Definitive Translations Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04623822 (England and Wales)

ABBREVIATED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

DEFINITIVE TRANSLATIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A R H Armes

REGISTERED OFFICE:

25 The Green

Southwick

West Sussex

BN42 4DG

REGISTERED NUMBER:

04623822 (England and Wales)

ACCOUNTANTS:

Harcourt Accountancy Services Limited

25 The Green

Southwick

West Sussex

BN42 4DG

FIXED ASSETS

Tangible assets

2

261

51

CURRENT ASSETS

Stocks

1,233

784

Debtors

5,138

1,246

Cash at bank

29,883

8,317

36,254

10,347

CREDITORS

Amounts falling due within one year

24,071

7,954

NET CURRENT ASSETS

12,183

2,393

TOTAL ASSETS LESS CURRENT LIABILITIES

12,444

2,444

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

12,443

2,443

SHAREHOLDERS' FUNDS

12,444

2,444

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 September 2015 and were signed by:

A R H Armes - 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 services.

Tangible fixed assets

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

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred taxation has not been provided in these accounts as, in the opinion of the directors, there is reasonable

probability that the asset/liability will not arise in the foreseeable future. This does not comply with Financial

Reporting Standard 19. If full provision for deferred taxation was made in these accounts, there would be an

asset at 31 December 2014 of £1 (2013:liability £2).

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

1,220

Additions

338

At 31 December 2014

1,558

DEPRECIATION

At 1 January 2014

1,169

Charge for year

128

At 31 December 2014

1,297

NET BOOK VALUE

At 31 December 2014

261

At 31 December 2013

51

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1

Ordinary

£1

1

1

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2013 - £14,000) were paid to the director .

At 1 January 2014 the company owed the director £2,252. During the year the director withdrew £15,604 and

dividends of £25,000 were credited. At 31 December 2014 the company owed the director £11,648. This loan

is interest free and repayable on demand.

5.

CONTROL

The company was controlled throughout the year by its director, being the sole shareholder.