Registered number
Abbreviated Accounts
31 December 2012
Registered number: 00383301
Abbreviated Balance Sheet
as at 31 December 2012
Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 913,806 966,264
Current assets
Stocks 313,333 294,909
Debtors 511,989 484,010
Cash at bank and in hand 93,131 97,616
918,453 876,535
Creditors: amounts falling due within one year (331,206) (359,227)
Net current assets 587,247 517,308
Total assets less current liabilities 1,501,053 1,483,572
Creditors: amounts falling due after more than one year - (10,828)
Provisions for liabilities (78,904) (80,694)
Net assets 1,422,149 1,392,050
Capital and reserves
Called up share capital 3 30,000 30,000
Revaluation reserve 181,497 181,497
Profit and loss account 1,210,652 1,180,553
Shareholders' funds 1,422,149 1,392,050
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
S Bentley
Approved by the board on 9 February 2013
Notes to the Abbreviated Accounts
for the year ended 31 December 2012
1 Accounting policies
Basis of preparation
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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% on reducing balance
Motor vehicles 25% on reducing balance
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2 Tangible fixed assets £
At 1 January 2012 1,929,183
Additions 41,802
At 31 December 2012 1,970,985
At 1 January 2012 962,919
Charge for the year 94,260
At 31 December 2012 1,057,179
Net book value
At 31 December 2012 913,806
At 31 December 2011 966,264
3 Share capital Nominal 2012 2012 2011
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 30,000 30,000 30,000
LANCASHIRE SAW COMPANY LIMITED 00383301 false true 2012-01-01 2012-12-31 2012-12-31 S Bentley 00383301 uk-bus:OrdinaryShareClass1 2011-12-31 00383301 2012-01-01 2012-12-31 00383301 uk-bus:Director40 2012-01-01 2012-12-31 00383301 uk-gaap:PlantMachinery 2012-01-01 2012-12-31 00383301 uk-gaap:MotorVehicles 2012-01-01 2012-12-31 00383301 uk-bus:OrdinaryShareClass1 2012-01-01 2012-12-31 00383301 2012-12-31 00383301 uk-bus:OrdinaryShareClass1 2012-12-31 00383301 2011-12-31 iso4217:GBP xbrli:shares



  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.