Deranawab Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06623268 (England and Wales)

DERANAWAB LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Director:

M Bashir

Secretary:

M M Ramzan

Registered office:

First Floor 244

Edgware Road

London

W2 1DS

Registered number:

06623268 (England and Wales)

Accountants:

M. Parmar & Co.

Chartered Accountants

First Floor

244 Edgware Road

London

W2 1DS

Fixed assets

Intangible assets

2

-

19,500

Tangible assets

3

-

1,129

-

20,629

Current assets

Stocks

-

866

Cash at bank and in hand

1,016

1,841

1,016

2,707

Creditors

Amounts falling due within one year

989

21,221

Net current assets/(liabilities)

27

(18,514

)

Total assets less current liabilities

27

2,115

Capital and reserves

Called up share capital

4

1

1

Profit and loss account

26

2,114

Shareholders' funds

27

2,115

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 23 July 2014 and were signed by:

M Bashir - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 April 2013

30,000

Disposals

(30,000

)

At 31 March 2014

-

Amortisation

At 1 April 2013

10,500

Eliminated on disposal

(10,500

)

At 31 March 2014

-

Net book value

At 31 March 2014

-

At 31 March 2013

19,500

3.	Tangible fixed assets

Total

£

Cost

At 1 April 2013

11,166

Disposals

(11,166

)

At 31 March 2014

-

Depreciation

At 1 April 2013

10,037

Eliminated on disposal

(10,037

)

At 31 March 2014

-

Net book value

At 31 March 2014

-

At 31 March 2013

1,129

4.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1