Latitude 83 Ltd - Period Ending 2016-05-31

Registration number: 09035858

Latitude 83 Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2016
 

Latitude 83 Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Latitude 83 Ltd
(Registration number: 09035858)
Abbreviated Balance Sheet at 31 May 2016

		Note			31 May 2016 £			31 May 2015 £
Fixed assets
Tangible fixed assets					2,006			836
Current assets
Debtors					-			11,070
Cash at bank and in hand					17,405			22,754
					17,405			33,824
Creditors: Amounts falling due within one year					(18,098)			(20,435)
Net current (liabilities)/assets					(693)			13,389
Net assets					1,313			14,225
Capital and reserves
Called up share capital		3			10			10
Profit and loss account					1,303			14,215
Shareholders' funds					1,313			14,225

For the year ending 31 May 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 his 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 5 August 2016

.........................................
Mr Timothy Beardmore
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Latitude 83 Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 May 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 tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
computer	33.33% on cost

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2015		860			860
Additions		1,637			1,637
At 31 May 2016		2,497			2,497
Depreciation
At 1 June 2015		24			24
Charge for the year		467			467
At 31 May 2016		491			491
Net book value
At 31 May 2016		2,006			2,006
At 31 May 2015		836			836

3	Share capital

Allotted, called up and fully paid shares

	31 May 2016						31 May 2015
		No.			£			No.			£
Ordinary of £1 each		10			10			10			10

Page 2