Abbreviated Company Accounts - DOMINIC IBBOTSON LIMITED

DOMINIC IBBOTSON LIMITED - Company Information

Registered Number SC290144

DOMINIC IBBOTSON LIMITED

Abbreviated Accounts

30 September 2014

DOMINIC IBBOTSON LIMITED Registered Number SC290144

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	23,557	26,638
		23,557	26,638
Current assets
Stocks		1,579	1,121
Debtors		625	3,897
Cash at bank and in hand		4,000	-
		6,204	5,018
Creditors: amounts falling due within one year		(29,288)	(31,782)
Net current assets (liabilities)		(23,084)	(26,764)
Total assets less current liabilities		473	(126)
Total net assets (liabilities)		473	(126)
Capital and reserves
Called up share capital		2	2
Profit and loss account		471	(128)
Shareholders' funds		473	(126)

For the year ending 30 September 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 10 December 2014

And signed on their behalf by:
D Ibbotson, Director

DOMINIC IBBOTSON LIMITED Registered Number SC290144

Notes to the Abbreviated Accounts for the period ended 30 September 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% reducing balance
Motor vehicles 20% reducing balance

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 October 2013	64,892
Additions	2,809
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	67,701
Depreciation
At 1 October 2013	38,254
Charge for the year	5,890
On disposals	-
At 30 September 2014	44,144
Net book values
At 30 September 2014	23,557
At 30 September 2013	26,638