Registration number:
for the Year Ended
L D Energy Solutions Limited
Contents
Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
L D Energy Solutions Limited
(Registration number: 8305440)
Abbreviated Balance Sheet as at 30 November 2016
Note |
2016 |
2015 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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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 |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders funds |
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For the year ending 30 November 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the director on
.........................................
Mr Lee Dalena
Director
L D Energy Solutions Limited
Notes to the Abbreviated Accounts
Accounting policies |
Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Intangible assets
Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.
Amortisation
Goodwill was amortised over three years
Asset class |
Amortisation method and rate |
Goodwill |
3 Years |
Depreciation
Depreciation is calculated to write off the asset over its economic life
Asset class |
Depreciation method and rate |
Plant & machinery |
4 years straight line |
Motor vehicles |
4 years straight line |
Office equipment |
3 years straight line |
Property Improvement |
4 years straight line |
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.
L D Energy Solutions Limited
Notes to the Abbreviated Accounts
Hire purchase and leasing
Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.
Fixed assets |
Intangible assets |
Tangible assets |
Total |
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Cost |
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At 1 December 2015 |
10,000 |
62,240 |
72,240 |
Additions |
- |
3,002 |
3,002 |
At 30 November 2016 |
10,000 |
65,242 |
75,242 |
Depreciation |
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At 1 December 2015 |
10,000 |
29,343 |
39,343 |
Charge for the year |
- |
16,059 |
16,059 |
At 30 November 2016 |
10,000 |
45,402 |
55,402 |
Net book value |
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At 30 November 2016 |
- |
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At 30 November 2015 |
- |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016 |
2015 |
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Amounts falling due within one year |
6,415 |
6,249 |
Amounts falling due after more than one year |
18,836 |
23,332 |
Total secured creditors |
25,251 |
29,581 |
L D Energy Solutions Limited
Notes to the Abbreviated Accounts
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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10 |
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10 |
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100 |
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100 |
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Related party transactions |
Transactions with directors |
2016 |
At 1 December 2015 |
Advances to directors |
Repayments by director |
Other payments made to company by director |
At 30 November 2016 |
Mr Lee Dalena |
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Directors loan |
2,803 |
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( |
- |
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2015 |
At 1 December 2014 |
Advances to directors |
Repayments by director |
Other payments made to company by director |
At 30 November 2015 |
Mr Lee Dalena |
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Directors loan |
7,097 |
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( |
- |
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Dividends paid to directors |
2016 |
2015 |
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Mr Lee Dalena |
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Dividends |
23,100 |
34,000 |
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