Lyons Restoration Limited
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For the year ended 31 January 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08382112
Lyons Restoration Limited
For the year ended 31 January 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
Abbreviated Balance Sheet
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Lyons Restoration Limited
2016
2015
2
3,478
6,999
3,478
6,999
301
3,510
301
3,510
Creditors
:
amounts falling due within one year
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(16,169)
(19,384)
(12,659)
(19,083)
Net current liabilities
Total assets less current liabilities
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(15,605)
(5,660)
(15,605)
Net liabilities
(5,660)
100
3
100
(15,705)
(5,760)
(15,605)
(5,660)
Shareholders funds
For the year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
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2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
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Date approved by the board: 19 October 2016
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Mrs Katharina Lyons Director
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Signed on behalf of the board of directors
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1 of 3
Notes to the Abbreviated Financial Statements
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Lyons Restoration Limited
For the year ended 31 January 2016
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.
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Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
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Plant and Machinery
Motor Vehicles
14,084
14,084
7,085
3,521
Charge for year
10,606
3,478
6,999
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Notes to the Abbreviated Financial Statements
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Lyons Restoration Limited
For the year ended 31 January 2016
Allotted called up and fully paid
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2016
2015
100
Ordinary shares of £
1
.
00
each
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100
100
100
100
3 of 3