DNA_WORLDWIDE_LIMITED - Accounts

DNA WORLDWIDE LIMITED - Company Information

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Company Registration No. 3550151 (England and Wales)

DNA WORLDWIDE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

DNA WORLDWIDE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DNA WORLDWIDE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

1,223

Current assets

Stocks

9,500

Debtors

41,752

150,598

Cash at bank and in hand

9,351

5,386

60,603

165,484

Creditors: amounts falling due within one year

(59,596)

(163,123)

Net current assets

1,007

2,361

Total assets less current liabilities

2,230

2,361

Provisions for liabilities

(261)

(23)

1,969

2,338

Capital and reserves

Called up share capital

Profit and loss account

1,967

2,336

Shareholders' funds

1,969

2,338

For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 16 June 2015

Mr Marc Rowan

Director

Company Registration No. 3550151

DNA WORLDWIDE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities.

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

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

Fixed assets

Tangible assets

Cost

At 1 October 2013

Additions

1,835

At 30 September 2014

1,835

Depreciation

At 1 October 2013

Charge for the year

612

At 30 September 2014

612

Net book value

At 30 September 2014

1,223

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary Shares of £1 each

DNA WORLDWIDE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2014

- 3 -

Ultimate parent company

The ultimate controlling party is Mr. M Rowan who owns 100% of the ordinary share capital of the company.

Related party relationships and transactions

Other transactions

Directors Loan Account - Marc Rowan

There was an opening balance owed to Marc Rowan of £12,614. During the year this balance was repaid along with another £6,399 which the director had loaned the company. At the year end there was nothing owed to Marc Rowan from DNA Worldwide Limited.