Deards Decorations Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 05647993 (England and Wales)

DEARDS DECORATIONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST JANUARY 2015

Page

Company Information

1

Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTOR:

D W Deards

SECRETARY:

S E Deards

REGISTERED OFFICE:

13 Pondcroft Road

Knebworth

Hertfordshire

SG3 6DB

REGISTERED NUMBER:

05647993 (England and Wales)

ACCOUNTANTS:

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages

three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Deards Decorations Limited for the year ended 31st January 2015

which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's

accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Deards Decorations Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Deards Decorations Limited and state those matters that we have agreed to state to the director of Deards Decorations Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Deards Decorations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Deards Decorations Limited. You consider that Deards Decorations Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Deards

Decorations Limited. For this reason, we have not verified the accuracy or completeness of the accounting

records or information and explanations you have given to us and we do not, therefore, express any

opinion on the statutory financial statements.

Wags LLP t/a Wagstaffs

Richmond House

Walkern Road

Stevenage

Hertfordshire

SG1 3QP

30th October 2015

FIXED ASSETS

Tangible assets

2

850

-

CURRENT ASSETS

Debtors

55,021

80,101

Cash in hand

72

30

55,093

80,131

CREDITORS

Amounts falling due within one year

3

(55,553

)

(79,947

)

NET CURRENT (LIABILITIES)/ASSETS

(460

)

184

TOTAL ASSETS LESS CURRENT LIABILITIES

390

184

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

290

84

SHAREHOLDERS' FUNDS

390

184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2015 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 30th October 2015 and were signed by:

D W Deards - 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 the total invoice value, excluding value added tax, trade discounts and all other

taxes of sales made during the year.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Contracts

Hire purchase and leasing commitments

2.	TANGIBLE FIXED ASSETS

Total

£

Cost

At 1st February 2014

13,799

Additions

1,133

At 31st January 2015

14,932

Depreciation

At 1st February 2014

13,799

Charge for year

283

At 31st January 2015

14,082

Net book value

At 31st January 2015

850

At 31st January 2014

-

3.

CREDITORS

Creditors include an amount of £ 12,955 (2014 - £ 24,768 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES