Registered Number 04139566
LIFE PROTECT LTD.
Abbreviated Accounts
30 April 2015
Notes | 2015 | 2014 | |
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Called up share capital not paid |
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Fixed assets | |||
Intangible assets |
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Tangible assets |
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Investments |
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Current assets | |||
Stocks |
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Debtors |
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Investments |
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Cash at bank and in hand |
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Prepayments and accrued income |
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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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Creditors: amounts falling due after more than one year |
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Provisions for liabilities |
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Accruals and deferred income |
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Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital |
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Share premium account |
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Revaluation reserve |
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Other reserves |
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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
Office equipment: 25% reducing balance
Computer equipment: 25% reducing balance
Intangible assets amortisation policy
off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years.
Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an
asset may not be fully recoverable.
Valuation information and policy
allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate
proportion of fixed and variable overheads.
Other accounting policies
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under
finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to the profit and loss account over the relevant period.
The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over
the period of the lease.
Research and Development Expenditure on research and development is written off in the year in which it
is incurred.
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the
treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates
of tax that are expected to apply in the periods when the timing differences will reverse and has not been
discounted.