Company Registration No. 06202806 (England and Wales)
L & A COMMUNICATIONS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
L & A COMMUNICATIONS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
L & A COMMUNICATIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
30 April 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
3,900
Tangible assets
2
1,333
1,778
1,333
5,678
Current assets
Debtors
34,255
24,435
Cash at bank and in hand
5,039
5,913
39,294
30,348
Creditors: amounts falling due within one year
(36,559)
(32,383)
Net current assets/(liabilities)
2,735
(2,035)
Total assets less current liabilities
4,068
3,643
Capital and reserves
Called up share capital
3
3
3
Profit and loss account
4,065
3,640
Shareholders' funds
4,068
3,643
For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 27 January 2016
M Casey
Director
Company Registration No. 06202806
L & A COMMUNICATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 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).
These financial statements have been prepared on a going concern basis which assumes that the company is dependent upon the continued support from the company's director. The director has considered the period ahead and addressed the company's performance in light of the current economic downturn. The director is confident that continued financial support to the company will be forthcoming for the foreseeable future to ensure that the company can meet its day-to-day commitments from cash flows. As a consequence, the director believes that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook. As such, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing the annual report and accounts.
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.3
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 20 years.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets 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:
Computer equipment
25% Reducing Balance Method
L & A COMMUNICATIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2014
6,000
5,100
11,100
Disposals
(6,000)
-
(6,000)
At 30 April 2015
-
5,100
5,100
Depreciation
At 1 May 2014
2,100
3,323
5,423
On disposals
(2,100)
-
(2,100)
Charge for the year
-
444
444
At 30 April 2015
-
3,767
3,767
Net book value
At 30 April 2015
-
1,333
1,333
At 30 April 2014
3,900
1,778
5,678
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
3 Ordinary Shares of £1 each
3
3
4
Related party relationships and transactions
Loans to directors
Loans to directors
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
3.25
21,663
91,742
354
80,717
33,042
21,663
91,742
354
80,717
33,042
The maximum amount outstanding during the period was £
33,042
. The loan was unsecured and repayable on demand.