REGISTERED NUMBER: 07831941 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014

FOR

THE LINCOLNSHIRE RUNNER LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K Iley

SECRETARY:

Mrs A G Iley-Haigh

REGISTERED OFFICE:

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

07831941 (England and Wales)

FIXED ASSETS

Tangible assets

2

19,894

23,258

CURRENT ASSETS

Stocks

108,964

68,678

Debtors

3,030

3,026

Cash at bank and in hand

182,462

139,227

294,456

210,931

CREDITORS

Amounts falling due within one year

112,814

85,408

NET CURRENT ASSETS

181,642

125,523

TOTAL ASSETS LESS CURRENT LIABILITIES

201,536

148,781

PROVISIONS FOR LIABILITIES

2,562

2,935

NET ASSETS

198,974

145,846

CAPITAL AND RESERVES

Called up share capital

3

100,000

100,000

Profit and loss account

98,974

45,846

SHAREHOLDERS' FUNDS

198,974

145,846

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

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

The director acknowledges his 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 director on 21st December 2014 and were signed by:

K Iley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 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.

Improvements to leasehold premises

-

Straight line over 7 years

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

28,078

Additions

1,015

At 31st March 2014

29,093

DEPRECIATION

At 1st April 2013

4,820

Charge for year

4,379

At 31st March 2014

9,199

NET BOOK VALUE

At 31st March 2014

19,894

At 31st March 2013

23,258

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/14

31/3/13

value:

£

£

75,000

'A' Ordinary

£1

75,000

75,000

25,000

'B' Ordinary

£1

25,000

25,000

100,000

100,000

The 'A' Ordinary shares and the 'B' Ordinary shares rank pari passu in all regards except for rights to dividends.