Demand Led Ltd - Period Ending 2014-06-30

Registration number: 05122598

Demand Led Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2014
 

Demand Led Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Demand Led Ltd
(Registration number: 05122598)
Abbreviated Balance Sheet at 30 June 2014

		Note			2014 £			2013 £
Fixed assets
Intangible fixed assets					86,815			86,815
Tangible fixed assets					2,568			1,883
					89,383			88,698
Current assets
Debtors					69,337			69,638
Cash at bank and in hand					2,486			415
					71,823			70,053
Creditors: Amounts falling due within one year					(32,824)			(41,601)
Net current assets					38,999			28,452
Total assets less current liabilities					128,382			117,150
Creditors: Amounts falling due after more than one year					(90,976)			(87,113)
Net assets					37,406			30,037
Capital and reserves
Called up share capital		3			30,000			30,000
Profit and loss account					7,406			37
Shareholders' funds					37,406			30,037

For the year ending 30 June 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.

For the year ending 30 June 2014 the company was entitled to exemption from audit under section 479A of the Companies Act 2006 relating to subsidiary companies.

The director acknowledges his 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 director on 25 March 2015

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Demand Led Ltd
(Registration number: 05122598)
Abbreviated Balance Sheet at 30 June 2014
......... continued

.........................................
Mr BJ Hogg
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Demand Led Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

The accounting treatment is a departure from the requirements of the Companies Act 2006 and is adopted in order to present a true and fair view. An annual impairment review was carried out which confirmed that the value of goodwill does not exceed the recoverable amount. The basis for this decision is that the director has shown that with the annual gross recurring fees having increased since incorporation and there is no reason to expect this to fall in the future then the actual recoverable amount for goodwill based on a maked value would be in excess of the original £118,384.

Asset class	Amortisation method and rate
Goodwill	not amortised

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% Straight line
Fixtures, Fittings & Equipment	20% Straight line

Revenue from long term contracts is recognised by stage of completion. Stage of completion is measured by reference to costs incurred to date as a percentage of total estimated costs for each contract. Where the contract outcome cannot be measured reliably, revenue is measured only to the extent of the expenses recognised that are recoverable. Full provision is made for losses on all contracts in the year in which they are first foreseen.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 3

Demand Led Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2014
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 July 2013		118,384			28,420			146,804
Additions		-			2,226			2,226
At 30 June 2014		118,384			30,646			149,030
Depreciation
At 1 July 2013		31,569			26,537			58,106
Charge for the year		-			1,541			1,541
At 30 June 2014		31,569			28,078			59,647
Net book value
At 30 June 2014		86,815			2,568			89,383
At 30 June 2013		86,815			1,883			88,698

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		30,000			30,000			30,000			30,000

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