LSI NETWORK LIMITED

Company Registration Number:
05719580 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 March 2015

End date: 28 February 2016

LSI NETWORK LIMITED

Abbreviated Balance sheet

As at 28 February 2016


Notes

2016
£

2015
£
Fixed assets
Tangible assets: 2 711 948
Total fixed assets: 711 948
Current assets
Debtors: 3,334 1,027
Cash at bank and in hand: 2,078 373
Total current assets: 5,412 1,400
Creditors: amounts falling due within one year: ( 2,516 ) ( 10,826 )
Net current assets (liabilities): 2,896 ( 9,426 )
Total assets less current liabilities: 3,607 ( 8,478 )
Total net assets (liabilities): 3,607 ( 8,478 )

The notes form part of these financial statements

LSI NETWORK LIMITED

Balance sheet continued

As at 28 February 2016


Notes

2016
£

2015
£
Capital and reserves
Called up share capital: 3 100 100
Profit and loss account: 3,507 ( 8,578 )
Shareholders funds: 3,607 ( 8,478 )

For the year ending 28 February 2016 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 2015.

The financial statements were approved by the Board of Directors on 26 November 2016

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mark Olivier
Status: Director

The notes form part of these financial statements

LSI NETWORK LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 28 February 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

    Turnover policy

    Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers

    Tangible fixed 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:

    Office equipment: 25% reducing balance basis

LSI NETWORK LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 28 February 2016

  • 2. Tangible assets

    Total
    Cost £
    01 March 2015: 4,313
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    28 February 2016: 4,313
    Depreciation
    01 March 2015: 3,365
    Charge for year: 237
    On disposals: 0
    Other adjustments: 0
    28 February 2016: 3,602
    Net book value
    28 February 2016: 711
    28 February 2015: 948

LSI NETWORK LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 28 February 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100

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