Registered number
Abbreviated Accounts
31 December 2013
Registered number: 00383301
Abbreviated Balance Sheet
as at 31 December 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 887,861 913,806
Current assets
Stocks 307,871 313,333
Debtors 508,275 511,989
Cash at bank and in hand 241,124 93,131
1,057,270 918,453
Creditors: amounts falling due within one year (407,983) (331,206)
Net current assets 649,287 587,247
Total assets less current liabilities 1,537,148 1,501,053
Provisions for liabilities (71,046) (78,904)
Net assets 1,466,102 1,422,149
Capital and reserves
Called up share capital 3 30,000 30,000
Revaluation reserve 181,497 181,497
Profit and loss account 1,254,605 1,210,652
Shareholders' funds 1,466,102 1,422,149
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 14 February 2014
Notes to the Abbreviated Accounts
for the year ended 31 December 2013
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 2013 1,970,985
Additions 63,915
Disposals (334,913)
At 31 December 2013 1,699,987
At 1 January 2013 1,057,179
Charge for the year 89,860
On disposals (334,913)
At 31 December 2013 812,126
Net book value
At 31 December 2013 887,861
At 31 December 2012 913,806
3 Share capital Nominal 2013 2013 2012
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 2013-01-01 2013-12-31 2013-12-31 S Bentley 00383301 uk-bus:OrdinaryShareClass1 2012-12-31 00383301 2013-01-01 2013-12-31 00383301 uk-bus:Director40 2013-01-01 2013-12-31 00383301 uk-gaap:PlantMachinery 2013-01-01 2013-12-31 00383301 uk-gaap:MotorVehicles 2013-01-01 2013-12-31 00383301 uk-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 00383301 2013-12-31 00383301 uk-bus:OrdinaryShareClass1 2013-12-31 00383301 2012-12-31 iso4217:GBP xbrli:shares



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