Associated Liver Launderettes Ltd

		2014		2013
	Notes	£	£	£	£
FIXED ASSETS
Tangible assets	2		636,088		479,451
Investments	3		-		187

			636,088		479,638
CURRENT ASSETS
Stocks		129,017		124,501
Debtors		258,458		263,115
Cash at bank and in hand		3,001		30,413

		390,476		418,029
Creditors: Amounts Falling Due Within One Year		(693,905)		(581,762)

NET CURRENT ASSETS (LIABILITIES)			(303,429)		(163,733)

TOTAL ASSETS LESS CURRENT LIABILITIES			332,659		315,905

NET ASSETS			332,659		315,905

CAPITAL AND RESERVES
Called up share capital	4		5,000		5,000
Profit and Loss account			327,659		310,905

SHAREHOLDERS' FUNDS			332,659		315,905

For the year ending 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

On behalf of the board

Mr John Trapp

26/11/2014

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	no depreciation
Plant & Machinery	20% straight line
Motor Vehicles	25% reducing balance

Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Tangible Assets


	Total
Cost	£
As at 1 April 2013	794,937
Additions	165,307

As at 31 March 2014	960,244

Depreciation
As at 1 April 2013	315,486
Provided during the period	8,670

As at 31 March 2014	324,156

Net Book Value
As at 31 March 2014	636,088

As at 1 April 2013	479,451

Page 3

Associated Liver Launderettes Ltd

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 March 2014

Share Capital

	Value	Number	2014	2013
Allotted, called up and fully paid:	£		£	£
Ordinary A shares	1.000	4500	4,500	4,500

Ordinary B shares	1.000	500	500	500




		5000	5,000	5,000