Davanco Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC215584 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 APRIL 2013 TO 31 MAY 2014

FOR

DAVANCO LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D Stapleton

Mrs R M Stapleton

SECRETARY:

Mrs R M Stapleton

REGISTERED OFFICE:

8 Abinger Gardens

Murrayfield

Edinburgh

EH12 6DE

REGISTERED NUMBER:

SC215584 (Scotland)

ACCOUNTANTS:

Henderson Loggie

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

2

-

10,802

CURRENT ASSETS

Debtors

-

19,725

Cash at bank

1,256

4,508

1,256

24,233

CREDITORS

Amounts falling due within one year

56,945

64,700

NET CURRENT LIABILITIES

(55,689

)

(40,467

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(55,689

)

(29,665

)

CAPITAL AND RESERVES

Called up share capital

3

352

352

Profit and loss account

(56,041

)

(30,017

)

SHAREHOLDERS' FUNDS

(55,689

)

(29,665

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 May 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 May 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 29 January 2015 and were signed on its behalf by:

D Stapleton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention 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.

Plant and machinery

-

25% on a straight line basis

Fixtures and fittings

-

20% on a reducing balance basis

Computer equipment

-

33% on a straight line basis

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

At 1 April 2013

35,996

Disposals

(35,996

)

At 31 May 2014

-

DEPRECIATION

At 1 April 2013

25,194

Eliminated on disposal

(25,194

)

At 31 May 2014

-

NET BOOK VALUE

At 31 May 2014

-

At 31 March 2013

10,802

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

25,000

A Ordinary

£0.01

250

250

2

Ordinary A-J

£1

2

2

352

352