Durana Limited - Limited company - abbreviated

REGISTERED NUMBER: 01086212 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30th April 2014

for

Durana Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Tupper

Mrs M A Tupper

SECRETARY:

Mrs M A Tupper

REGISTERED OFFICE:

93 Aldwick Road

Bognor Regis

West Sussex

PO21 2NW

REGISTERED NUMBER:

01086212 (England and Wales)

ACCOUNTANTS:

Matthews Hanton Limited

93 Aldwick Road

Bognor Regis

West Sussex

PO21 2NW

FIXED ASSETS

Tangible assets

2

190,001

930,001

CURRENT ASSETS

Debtors

50,705

58,361

Cash at bank

5,214

6,741

55,919

65,102

CREDITORS

Amounts falling due within one year

3

11,216

12,510

NET CURRENT ASSETS

44,703

52,592

TOTAL ASSETS LESS CURRENT
LIABILITIES

234,704

982,593

CREDITORS

Amounts falling due after more than one
year

3

53,678

61,723

NET ASSETS

181,026

920,870

CAPITAL AND RESERVES

Called up share capital

4

500

Revaluation reserve

180,190

920,190

Profit and loss account

336

180

SHAREHOLDERS' FUNDS

181,026

920,870

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 22nd January 2015 and were signed on its behalf
by:

J Tupper - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

20% on reducing balance

The company's policy is to maintain its properties to a high standard through a continual programme of

refurbishment and maintenance. In accordance with this practice depreciation is not provided on the freehold

property as, in the opinion of the directors the residual value (in terms of original cost) is such that any

depreciation charge would be immaterial.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1st May 2013

930,238

Impairments

(740,000

)

At 30th April 2014

190,238

DEPRECIATION

At 1st May 2013

and 30th April 2014

237

NET BOOK VALUE

At 30th April 2014

190,001

At 30th April 2013

930,001

3.

CREDITORS

Creditors include an amount of £ 61,659 (2013 - £ 69,641 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

Repayable by instalments

21,754

30,052

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

500

Ordinary

1

500

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2014 and

30th April 2013:

2014

2013

£

J Tupper and Mrs M A Tupper

Balance outstanding at start of year

46,388

37,976

Amounts advanced

3,020

10,024

Amounts repaid

(10,300

)

(1,612

)

Balance outstanding at end of year

39,108

46,388

Durana Limited - Limited company - abbreviated - 11.6

Durana Limited - Limited company - abbreviated - 11.6