Abbreviated Company Accounts - LVW HIGHWAYS LTD

Abbreviated Company Accounts - LVW HIGHWAYS LTD


Registered Number 07255498

LVW HIGHWAYS LTD

Abbreviated Accounts

31 May 2016

LVW HIGHWAYS LTD Registered Number 07255498

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,155 1,540
1,155 1,540
Current assets
Debtors 34,986 35,548
Cash at bank and in hand 6,845 19,544
41,831 55,092
Creditors: amounts falling due within one year (26,840) (34,103)
Net current assets (liabilities) 14,991 20,989
Total assets less current liabilities 16,146 22,529
Total net assets (liabilities) 16,146 22,529
Capital and reserves
Called up share capital 3 20 20
Profit and loss account 16,126 22,509
Shareholders' funds 16,146 22,529
  • 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 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 13 January 2017

And signed on their behalf by:
P Lacey, Director

LVW HIGHWAYS LTD Registered Number 07255498

Notes to the Abbreviated Accounts for the period ended 31 May 2016

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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 June 2015 3,793
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 3,793
Depreciation
At 1 June 2015 2,253
Charge for the year 385
On disposals -
At 31 May 2016 2,638
Net book values
At 31 May 2016 1,155
At 31 May 2015 1,540
3Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
20Ordinary shares of £1 each 20 20