Registered Number 08993768

LIFETREE WORLD LIMITED

Abbreviated Accounts

31 January 2016

LIFETREE WORLD LIMITED Registered Number 08993768

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 21,446 -
21,446 -
Current assets
Stocks 77,000 -
Debtors 128,000 -
Cash at bank and in hand 9,338 100
214,338 100
Creditors: amounts falling due within one year (231,826 ) -
Net current assets (liabilities) (17,488 ) 100
Total assets less current liabilities 3,958 100
Total net assets (liabilities) 3,958 100
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 3,858 -
Shareholders' funds 3,958 100

  • For the year ending 31 January 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.

Approved by the Board on 31 October 2016

And signed on their behalf by:
Gurdial Singh, Director

LIFETREE WORLD LIMITED Registered Number 08993768

Notes to the Abbreviated Accounts for the period ended 31 January 2016

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 January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 15% reducing balance
Motor vehicles - 25% reducing balance

Valuation information and policy
Stock
Stock is valued at the lower of cost and net realisable value.

2 Tangible fixed assets
£
Cost
At 1 February 2015 -
Additions 27,810
Disposals -
Revaluations -
Transfers -
At 31 January 2016 27,810
Depreciation
At 1 February 2015 -
Charge for the year 6,364
On disposals -
At 31 January 2016 6,364
Net book values
At 31 January 2016 21,446
At 31 January 2015 -
3 Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
100 Ordinary shares of £1 each 100 100