Registered Number SC261932
LAPWINGS LIMITED
Abbreviated Accounts
31 January 2016
Notes | 2016 | 2015 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
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 (liabilities) |
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( |
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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 |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 20% reducing balance
Fixtures, fittings and equipment - 20% reducing balance and 33.33% straight line
Motor vehicles - 25% reducing balance
Valuation information and policy
Stock is valued at the lower of cost and net realisable value.
Other accounting policies
The director has concluded that there are no material uncertainties which may cast significant doubt about the ability of the company to continue to trade for the foreseeable future. He has therefore adopted the going concern basis for the preparation of the accounts.
£ | |
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Cost | |
At 1 February 2015 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 31 January 2016 |
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Depreciation | |
At 1 February 2015 |
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Charge for the year |
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On disposals |
( |
At 31 January 2016 |
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Net book values | |
At 31 January 2016 | 34,290 |
At 31 January 2015 | 35,085 |