Abbreviated Company Accounts - DM SULLIVAN FURNISHING LIMITED

Abbreviated Company Accounts - DM SULLIVAN FURNISHING LIMITED

DM SULLIVAN FURNISHING LIMITED - Company Information

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Registered Number 07865538

DM SULLIVAN FURNISHING LIMITED

Abbreviated Accounts

30 November 2013

DM SULLIVAN FURNISHING LIMITED Registered Number 07865538

Abbreviated Balance Sheet as at 30 November 2013

Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 1,918 2,257
1,918 2,257
Current assets
Stocks 5,469 2,487
Debtors 2,940 680
Cash at bank and in hand 2,963 764
11,372 3,931
Creditors: amounts falling due within one year (11,466) (5,478)
Net current assets (liabilities) (94) (1,547)
Total assets less current liabilities 1,824 710
Total net assets (liabilities) 1,824 710
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,724 610
Shareholders' funds 1,824 710
  • For the year ending 30 November 2013 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 21 August 2014

And signed on their behalf by:
Douglas Sullivan, Director

DM SULLIVAN FURNISHING LIMITED Registered Number 07865538

Notes to the Abbreviated Accounts for the period ended 30 November 2013

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 total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Fixtures, fittings & equipment - 15% Reducing balance method

2Tangible fixed assets
£
Cost
At 1 December 2012 2,655
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2013 2,655
Depreciation
At 1 December 2012 398
Charge for the year 339
On disposals -
At 30 November 2013 737
Net book values
At 30 November 2013 1,918
At 30 November 2012 2,257