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 2014

DM SULLIVAN FURNISHING LIMITED Registered Number 07865538

Abbreviated Balance Sheet as at 30 November 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 1,630 1,918
1,630 1,918
Current assets
Stocks 7,302 5,469
Debtors 3,582 2,940
Cash at bank and in hand 1,648 2,963
12,532 11,372
Creditors: amounts falling due within one year (13,793) (11,466)
Net current assets (liabilities) (1,261) (94)
Total assets less current liabilities 369 1,824
Total net assets (liabilities) 369 1,824
Capital and reserves
Called up share capital 100 100
Profit and loss account 269 1,724
Shareholders' funds 369 1,824
  • For the year ending 30 November 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 21 August 2015

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 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 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
and equipment - 15% Reducing balance method.

2Tangible fixed assets
£
Cost
At 1 December 2013 2,655
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2014 2,655
Depreciation
At 1 December 2013 737
Charge for the year 288
On disposals -
At 30 November 2014 1,025
Net book values
At 30 November 2014 1,630
At 30 November 2013 1,918