Lessel Limited - Period Ending 2016-01-31

Registration number: 08458725

Lessel Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Lessel Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Lessel Limited
for the Year Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lessel Limited for the year ended 31 January 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Lessel Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Lessel Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lessel Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Lessel Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Lessel Limited. You consider that Lessel Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Lessel Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Flanton & Co
12 JOHN PRINCES STREET
LONDON
W1G 0JR

13 June 2016

Page 1

Lessel Limited
(Registration number: 08458725)
Abbreviated Balance Sheet at 31 January 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					732			975
Current assets
Debtors					5,699			-
Cash at bank and in hand					4,815			68,741
					10,514			68,741
Creditors: Amounts falling due within one year					(26,246)			(67,821)
Net current (liabilities)/assets					(15,732)			920
Net (liabilities)/assets					(15,000)			1,895
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(15,100)			1,795
Shareholders' (deficit)/funds					(15,000)			1,895

For the year ending 31 January 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 director acknowledges her 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 director on 13 June 2016

.........................................
Ms Mengru Li
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Lessel Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on reducing balance method.

Asset class	Depreciation method and rate
Office equipment	25% Reducing balance method

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		1,733			1,733
At 31 January 2016		1,733			1,733
Depreciation
At 1 February 2015		758			758
Charge for the year		243			243
At 31 January 2016		1,001			1,001
Net book value
At 31 January 2016		732			732
At 31 January 2015		975			975

Page 3

Lessel Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
ordinary share of £1 each		100			100			100			100

4

Control

The company is controlled by Allenek Ltd.

Page 4