Registered Number 04669241
MICHAEL LAWRENCE LIMITED
Abbreviated Accounts
31 March 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Intangible assets | 2 |
|
|
Tangible assets | 3 |
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|
|
|
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Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital | 4 |
|
|
Profit and loss account |
( |
( |
|
Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Going concern
At the balance sheet date, the company's liabilities exceeded its assets. The company has received assurance from the director's that they will continue to give financial support to the company. On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis.
Turnover policy
Tangible assets depreciation policy
Motor vehicles – 25% on written down value
Equipment, fixtures and fittings – 15% on written down value
Plant and Machinery - 15% on written down value
Intangible assets amortisation policy
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:-
Goodwill - 5% on cost
Valuation information and policy
Other accounting policies
£ | |
---|---|
Cost | |
At 1 April 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2015 |
|
Amortisation | |
At 1 April 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 March 2015 |
|
Net book values | |
At 31 March 2015 | 8,000 |
At 31 March 2014 | 9,000 |
£ | |
---|---|
Cost | |
At 1 April 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 March 2015 |
|
Depreciation | |
At 1 April 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 March 2015 |
|
Net book values | |
At 31 March 2015 | 4,314 |
At 31 March 2014 | 2,130 |