DOORMASTER_(UK)_LIMITED - Accounts
DOORMASTER_(UK)_LIMITED - Accounts
Company Registration No. 04212003 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2014
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2014
- 1 -
2014
2013
Notes
£
£
£
£
Current assets
Stocks
Creditors: amounts falling due within one year
(83,760 )
(79,036 )
Total assets less current liabilities
(82,106 )
(77,382 )
Capital and reserves
Called up share capital
2
Profit and loss account
(82,114 )
(77,390 )
Shareholders' funds
(82,106 )
(77,382 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 26 May 2015
Director
Company Registration No. 04212003
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2014
- 2 -
1
Accounting policies
1.1
Accounting convention
The current economic climate is challenging, and the company has reported a loss for the year as well as having an insolvent balance sheet. The directors consider that the outlook presents significant challenges in terms of sales. Whilst the directors have instituted measures to secure sufficient finance, these circumstances create material uncertainties over future trading results and cashflows.
The directors are confident that as the economy improves, sales will enable the company to begin to make a profit.
The directors have concluded that the combination of these circumstances represents a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. Nevertheless after making enquiries, and considering the uncertainties described above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing the annual report and accounts.
The directors are confident that as the economy improves, sales will enable the company to begin to make a profit.
The directors have concluded that the combination of these circumstances represents a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. Nevertheless after making enquiries, and considering the uncertainties described above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing the annual report and accounts.
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
Turnover
1.4
Tangible fixed assets and depreciation
Plant and machinery
2
Share capital
2014
2013
£
£
Allotted, called up and fully paid