back to LIZROSE LIMITED detail LIZROSE LIMITED - Filleted accounts
Registered number
01248837
LIZROSE LIMITED
Filleted Accounts
31 December 2017
LIZROSE LIMITED
Registered number: 01248837
Balance Sheet
as at 31 December 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 1 563
Current assets
Debtors 3 17,026 160,146
Investments held as current assets 4 80,000 80,000
Cash at bank and in hand 68,879 28,270
165,905 268,416
Creditors: amounts falling due within one year 5 (42,557) (148,959)
Net current assets 123,348 119,457
Net assets 123,349 120,020
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 122,349 119,020
Shareholders' funds 123,349 120,020
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.
The 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I U Shah
Director
Approved by the board on 14 September 2018
LIZROSE LIMITED
Notes to the Accounts
for the year ended 31 December 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2017 3,288
At 31 December 2017 3,288
Depreciation
At 1 January 2017 2,725
Charge for the year 562
At 31 December 2017 3,287
Net book value
At 31 December 2017 1
At 31 December 2016 563
3 Debtors 2017 2016
£ £
Trade debtors 12,114 157,242
Other debtors 4,912 2,904
17,026 160,146
4 Investments held as current assets 2017 2016
£ £
Fair value
Unlisted investments 80,000 80,000
5 Creditors: amounts falling due within one year 2017 2016
£ £
Bank loans and overdrafts 1 1
Trade creditors 6,892 126,215
Taxation and social security costs 11,573 13,473
Other creditors 24,091 9,270
42,557 148,959
6 Other information
LIZROSE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
860-862 Garratt Lane
London
SW17 0NB
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