LMS Vehicle Solutions Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 09339325 (England and Wales)

Abbreviated Accounts

for the Period 3 December 2014 to 30 September 2015

for

LMS Vehicle Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

L Byton

M Westgate

REGISTERED OFFICE:

Unit 5d Highfields Business Park

Old North Road, Bassingbourn

Royston

SG8 5JT

REGISTERED NUMBER:

09339325 (England and Wales)

FIXED ASSETS

Tangible assets

2

20,488

CURRENT ASSETS

Stocks

1,000

Debtors

920

Cash at bank

6,475

8,395

CREDITORS

Amounts falling due within one year

(25,381

)

NET CURRENT LIABILITIES

(16,986

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,502

PROVISIONS FOR LIABILITIES

(447

)

NET ASSETS

3,055

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

2,955

SHAREHOLDERS' FUNDS

3,055

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 22 June 2016 and were signed on its behalf by:

M Westgate - Director

L Byton - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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 etc

-

25% on reducing balance and 20% on reducing balance

Stocks

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

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

25,764

At 30 September 2015

25,764

DEPRECIATION

Charge for period

5,276

At 30 September 2015

5,276

NET BOOK VALUE

At 30 September 2015

20,488

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.