LOVETT_NURSERIES_LTD - Accounts
LOVETT_NURSERIES_LTD - Accounts
Company Registration No. 04512346 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2016
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Cash at bank and in hand
Creditors: amounts falling due within one year
(19,299 )
(16,718 )
Net current liabilities
(17,235 )
(14,818 )
Total assets less current liabilities
(17,215 )
(14,793 )
Capital and reserves
Called up share capital
3
Profit and loss account
(17,315 )
(14,893 )
Shareholders' funds
(17,215 )
(14,793 )
Director's responsibilities:
-
-
Approved by the Board for issue on 1 March 2017
Director
Company Registration No. 04512346
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
1.4
Goodwill
1.5
Tangible fixed assets and depreciation
Fixtures, fittings & equipment
Motor vehicles
1.6
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2015 & at 31 August 2016
31,050
Depreciation
At 1 September 2015
31,024
Charge for the year
-
6
At 31 August 2016
31,030
Net book value
At 31 August 2016
-
20
At 31 August 2015
-
25
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid