,519
1,058,534 793,519
Current assets
Debtors 65,424 166,559
Cash at bank and in hand 49,234 217,921
114,658 384,480
Creditors: amounts falling due within one year (122,502) (190,176)
Net current assets (liabilities) (7,844) 194,304
Total assets less current liabilities 1,050,690 987,823
Creditors: amounts falling due after more than one year (310,906) (336,679)
Total net assets (liabilities) 739,784 651,144
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 738,784 650,144
Shareholders' funds 739,784 651,144
  • For the year ending 31 March 2016 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 13 June 2016

And signed on their behalf by:
Ling Valentine, Director
Jonathan Valentine, Director

LINGSCARS.COM LIMITED Registered Number 06178634

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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.

2Tangible fixed assets
£
Cost
At 1 April 2015 895,988
Additions 342,697
Disposals (60,406)
Revaluations -
Transfers -
At 31 March 2016 1,178,279
Depreciation
At 1 April 2015 102,469
Charge for the year 34,130
On disposals (16,854)
At 31 March 2016 119,745
Net book values
At 31 March 2016 1,058,534
At 31 March 2015 793,519