Louis Montrose Limited
|
Registered number: |
07023003
|
Abbreviated Balance Sheet |
as at 28 February 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Investments |
2 |
|
|
16,501 |
|
|
16,501 |
|
Current assets |
Stocks |
|
|
5,361 |
|
|
- |
Debtors |
|
|
23,334 |
|
|
41,790 |
Cash at bank and in hand |
|
|
121,405 |
|
|
105,705 |
|
|
|
150,100 |
|
|
147,495 |
|
Creditors: amounts falling due within one year |
|
|
(79,343) |
|
|
(65,484) |
|
Net current assets |
|
|
|
70,757 |
|
|
82,011 |
|
Net assets |
|
|
|
87,258 |
|
|
98,512 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
1,000 |
|
|
1,000 |
Profit and loss account |
|
|
|
86,258 |
|
|
97,512 |
|
Shareholders' funds |
|
|
|
87,258 |
|
|
98,512 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
J P Quantrill |
Director |
Approved by the board on 3 November 2015
|
|
Louis Montrose Limited
|
Notes to the Abbreviated Accounts |
for the year ended 28 February 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Change of year end |
|
On 10th December 2013, the Directors of the company changed the year end from 31st August to 28th February. Accordingly, the comparative figures are for the period from 1st September 2012 to 28th February 2014. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
|
2 |
Investments |
£ |
|
|
Cost |
|
At 1 March 2014 |
16,501 |
|
|
At 28 February 2015 |
16,501 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
Capital and |
Profit (loss) |
|
Company |
Shares held |
reserves |
for the year |
|
|
Class |
% |
£ |
£ |
|
Dernier & Hamlyn Holdings Limited |
Ordinary |
95 |
|
1,706,542 |
|
3,393 |
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
1,000 |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|