DRAKEFORD_TRADING_LIMITED - Accounts

DRAKEFORD TRADING LIMITED - Company Information

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Company Registration No. 03990942 (England and Wales)

DRAKEFORD TRADING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2014

DRAKEFORD TRADING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

DRAKEFORD TRADING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MAY 2014

- 1 -

2014

2013

Notes

Current assets

Debtors

1,409

Cash at bank and in hand

1,813

472

1,813

1,881

Creditors: amounts falling due within one year

(7,954)

(7,093)

Total assets less current liabilities

(6,141)

(5,212)

Capital and reserves

Called up share capital

100

Profit and loss account

(6,241)

(5,312)

Shareholders' funds

(6,141)

(5,212)

For the financial year ended 31 May 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 February 2015

Mr A Charles

Director

Company Registration No. 03990942

DRAKEFORD TRADING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

33 1/3% on cost

Share capital

2014

2013

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100