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LGS BAR LTD




Company Registration Number:
06254448 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st April 2009

End date: 31st March 2010

SUBMITTED

LGS BAR LTD

Company Information
for the Period Ended
31st March 2010




Director: N Chubb
Registered office: Fairholme
Petersfield Road Ropley
Alresford
Hampshire
SO24 0EJ
Company Registration Number: 06254448 (England and Wales)

LGS BAR LTD

Abbreviated Balance sheet
As at 31st March 2010

Notes 2010
£
2009
£
Fixed assets
Intangible assets: 2 21,000 24,000
Total fixed assets: 21,000 24,000
Current assets
Stocks: 3,322 2,524
Cash at bank and in hand: 1,946 907
Total current assets: 5,268 3,431
Creditors
Creditors: amounts falling due within one year 25,099 26,135
Net current assets (liabilities): ( 19,831 ) ( 22,704 )
Total assets less current liabilities: 1,169 1,296
Total net assets (liabilities): 1,169 1,296

The notes form part of these financial statements

LGS BAR LTD

Abbreviated Balance sheet
As at 31st March 2010
continued

Notes 2010
£
2009
£
Capital and reserves
Called up share capital: 3 1 1
Profit and Loss account: 1,168 1,295
Total shareholders funds: 1,169 1,296

For the year ending 31 March 2010 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

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 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).

The financial statements were approved by the Board of Directors on 16 November 2010

SIGNED ON BEHALF OF THE BOARD BY:

Name: N Chubb
Status: Director

The notes form part of these financial statements

LGS BAR LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2010

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

    Turnover represents the invoiced amount of products sold net of value added tax.

    Intangible fixed assets amortisation policy

    Goodwill Goodwill represents the excess of cost of acquisition over the fair value of the separable net assets acquired. Goodwill is amortised through the profit and loss account in equal instalments over its estimated useful life.

    Other accounting policies

    Stocks Stocks are valued at the lower of cost and net realisable value after making due allowance for slow moving items.

  • 2. Intangible assets

    Total
    Cost £
    At 01st April 2009: 30,000
    30,000
    Amortisation £
    At 01st April 2009: 6,000
    Provided during the period: 3,000
    At 31st March 2010: 9,000
    Net book value £
    At 31st March 2010: 21,000
    At 31st March 2009: 24,000

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2009
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1 1
    Total share capital: 1
    Current period 2010
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1 1
    Total share capital: 1