Abbreviated Company Accounts - DUNLOP WELDING LIMITED

DUNLOP WELDING LIMITED - Company Information

Registered Number SC417405

DUNLOP WELDING LIMITED

Abbreviated Accounts

28 February 2014

DUNLOP WELDING LIMITED Registered Number SC417405

Abbreviated Balance Sheet as at 28 February 2014

	Notes	2014	2013
		£	£
Fixed assets
Intangible assets	2	32,606	36,682
Tangible assets	3	3,180	3,847
		35,786	40,529
Current assets
Stocks		400	400
Debtors		51,520	28,779
Cash at bank and in hand		1,444	1,093
		53,364	30,272
Creditors: amounts falling due within one year		(69,843)	(46,272)
Net current assets (liabilities)		(16,479)	(16,000)
Total assets less current liabilities		19,307	24,529
Provisions for liabilities		(769)	(769)
Total net assets (liabilities)		18,538	23,760
Capital and reserves
Called up share capital		100	100
Profit and loss account		18,438	23,660
Shareholders' funds		18,538	23,760

For the year ending 28 February 2014 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 15 December 2014

And signed on their behalf by:
Mr Hugh Dunlop, Director

DUNLOP WELDING LIMITED Registered Number SC417405

Notes to the Abbreviated Accounts for the period ended 28 February 2014

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 amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are;
Plant and machinery 25% reducing balance
Computer equipment 33% straight Line
Motor vehicles 33% straight line

Intangible assets amortisation policy
Goodwill;
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 March 2013	40,758
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	40,758
Amortisation
At 1 March 2013	4,076
Charge for the year	4,076
On disposals	-
At 28 February 2014	8,152
Net book values
At 28 February 2014	32,606
At 28 February 2013	36,682

3Tangible fixed assets

	£
Cost
At 1 March 2013	5,725
Additions	1,780
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2014	7,505
Depreciation
At 1 March 2013	1,878
Charge for the year	2,447
On disposals	-
At 28 February 2014	4,325
Net book values
At 28 February 2014	3,180
At 28 February 2013	3,847