Abbreviated Company Accounts - DIAMOND OSTRICH LTD

Abbreviated Company Accounts - DIAMOND OSTRICH LTD

DIAMOND OSTRICH LTD - Company Information

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Registered Number 08701264

DIAMOND OSTRICH LTD

Abbreviated Accounts

30 September 2014

DIAMOND OSTRICH LTD Registered Number 08701264

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014
£
Fixed assets
Tangible assets 2 3,057
3,057
Current assets
Debtors 3,224
Cash at bank and in hand 12,519
15,743
Creditors: amounts falling due within one year (8,130)
Net current assets (liabilities) 7,613
Total assets less current liabilities 10,670
Total net assets (liabilities) 10,670
Capital and reserves
Called up share capital 2
Profit and loss account 10,668
Shareholders' funds 10,670
  • 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 June 2015

And signed on their behalf by:
Miss Gemma Osgood, Director

DIAMOND OSTRICH LTD Registered Number 08701264

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
The turnover shown in the profit and loss account represents amounts receivable for work undertaken during the year.
The amount receivable has been calculated using the revenue recognition principals det out in Application Note G of FRS 5 'Substance of transaction' and UITF 40 ' revenue recognition and service contacts' as appropriate.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the exonomic life of that asset as follows:
Office equipment and computers 25% reducing balance

2Tangible fixed assets
£
Cost
Additions 3,698
Disposals -
Revaluations -
Transfers -
At 30 September 2014 3,698
Depreciation
Charge for the year 641
On disposals -
At 30 September 2014 641
Net book values
At 30 September 2014 3,057