L_S_LAMINATING_LIMITED - Accounts

L.S. LAMINATING LIMITED - Company Information

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Company Registration No. 07300909 (England and Wales)

L S LAMINATING LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

Evolution Business and Tax Advisors LLP

Wynyard Park House

Wynyard Avenue

Wynyard

TS22 5TB

L S LAMINATING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

L S LAMINATING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

155,178

182,423

Current assets

Stocks

22,000

Debtors

70,851

134,506

Cash at bank and in hand

53,931

78,054

146,782

234,560

Creditors: amounts falling due within one year

(71,746)

(173,068)

Net current assets

75,036

61,492

Total assets less current liabilities

230,214

243,915

Provisions for liabilities

(22,829)

(26,476)

207,385

217,439

Capital and reserves

Called up share capital

100,000

Profit and loss account

107,385

117,439

Shareholders' funds

207,385

217,439

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

Director's 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 director acknowledges his 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 27 June 2016

Mr P F Pearson

Director

Company Registration No. 07300909

L S LAMINATING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 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:

Plant and machinery

15% reducing balance

Fixtures, fittings & equipment

10% reducing balance

1.5

Stock

Stock is valued at the lower of cost and net realisable value.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 December 2014 & at 30 November 2015

310,721

Depreciation

At 1 December 2014

128,297

Charge for the year

27,246

At 30 November 2015

155,543

Net book value

At 30 November 2015

155,178

At 30 November 2014

182,423

L S LAMINATING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 NOVEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100,000 ordinary shares of £1 each

100,000

Control

The company is controlled by J B Haddon by virtue of his majority shareholding.