LEONS MILITARIA LTD - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07875921 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

LEONS MILITARIA LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

L J Shrier

SECRETARY:

REGISTERED OFFICE:

Cambridge House

27 Cambridge Park

Wanstead

London

E11 2PU

REGISTERED NUMBER:

07875921 (England and Wales)

ACCOUNTANTS:

Tish Press & Company

Cambridge House

27 Cambridge Park

Wanstead

London

E11 2PU

FIXED ASSETS

Tangible assets

2

2,851

3,564

CURRENT ASSETS

Stocks

36,000

31,000

Debtors

887

3,502

Cash at bank

23,362

31,484

60,249

65,986

CREDITORS

Amounts falling due within one year

34,452

50,634

NET CURRENT ASSETS

25,797

15,352

TOTAL ASSETS LESS CURRENT LIABILITIES

28,648

18,916

PROVISIONS FOR LIABILITIES

29

18

NET ASSETS

28,619

18,898

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

28,618

18,897

SHAREHOLDERS' FUNDS

28,619

18,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 December 2014 and were signed by:

L J Shrier - 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.

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

-

20% on reducing balance

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

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

4,455

DEPRECIATION

At 1 April 2013

891

Charge for year

713

At 31 March 2014

1,604

NET BOOK VALUE

At 31 March 2014

2,851

At 31 March 2013

3,564

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

1

1

1