Abbreviated Company Accounts - LONDON COLLEGE OF FURTHER EDUCATION LTD

Registered Number 07063032

LONDON COLLEGE OF FURTHER EDUCATION LTD

Abbreviated Accounts

31 October 2013

LONDON COLLEGE OF FURTHER EDUCATION LTD Registered Number 07063032

Abbreviated Balance Sheet as at 31 October 2013

	2013	2012
	£	£
Current assets
Cash at bank and in hand	15,303	7,921
	15,303	7,921
Creditors: amounts falling due within one year	(14,607)	(7,857)
Net current assets (liabilities)	696	64
Total assets less current liabilities	696	64
Total net assets (liabilities)	696	64
Capital and reserves
Called up share capital	20	20
Profit and loss account	676	44
Shareholders' funds	696	64

For the year ending 31 October 2013 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 directors acknowledge their 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 Board on 30 July 2014

And signed on their behalf by:
L Karki, Director

LONDON COLLEGE OF FURTHER EDUCATION LTD Registered Number 07063032

Notes to the Abbreviated Accounts for the period ended 31 October 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Other accounting policies
Stocks
Stock is valued at the lower of cost and net realisable value.

Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.