Danzan Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC248100 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 30 April 2015

for

Danzan Limited

T/A

Revive! Auto Innovations (Highlands)

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

AJC MacDiarmid

Mrs DM MacDiarmid

SECRETARY:

Mrs DM MacDiarmid

REGISTERED OFFICE:

43 Nevis Park

INVERNESS

IV3 8RX

REGISTERED NUMBER:

SC248100 (Scotland)

ACCOUNTANTS:

Cottons Accountants LLP

The Stables

Church Walk

Daventry

Northants

NN11 4BL

FIXED ASSETS

Intangible assets

2

6,075

6,750

Tangible assets

3

3,859

5,072

9,934

11,822

CURRENT ASSETS

Stocks

2,000

2,000

Debtors

13,126

10,784

Cash at bank

10,816

9,225

25,942

22,009

CREDITORS

Amounts falling due within one year

4

11,639

14,137

NET CURRENT ASSETS

14,303

7,872

TOTAL ASSETS LESS CURRENT LIABILITIES

24,237

19,694

CREDITORS

Amounts falling due after more than one year

4

5,857

6,847

NET ASSETS

18,380

12,847

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

18,280

12,747

SHAREHOLDERS' FUNDS

18,380

12,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 June 2015 and were signed on its behalf by:

Mrs DM MacDiarmid - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

13,500

AMORTISATION

At 1 May 2014

6,750

Amortisation for year

675

At 30 April 2015

7,425

NET BOOK VALUE

At 30 April 2015

6,075

At 30 April 2014

6,750

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

20,110

Additions

190

At 30 April 2015

20,300

DEPRECIATION

At 1 May 2014

15,038

Charge for year

1,403

At 30 April 2015

16,441

NET BOOK VALUE

At 30 April 2015

3,859

At 30 April 2014

5,072

4.

CREDITORS

Creditors include an amount of £ 7,338 (2014 - £ 8,819 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100