Duncan Gallagher Limited - Limited company - abbreviated

REGISTERED NUMBER: 06518428 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 28 February 2015

for

Duncan Gallagher Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr D Gallagher

REGISTERED OFFICE:

Bennett House

The Dean

Alresford

Hampshire

SO24 9BH

REGISTERED NUMBER:

06518428 (England and Wales)

ACCOUNTANTS:

Butler & Co

Chartered Accountants

Bennett House

The Dean

Alresford

Hampshire

SO24 9BH

CURRENT ASSETS

Debtors

14,940

11,254

Cash at bank

76,959

11,077

91,899

22,331

CREDITORS

Amounts falling due within one year

34,058

20,485

NET CURRENT ASSETS

57,841

1,846

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,841

1,846

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

57,741

1,746

SHAREHOLDERS' FUNDS

57,841

1,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 14 November 2015 and were signed by:

Mr D Gallagher - 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 services, excluding flat rate 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.

Computer equipment

-

33% straight line basis

Deferred tax

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

sheet date.

Expenses

Expenses are included gross, including value added tax.

Vat

The company is registered for VAT and operates the Flat Rate Scheme in accordance with the relevant

regulations and guidelines.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

5,317

DEPRECIATION

At 1 March 2014

and 28 February 2015

5,317

NET BOOK VALUE

At 28 February 2015

-

At 28 February 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.15

28.2.14

value:

£

100

Ordinary

£1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2015 and

28 February 2014:

28.2.15

28.2.14

£

Mr D Gallagher

Balance outstanding at start of year

10,274

-

Amounts advanced

2,304

27,325

Amounts repaid

(12,672

)

(17,051

)

Balance outstanding at end of year

(94

)

10,274

5.	RELATED PARTY DISCLOSURES

During the year, total dividends of £44,250 (2014 - £72,000) were paid to the director .

Mr D Gallagher

Director

During the period under review Mr D Gallagher incurred expenses on behalf of the company amounting to

£4,162 (2014 - £2,400).

Bellicus Limited

A company under the control of Mr D Gallagher

During the period under review the company paid expenses of £1,000 (2014 - £980) on behalf of Bellicus

Limited.

28.2.15

28.2.14

£

Amount due from/(to) related party at balance sheet date

Mr D Gallagher

Director

(94

)

10,274

Bellicus Limited

A company under the control of Mr D Gallagher

1,980

980

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D Gallagher by virtue of his shareholding.

Duncan Gallagher Limited - Limited company - abbreviated - 11.9

Duncan Gallagher Limited - Limited company - abbreviated - 11.9