Abbreviated Company Accounts - DIVIDEND TRAINING LIMITED
Abbreviated Company Accounts - DIVIDEND TRAINING LIMITED
Registered Number 03672234
DIVIDEND TRAINING LIMITED
Abbreviated Accounts
31 January 2015
DIVIDEND TRAINING LIMITED Registered Number 03672234
Abbreviated Balance Sheet as at 31 January 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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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:
DIVIDEND TRAINING LIMITED Registered Number 03672234
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
Computer equipment - 33% straight line.
Fixtures and fittings - 25% straight line.
Other accounting policies
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution pension scheme for the benefit of its directors/employees. Contributions payable are charged to the profit and loss account for the period in which they are payable.
Foreign Currency
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company’s tax computations. Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost included all direct costs and an appropriate proportion of fixed and variable overheads.
£ | |
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Cost | |
At 1 February 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 January 2015 |
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Depreciation | |
At 1 February 2014 |
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Charge for the year |
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On disposals |
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At 31 January 2015 |
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Net book values | |
At 31 January 2015 | 2,213 |
At 31 January 2014 | 2,995 |
4Transactions with directors
Name of director receiving advance or credit: | ||
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Description of the transaction: | ||
Balance at 1 February 2014: | ||
Advances or credits made: | £ |
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Advances or credits repaid: | ||
Balance at 31 January 2015: | £ |