Danesfield Property Services Limited - Period Ending 2014-12-31

Registration number: 04988955

Danesfield Property Services Limited
 
  Unaudited Abbreviated Accounts
 
  for the Year Ended 31 December 2014
 

Danesfield Property Services Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Danesfield Property Services Limited
(Registration number: 04988955 )
  Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
FIXED ASSETS
Tangible fixed assets					561			719
CURRENT ASSETS
Cash at bank and in hand					296			71,768
Creditors: Amounts falling due within one year					(88,083)			(169,590)
Net Current liabilities					(87,787)			(97,822)
Total assets less current liabilities					(87,226)			(97,103)
Creditors: Amounts falling due after more than one year					(13,853)			(14,659)
Net liabilities					(101,079)			(111,762)
CAPITAL AND RESERVES
Called up share capital		3			100			100
Profit and loss account					(101,179)			(111,862)
Shareholders' deficit					(101,079)			(111,762)

For the year ending 31 December 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 27 September 2015 and signed on its behalf by:

.........................................
Mr Darren Bainbridge
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
  Page 1

Danesfield Property Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Purchased Goodwill is amortised evenly over its useful life of 10 years

Asset class	Amortisation method and rate
Purchased Goodwill	10 years

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	15% on reducing balance
Motor Vehicles	25% on reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Danesfield Property Services Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 January 2014		52,700			8,225			60,925
At 31 December 2014		52,700			8,225			60,925
Depreciation
At 1 January 2014		52,700			7,506			60,206
Charge for the year		-			158			158
At 31 December 2014		52,700			7,664			60,364
Net book value
At 31 December 2014		-			561			561
At 31 December 2013		-			719			719

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3