Registration number:
Unaudited
Abbreviated Accounts
for the
Year Ended
Lynne Russell Ltd.
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3 ) have been prepared.
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Lynne Russell Ltd.
for the Year Ended 30 April 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Lynne Russell Ltd. for the year ended 30 April 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
It is your duty to ensure that Lynne Russell Ltd. has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Lynne Russell Ltd.. You consider that Lynne Russell Ltd. is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Lynne Russell Ltd.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Total Accounting Ltd.
Moncrieff House
10 Moncrieff Street
Paisley
Renfrewshire
PA3 2BE
16 November 2015
Lynne Russell Ltd.
(Registration number: SC267163)
Abbreviated Balance Sheet at 30 April 2015
Note |
2015
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2014
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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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( |
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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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Approved by the director on
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Lynne Allison Murton
Director
2
Lynne Russell Ltd.
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued
Accounting policies |
Basis of preparation
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual
value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Salon equipment |
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Stock
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 May 2014 |
3,427 |
3,427 |
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At 30 April 2015 |
3,427 |
3,427 |
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Depreciation |
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At 1 May 2014 |
3,427 |
3,427 |
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At 30 April 2015 |
3,427 |
3,427 |
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Net book value |
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At 30 April 2015 |
- |
- |
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At 30 April 2014 |
- |
- |
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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