Company Registration No. 05989502 (England and Wales)
LUXTON & LUXTON LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
LUXTON & LUXTON LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
LUXTON & LUXTON LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
16,874
11,896
Current assets
Debtors
36,175
13,633
Cash at bank and in hand
137,850
87,256
174,025
100,889
Creditors: amounts falling due within one year
(99,244)
(67,561)
Net current assets
74,781
33,328
Total assets less current liabilities
91,655
45,224
Provisions for liabilities
(984)
(429)
90,671
44,795
Capital and reserves
Called up share capital
3
200
200
Profit and loss account
90,471
44,595
Shareholders' funds
90,671
44,795
For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 4 May 2016
Mr C Luxton
Director
Company Registration No. 05989502
LUXTON & LUXTON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the directors. On this basis the accounts have been prepared on a going concern basis.
1.2
Turnover
Turnover represents the provision of architectural and broadcasting services.
the provision of architectural and broadcasting services.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Freehold land and buildings
No depreciation provided
Computer equipment
20% reducing balance
Fixtures, fittings & equipment
20% reducing balance
1.4
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2014
21,058
Additions
7,737
At 30 November 2015
28,795
Depreciation
At 1 December 2014
9,162
Charge for the year
2,759
At 30 November 2015
11,921
Net book value
At 30 November 2015
16,874
At 30 November 2014
11,896
LUXTON & LUXTON LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
200 Ordinary shares of £1 each
200
200
4
Control
The
company is under the control of its director, Mr C Luxton, who owns 50% of the called up share capital.