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Abbreviated Unaudited Accounts |
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for the Year Ended 28 February 2015 |
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for |
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Lockhart Meyer Limited |
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Abbreviated Unaudited Accounts |
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for the Year Ended 28 February 2015 |
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for |
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Lockhart Meyer Limited |
Lockhart Meyer Limited (Registered number: 05472898) |
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Contents of the Abbreviated Accounts |
for the Year Ended 28 February 2015 |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Lockhart Meyer Limited |
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Company Information |
for the Year Ended 28 February 2015 |
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Directors: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Lockhart Meyer Limited (Registered number: 05472898) |
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Abbreviated Balance Sheet |
28 February 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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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 |
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The directors acknowledge their responsibilities for: |
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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. |
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The financial statements were approved by the Board of Directors on
by: |
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Lockhart Meyer Limited (Registered number: 05472898) |
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Notes to the Abbreviated Accounts |
for the Year Ended 28 February 2015 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents the value of goods sold during the period, net of VAT and trade discounts. Turnover is |
recognised when goods are physically delivered to the customer. |
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Turnover also represents the fair value of services provided under contracts with customers to the extent that |
there is a right to consideration. It is measured at the fair value of the consideration due. Where a service is |
incomplete at the year end, turnover represents the value of the service provided to that date based on an |
appropriate proportion of the total expected consideration at completion. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. Timing differences are differences between the taxable profits and the results as stated in the |
financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from |
those in which they are recognised in the financial statements. |
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A net deferred tax asset is regarded as recoverable and therefore recognised only when it can be regarded as |
more likely than not that there will be suitable taxable profits from which the future reversal of underlying timing |
differences can be deducted. |
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Deferred tax is not recognised when fixed assets are revalued unless by the balance sheet date there is a binding |
agreement to sell the revalued assets and the assets have been revalued to selling price. Neither is deferred tax |
recognised when fixed assets are sold and it is more likely than not that the taxable gain will be rolled over, being |
charged to tax only if and when replacement assets are sold. |
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Deferred tax is measured at the average rates that are expected to apply in the periods in which the timing |
differences are expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date. |
Deferred tax is measured on a non-discounted basis. |
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2. | TANGIBLE FIXED ASSETS |
Total |
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Cost |
At 1 March 2014 |
and 28 February 2015 |
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Depreciation |
At 1 March 2014 |
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Charge for year |
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At 28 February 2015 |
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Net book value |
At 28 February 2015 |
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At 28 February 2014 |
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Lockhart Meyer Limited (Registered number: 05472898) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 28 February 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | 1 |
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4. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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Included in creditors are amounts of £831 (2014 - (£7,265) and £7,833 owed to Mrs A Kirby and Mr M Taylor |
respectively who are directors of the company. |
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The loan is interest free and there are no fixed repayment terms. |
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Dividends amounting to £31,333 were declared during the year. |
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5. | ULTIMATE CONTROLLING PARTY |
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During the period, the company was under the control of Mrs A Kirby a director and 75% shareholders of the |
company. |