Registered Number 04972234
LANDSENSE LIMITED
Abbreviated Accounts
31 August 2015
Notes | 31/08/2015 | 31/03/2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
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Total net assets (liabilities) |
( |
( |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant & machinery - 25% reducing balance
Motor vehicles - 20% straight line
Other accounting policies
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
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.
Going Concern
In view of the cessation of trading, the accounts have been prepared on s basis other than that of a going concern. Assets are shown at their recoverable amounts and provision made for all known liabilities.
£ | |
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Cost | |
At 1 April 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 August 2015 |
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Depreciation | |
At 1 April 2014 |
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Charge for the year |
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On disposals |
( |
At 31 August 2015 |
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Net book values | |
At 31 August 2015 | 0 |
At 31 March 2014 | 5,905 |