Danegrove Developments Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 06704566 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2015

FOR

DANEGROVE DEVELOPMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B O'Connell

D A O'Connell

REGISTERED OFFICE:

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

REGISTERED NUMBER:

06704566 (England and Wales)

ACCOUNTANTS:

ISIS Business Solutions

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

FIXED ASSETS

Tangible assets

2

3,920

4,760

CURRENT ASSETS

Stocks

505,237

302,474

Debtors

19,426

51,266

Cash at bank

121,758

528,887

646,421

882,627

CREDITORS

Amounts falling due within one year

545,728

790,755

NET CURRENT ASSETS

100,693

91,872

TOTAL ASSETS LESS CURRENT LIABILITIES

104,613

96,632

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

104,513

96,532

SHAREHOLDERS' FUNDS

104,613

96,632

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

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

B O'Connell - Director

D A O'Connell - 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.

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

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

19,401

Additions

604

At 31st March 2015

20,005

DEPRECIATION

At 1st April 2014

14,641

Charge for year

1,444

At 31st March 2015

16,085

NET BOOK VALUE

At 31st March 2015

3,920

At 31st March 2014

4,760

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary A Shares

1

100

100