Registration number:
for the Year Ended
Leverets Services Limited
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Leverets Services Limited
Company Information
Directors |
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Company secretary |
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Registered office |
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Accountants |
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Leverets Services Limited
Directors' Report for the Year Ended 31 March 2015
The directors present their report and the unaudited financial statements for the year ended 31 March 2015.
Directors of the company
The directors who held office during the year were as follows:
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
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A J Hare
Director
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Leverets Services Limited
for the Year Ended 31 March 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Leverets Services Limited for the year ended 31 March 2015 set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of Leverets Services Limited, as a body, in accordance with the terms of our engagement letter dated 13 December 2010 . Our work has been undertaken solely to prepare for your approval the accounts of Leverets Services Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Leverets Services Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Leverets Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Leverets Services Limited. You consider that Leverets Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Leverets Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Redshield Business Solutions Limited
Chartered Accountants
Unit 2
Birchden Farm
Broadwater Forest Lane
Groombridge, Tunbridge Wells
Kent
TN3 9NR
23 June 2015
Leverets Services Limited
Profit and Loss Account for the Year Ended 31 March 2015
Note |
2015
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2014
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Turnover |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Operating profit |
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Other interest receivable and similar income |
- |
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Profit on ordinary activities before taxation |
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Tax on profit on ordinary activities |
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Profit for the financial year |
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4
Leverets Services Limited
(Registration number: 03693165)
Balance Sheet at 31 March 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved and authorised for issue by the Board on
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A J Hare
Director
5
Leverets Services Limited
Notes to the Financial Statements for the Year Ended 31 March 2015
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Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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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 |
Office equipment |
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Hire purchase and leasing
Financial instruments
Leverets Services Limited
Notes to the Financial Statements for the Year Ended 31 March 2015
......... continued
Operating profit |
Operating profit is stated after charging:
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2014
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Depreciation of tangible fixed assets |
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Directors' remuneration |
The directors' remuneration for the year was as follows:
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2014
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Remuneration |
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Taxation |
Tax on profit on ordinary activities
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2014
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Current tax |
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Corporation tax charge |
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Intangible fixed assets |
Goodwill
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Total
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Cost |
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At 1 April 2014 |
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At 31 March 2015 |
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Amortisation |
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At 1 April 2014 |
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At 31 March 2015 |
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Net book value |
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At 31 March 2015 |
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At 31 March 2014 |
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Leverets Services Limited
Notes to the Financial Statements for the Year Ended 31 March 2015
......... continued
Tangible fixed assets |
Office equipment
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Total
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Cost or valuation |
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At 1 April 2014 |
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Additions |
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At 31 March 2015 |
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Depreciation |
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At 1 April 2014 |
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Charge for the year |
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At 31 March 2015 |
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Net book value |
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At 31 March 2015 |
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At 31 March 2014 |
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Debtors |
2015
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2014
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Other debtors |
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Creditors: Amounts falling due within one year |
2015
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2014
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Corporation tax |
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Other taxes and social security |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Leverets Services Limited
Notes to the Financial Statements for the Year Ended 31 March 2015
......... continued
Dividends |
2015
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2014
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Dividends paid |
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Current year interim dividend paid |
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Reserves |
Profit and loss account
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Total
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At 1 April 2014 |
2,542 |
2,542 |
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Profit for the year |
21,121 |
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Dividends |
(20,000) |
( |
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At 31 March 2015 |
3,663 |
3,663 |
Related party transactions |
Other related party transactions |
During the year the company made the following related party transactions: |
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Control |
The company is controlled by the directors who own 100% of the called up share capital.