Dranshaw Limited,Ltd - Accounts

Dranshaw Limited,Ltd - Accounts

DRANSHAW LIMITED - Company Information

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2014-01-01 true false Private Limited Company 01619669 2014-12-31 01619669 2014-01-01 2014-12-31 01619669 2013-12-31 01619669 2013-01-01 2013-12-31 01619669 uk-bus:Director1 2014-01-01 2014-12-31 01619669 uk-gaap:PlantMachinery 2014-01-01 2014-12-31 01619669 uk-gaap:CommercialMotorVehicles 2014-01-01 2014-12-31 01619669 uk-gaap:FixturesFittings 2014-01-01 2014-12-31 01619669 uk-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP
Dranshaw Limited
For the year ended 31 December 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 01619669
2
Contents Page
Dranshaw Limited
For the year ended 31 December 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Dranshaw Limited
Accountants' Report
For the year ended 31 December 2014
As described in the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 December 2014 and you consider that the company is exempt from an audit under the Companies Act
2006. 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.
Longhill Accounting Limited
1 Longhill Lodge
Ditcheat
Shepton Mallet
Somerset
BA4 6QR
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4
Abbreviated Balance Sheet
Dranshaw Limited
As at 31 December 2014
01619669
Registered Number :
£
£
2014
Notes
2013
Fixed assets
Tangible assets
2
1,077
1,544
1,077
1,544
Current assets
Stocks
17,670
18,180
Debtors
8,904
9,577
Cash at bank and in hand
31,848
29,707
59,605
56,281
Creditors: amounts falling due within one year
(15,401)
(16,694)
40,880
42,911
Net current assets
Total assets less current liabilities
43,988
42,424
(215)
-
Provisions for liabilities
43,773
Net assets
42,424
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
43,673
42,324
43,773
42,424
Shareholders funds
For the year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) 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.
Date approved by the board: 23 February 2015
Mrs S Hardy Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Dranshaw Limited
For the year ended 31 December 2014
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Straight line
Motor Vehicles
20% Straight line
Fixtures and Fittings
15% Straight line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
Notes to the Abbreviated Financial Statements
Dranshaw Limited
For the year ended 31 December 2014
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
25,650
At 01 January 2014
At 31 December 2014
25,650
Depreciation
24,106
At 01 January 2014
467
Charge for year
24,573
At 31 December 2014
Net book values
At 31 December 2014
1,077
1,544
At 31 December 2013
3 Share capital
Allotted called up and fully paid
2014
2013
£
£
100 Class A shares of £1.00 each
100
100
100
100
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