Registered Number 06785499
LITTLE EMPERORS & CO. LIMITED
Abbreviated Accounts
31 January 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
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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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
Plant and Machinery reducing balance 25%
Fixtures and Fittings reducing balance 25%
Other accounting policies
The accounts have been prepared on a going concern basis although at the balance sheet date the company has net liabilities of £150,907.
The directors consider the going concern basis to be appropriate because in their opinion the company will continue to obtain sufficient funding from the other creditors and the director on whom it is dependent to enable it to pay its debts as they fall due.
If the company was unable to obtain sufficient funding to enable it to pay debts as they fall due, it would be unable to continue trading and adjustments would have to be made to reduce the value of the assets to their realisable amount and to provide for any further liabilities which might arise.
Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and
liabilities recognised have not been discounted.
£ | |
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Cost | |
At 1 February 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 January 2015 |
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Depreciation | |
At 1 February 2014 |
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Charge for the year |
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On disposals |
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At 31 January 2015 |
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Net book values | |
At 31 January 2015 | 4,699 |
At 31 January 2014 | 6,266 |