Abbreviated Company Accounts - DAVID & DAVID LIMITED
Abbreviated Company Accounts - DAVID & DAVID LIMITED
Registered Number 06042953
DAVID & DAVID LIMITED
Abbreviated Accounts
31 January 2015
DAVID & DAVID LIMITED Registered Number 06042953
Abbreviated Balance Sheet as at 31 January 2015
Notes | 2015 | 2014 | |
---|---|---|---|
£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
|
|
|
|||
Current assets | |||
Stocks |
|
|
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: amounts falling due within one year |
( |
( |
|
Net current assets (liabilities) |
( |
( |
|
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
( |
( |
|
Provisions for liabilities |
( |
( |
|
Total net assets (liabilities) |
|
|
|
Capital and reserves | |||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
For the year ending 31 January 2015 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
And signed on their behalf by:
DAVID & DAVID LIMITED Registered Number 06042953
Notes to the Abbreviated Accounts for the period ended 31 January 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Tangible assets depreciation policy
Leasehold Properties – Straight life over the life of the lease
Fixtures, fittings and equipment – 15% reducing balance
Other accounting policies
The company has negative current liabilities. The company is therefore reliant upon the continued financial support of its directors in order to continue operations. The directors have indicated their willingness to provide financial support to ensure that the company has sufficient resources to meet third parties debts as they fall due. Accordingly the accounts have been prepared on a going concern basis.
If the support of the directors were withdrawn, then the going concern basis may not be acceptable. Adjustments may then have to be made to adjust the value of the assets to their recoverable amounts, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term loans as current assets and current liabilities.
Controlling Interest
The directors, by virtue of their shareholding, control the company.
£ | |
---|---|
Cost | |
At 1 February 2014 |
|
Additions |
|
Disposals |
|
Revaluations |
|
Transfers |
|
At 31 January 2015 |
|
Depreciation | |
At 1 February 2014 |
|
Charge for the year |
|
On disposals |
|
At 31 January 2015 |
|
Net book values | |
At 31 January 2015 | 22,396 |
At 31 January 2014 | 28,312 |
3Transactions with directors
Name of director receiving advance or credit: | ||
---|---|---|
Description of the transaction: | ||
Balance at 1 February 2014: | £ |
|
Advances or credits made: | ||
Advances or credits repaid: | £ |
|
Balance at 31 January 2015: | £ |
Name of director receiving advance or credit: | ||
---|---|---|
Description of the transaction: | ||
Balance at 1 February 2014: | £ |
|
Advances or credits made: | £ |
|
Advances or credits repaid: | ||
Balance at 31 January 2015: | £ |