Abbreviated Company Accounts

07962238 LUDIFI LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true 07962238 2013-01-01 2013-12-31 07962238 2013-12-31 07962238 2012-12-31 07962238 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 07962238 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number 07962238

LUDIFI LIMITED

Abbreviated Accounts

31 December 2013

LUDIFI LIMITED Registered Number 07962238

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	71	106
		71	106
Current assets
Debtors		30,701	12,656
Cash at bank and in hand		22,052	61,277
		52,753	73,933
Creditors: amounts falling due within one year		(8,756)	(6,426)
Net current assets (liabilities)		43,997	67,507
Total assets less current liabilities		44,068	67,613
Creditors: amounts falling due after more than one year		(12,904)	(649)
Provisions for liabilities		(14)	-
Total net assets (liabilities)		31,150	66,964
Capital and reserves
Called up share capital	3	1,506	1,456
Share premium account		174,534	149,560
Profit and loss account		(144,890)	(84,052)
Shareholders' funds		31,150	66,964

For the year ending 31 December 2013 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 24 February 2014

And signed on their behalf by:
R Gibson, Director

LUDIFI LIMITED Registered Number 07962238

Notes to the Abbreviated Accounts for the period ended 31 December 2013

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 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.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.

Plant and machinery 20% straight line
Office Equipment 25% straight line

Other accounting policies
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.

2Tangible fixed assets

	£
Cost
At 1 January 2013	141
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	141
Depreciation
At 1 January 2013	35
Charge for the year	35
On disposals	-
At 31 December 2013	70
Net book values
At 31 December 2013	71
At 31 December 2012	106

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
150,658 Ordinary shares of £0.01 each (145,623 shares for 2012)	1,507	1,456