Loubek Blinds Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04576321 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2015

for

Loubek Blinds Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

L Haggitt

H J Haggitt

SECRETARY:

H J Haggitt

REGISTERED OFFICE:

Unit 1

Tom Thumb Industrial Estate

English Street

Kingston upon Hull

EAST YORKSHIRE

HU3 2BT

REGISTERED NUMBER:

04576321 (England and Wales)

ACCOUNTANTS:

Andrew Cooper & Company

Chartered Accountants

650 Anlaby Road

Kingston upon Hull

East Yorkshire

HU3 6UU

FIXED ASSETS

Tangible assets

2

8,426

3,831

CURRENT ASSETS

Stocks

3,950

3,500

Debtors

14,261

20,540

Cash at bank and in hand

63,100

72,152

81,311

96,192

CREDITORS

Amounts falling due within one year

62,791

63,058

NET CURRENT ASSETS

18,520

33,134

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,946

36,965

CAPITAL AND RESERVES

Called up share capital

3

101

Profit and loss account

26,845

36,864

SHAREHOLDERS' FUNDS

26,946

36,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 5 July 2016 and were signed on its behalf by:

H J Haggitt - Director

L Haggitt - 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 cost, 20% on cost and 15% 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.

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

At 1 November 2014

24,603

Additions

5,900

At 31 October 2015

30,503

DEPRECIATION

At 1 November 2014

20,772

Charge for year

1,305

At 31 October 2015

22,077

NET BOOK VALUE

At 31 October 2015

8,426

At 31 October 2014

3,831

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

100

Ordinary

£1

100

1

Ordinary "B"

£1

1

101