DWC & LEE LIMITED - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08170893 (England and Wales)

Abbreviated Accounts for the Year Ended 30 September 2015

for

DWC & LEE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M J Lee

D W Cooper

REGISTERED OFFICE:

16 Flexbury Gardens

Gateshead

Tyne and Wear

NE9 7TH

REGISTERED NUMBER:

08170893 (England and Wales)

ACCOUNTANTS:

Thompson Accountants

52-56 Coatsworth Road

Gateshead

Tyne and Wear

NE8 1QN

FIXED ASSETS

Intangible assets

2

28,000

32,000

Tangible assets

3

887

2,884

28,887

34,884

CURRENT ASSETS

Stocks

7,600

8,500

Debtors

150

150

Cash in hand

2,400

1,501

10,150

10,151

CREDITORS

Amounts falling due within one year

24,466

45,331

NET CURRENT LIABILITIES

(14,316

)

(35,180

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,571

(296

)

CAPITAL AND RESERVES

Called up share capital

4

1

1

Profit and loss account

14,570

(297

)

SHAREHOLDERS' FUNDS

14,571

(296

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 15 October 2015 and were signed on its behalf by:

M J Lee - 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 sales of goods, excluding value added tax.

Goodwill

Goodwill is amortised over 10 years on a straight line basis.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

40,000

AMORTISATION

At 1 October 2014

8,000

Amortisation for year

4,000

At 30 September 2015

12,000

NET BOOK VALUE

At 30 September 2015

28,000

At 30 September 2014

32,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

and 30 September 2015

5,130

DEPRECIATION

At 1 October 2014

2,246

Charge for year

1,997

At 30 September 2015

4,243

NET BOOK VALUE

At 30 September 2015

887

At 30 September 2014

2,884

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1