Daley Claim Specialists Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 05053102 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2014

for

Daley Claim Specialists Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

DIRECTORS:

P Daley

D B Brocklesby

M A Usher

REGISTERED OFFICE:

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

REGISTERED NUMBER:

05053102 (England and Wales)

ACCOUNTANTS:

Douglas Fairless Partnership

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Intangible assets

2

-

1,760

Tangible assets

3

510

600

510

2,360

CURRENT ASSETS

Stocks

17,237

1,000

Debtors

16,529

33,064

Cash at bank

7,481

1,920

41,247

35,984

CREDITORS

Amounts falling due within one year

75,219

48,363

NET CURRENT LIABILITIES

(33,972

)

(12,379

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(33,462

)

(10,019

)

PROVISIONS FOR LIABILITIES

-

145

NET LIABILITIES

(33,462

)

(10,164

)

CAPITAL AND RESERVES

Called up share capital

4

5

3

Profit and loss account

(33,467

)

(10,167

)

SHAREHOLDERS' FUNDS

(33,462

)

(10,164

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 21 July 2014 and were signed on its behalf by:

P Daley - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The directors have considered the going concern of the business and consider it valid, they will continue to

support the business through the directors loan account until revenue streams improve.

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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

55,497

AMORTISATION

At 1 March 2013

53,737

Amortisation for year

1,760

At 28 February 2014

55,497

NET BOOK VALUE

At 28 February 2014

-

At 28 February 2013

1,760

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

2,149

DEPRECIATION

At 1 March 2013

1,549

Charge for year

90

At 28 February 2014

1,639

NET BOOK VALUE

At 28 February 2014

510

At 28 February 2013

600

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

5

ordinary

£1

5

3

(28.2.13 - 3 )

2 ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 28 February 2014 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to

fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Douglas Fairless Partnership

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

Date: .............................................