REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 28 February 2015 |
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for |
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Lazy Living Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 28 February 2015 |
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for |
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Lazy Living Limited |
Lazy Living Limited (Registered number: 05715575) |
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Contents of the Abbreviated Accounts |
for the year ended 28 February 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Lazy Living Limited |
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Company Information |
for the year ended 28 February 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Lazy Living Limited (Registered number: 05715575) |
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Abbreviated Balance Sheet |
28 February 2015 |
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2015 | 2014 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors |
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Cash at bank |
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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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CAPITAL AND RESERVES |
Called up share capital | 2 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
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preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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The financial statements were approved by the Board of Directors on
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Lazy Living Limited (Registered number: 05715575) |
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Notes to the Abbreviated Accounts |
for the year ended 28 February 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective April 2008). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small |
company. |
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Turnover |
Turnover represents contributions from tenants. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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A deferred tax asset is regarded as recoverable, and therefore recognised, only when, on the basis of all available evidence, it |
can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the |
underlying timing differences can be deducted. |
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Deferred tax is measured on a non-discounted basis at the average rates that are expected to apply in the periods in which the |
timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the |
balance sheet date. |
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Going concern |
The financial statements have been prepared on the going concern basis which the directors consider to be appropriate. |
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2. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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3. | ULTIMATE CONTROLLING PARTY |
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The company was under the control of its directors P Maloney and A Gillmore. |