true
Lyteze Products Limited
00316970
2016-03-31
-28044
-22920
4271
9395
2000
2000
30315
30315
4271
9395
4271
9395
4271
9395
13622
15585
17893
24980
7170
10320
10663
14657
60
3
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Plant & Machinery
5 years straight line
0.2000
Fixtures & Fittings
Reducing balance @ 20%
0.2000
Office Equipment
4 Years straight line
0.2500
Leasehold Property
10 yeaers straight line
0.0000
14138
14138
14138
14138
14138
14138
14138
14138
Ordinary
8000
0.25
2000
2000
Ordinary
0.25
2000
2000
8000
2016-12-13
Mr A R Cook
Mrs A P Cook
Director
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Lyteze Products Limited
2015-04-01
2016-03-31
Lyteze Products Limited
2014-04-01
2015-03-31
Lyteze Products Limited
2014-03-31
Lyteze Products Limited
2015-03-31
Lyteze Products Limited
2015-03-31
Lyteze Products Limited
2016-03-31
2016-12-27