Registered Number 05719580

LSI NETWORK LIMITED

Abbreviated Accounts

28 February 2014

LSI NETWORK LIMITED Registered Number 05719580

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Called up share capital not paid - -
Fixed assets
Tangible assets 2 1,264 1,686
1,264 1,686
Current assets
Debtors 3 2,576 1,608
Cash at bank and in hand 1,161 1,091
3,737 2,699
Creditors: amounts falling due within one year (16,953) (21,950)
Net current assets (liabilities) (13,216) (19,251)
Total assets less current liabilities (11,952) (17,565)
Creditors: amounts falling due after more than one year 0 0
Total net assets (liabilities) (11,952) (17,565)
Capital and reserves
Called up share capital 100 100
Share premium account 14,602 14,602
Profit and loss account (26,654) (32,267)
Shareholders' funds (11,952) (17,565)
  • For the year ending 28 February 2014 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.

Approved by the Board on 31 October 2014

And signed on their behalf by:
Mark Olivier, Director

LSI NETWORK LIMITED Registered Number 05719580

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset Class Depreciation method and rate
Office equipment 25% reducing balance basis

2 Tangible fixed assets
£
Cost
At 1 March 2013 4,313
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 28 February 2014 4,313
Depreciation
At 1 March 2013 2,627
Charge for the year 422
On disposals 0
At 28 February 2014 3,049
Net book values
At 28 February 2014 1,264
At 28 February 2013 1,686
3 Debtors

Other debtors £2,576


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