La rg Enterprises Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: SC332645 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 2015

FOR

LA RG ENTERPRISES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A T Hazlewood

Mrs M E Hazlewood

SECRETARY:

Mrs M E Hazlewood

REGISTERED OFFICE:

Midlothian Innovation Centre

Pentlandfield

Edinburgh

EH25 9RE

REGISTERED NUMBER:

SC332645 (Scotland)

ACCOUNTANTS:

Mc Creath & Co, CA

Bank House

20A Strathearn Road

Edinburgh

EH9 2AB

FIXED ASSETS

Intangible assets

2

12,000

13,000

Tangible assets

3

4,049

6,264

16,049

19,264

CURRENT ASSETS

Stocks

2,090

580

Debtors

23,522

19,581

Cash at bank

29,239

14,928

54,851

35,089

CREDITORS

Amounts falling due within one year

36,945

34,789

NET CURRENT ASSETS

17,906

300

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,955

19,564

CREDITORS

Amounts falling due after more than one
year

1,395

2,682

NET ASSETS

32,560

16,882

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

32,460

16,782

SHAREHOLDERS' FUNDS

32,560

16,882

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 30 August 2016 and were signed on its behalf by:

A T Hazlewood - Director

Mrs M E Hazlewood - 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 and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

and 30 November 2015

20,000

AMORTISATION

At 1 December 2014

7,000

Amortisation for year

1,000

At 30 November 2015

8,000

NET BOOK VALUE

At 30 November 2015

12,000

At 30 November 2014

13,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

23,566

Additions

500

At 30 November 2015

24,066

DEPRECIATION

At 1 December 2014

17,302

Charge for year

2,715

At 30 November 2015

20,017

NET BOOK VALUE

At 30 November 2015

4,049

At 30 November 2014

6,264

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

50

Ordinary A

£1

50

Ordinary B

£1

50

100