Louis France Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01038020 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2014

for

Louis France Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

G Taylor

Mrs C A Taylor

SECRETARY:

Mrs C A Taylor

REGISTERED OFFICE:

Unit 4

Prospect Works

Prospect Street

Huddersfield

West Yorkshire

HD1 2NU

REGISTERED NUMBER:

01038020 (England and Wales)

ACCOUNTANTS:

Balance Accountants

Victoria Court

91 Huddersfield Road

Holmfirth

West Yorkshire

HD9 3JA

FIXED ASSETS

Intangible assets

2

1,174

1,468

Tangible assets

3

11,158

3,639

12,332

5,107

CURRENT ASSETS

Stocks

87,360

87,807

Debtors

97,830

144,946

Cash at bank and in hand

212,660

190,494

397,850

423,247

CREDITORS

Amounts falling due within one year

77,427

94,398

NET CURRENT ASSETS

320,423

328,849

TOTAL ASSETS LESS CURRENT LIABILITIES

332,755

333,956

PROVISIONS FOR LIABILITIES

2,215

671

NET ASSETS

330,540

333,285

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Profit and loss account

320,540

323,285

SHAREHOLDERS' FUNDS

330,540

333,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 11 July 2014 and were signed on its behalf by:

G Taylor - 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 April 2008).

Turnover

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

Website

The website, which allows sales transactions to take place, was purchased in 2009. It is to be amortised evenly

over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% 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 May 2013

and 30 April 2014

2,938

AMORTISATION

At 1 May 2013

1,470

Amortisation for year

294

At 30 April 2014

1,764

NET BOOK VALUE

At 30 April 2014

1,174

At 30 April 2013

1,468

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

81,298

Additions

10,023

At 30 April 2014

91,321

DEPRECIATION

At 1 May 2013

77,659

Charge for year

2,504

At 30 April 2014

80,163

NET BOOK VALUE

At 30 April 2014

11,158

At 30 April 2013

3,639

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10,000

Ordinary

£1

10,000

10,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2014 and

30 April 2013:

2014

2013

£

£

Mrs C A Taylor and G Taylor

Balance outstanding at start of year

56,142

-

Amounts advanced

44,564

100,142

Amounts repaid

(94,000

)

(44,000

)

Balance outstanding at end of year

6,706

56,142

Interest has been charged at 4% on any overdrawn directors loan account balances.