Leverbrook (Export) Limited - Limited company - abbreviated

REGISTERED NUMBER: 01373414 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

LEVERBROOK (EXPORT) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

J G Winstanley

S V Williams

Mrs T Owens

SECRETARY:

Mrs T Owens

REGISTERED OFFICE:

33 Rock Lane West

Rock Ferry

Birkenhead

Cheshire

CH42 1RE

REGISTERED NUMBER:

01373414 (England and Wales)

ACCOUNTANTS:

Musker & Garrett Limited

Chartered Accountants

Edward House

North Mersey Business Centre

Knowsley Industrial Park

Liverpool

Merseyside

L33 7UY

FIXED ASSETS

Tangible assets

2

336,974

340,945

CURRENT ASSETS

Stocks

10,244

84,774

Debtors

798,257

684,356

Prepayments and accrued income

8,530

6,507

Cash at bank and in hand

157,293

6,121

974,324

781,758

CREDITORS

Amounts falling due within one year

742,208

611,918

NET CURRENT ASSETS

232,116

169,840

TOTAL ASSETS LESS CURRENT
LIABILITIES

569,090

510,785

CREDITORS

Amounts falling due after more than one
year

(7,293

)

(22,703

)

PROVISIONS FOR LIABILITIES

(8,990

)

(8,490

)

NET ASSETS

552,807

479,592

CAPITAL AND RESERVES

Called up share capital

3

1,145

Revaluation reserve

234,350

Profit and loss account

317,312

244,097

SHAREHOLDERS' FUNDS

552,807

479,592

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

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

(b)

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12 November 2014 and were signed on its behalf
by:

J G Winstanley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc.

-

at variable rates on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2013

503,504

Additions

11,649

Disposals

(8,123

)

At 31 March 2014

507,030

DEPRECIATION

At 1 April 2013

162,559

Charge for year

15,277

Eliminated on disposal

(7,780

)

At 31 March 2014

170,056

NET BOOK VALUE

At 31 March 2014

336,974

At 31 March 2013

340,945

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1,100

Ordinary

£1

1,100

20

Ordinary A

£1

20

10

Ordinary B

£1

10

Ordinary C

£1

10

5

Ordinary D

£1

5

1,145

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Leverbrook (Export) Limited for the year ended 31 March 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Leverbrook (Export) Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of

Leverbrook (Export) Limited and state those matters that we have agreed to state to the Board of Directors of

Leverbrook (Export) Limited, as a body, in this report in accordance with AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone

other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Leverbrook (Export) Limited has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Leverbrook

(Export) Limited. You consider that Leverbrook (Export) Limited is exempt from the statutory audit requirement for the

year.

We have not been instructed to carry out an audit or a review of the financial statements of Leverbrook (Export)

Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Musker & Garrett Limited

Chartered Accountants

Edward House

North Mersey Business Centre

Knowsley Industrial Park

Liverpool

Merseyside

L33 7UY

12 November 2014