Accounts filed on 31-03-2015

Accounts filed on 31-03-2015

D G OSBORNE LIMITED - Company Information

Print Friendly Version

D G OSBORNE LIMITED

Company Registration Number:
07553064 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2014

End date: 31 March 2015

D G OSBORNE LIMITED

Abbreviated Balance sheet

As at 31 March 2015


Notes
2015
£
2014
£
Fixed assets
Intangible assets: 2 2,000 4,000
Tangible assets: 3 43,251 29,008
Total fixed assets: 45,251 33,008
Current assets
Stocks: 2,550 1,510
Debtors: 4 58,396 32,754
Cash at bank and in hand: 20,222 5,205
Total current assets: 81,168 39,469
Creditors: amounts falling due within one year: 5 ( 55,223 ) ( 24,921 )
Net current assets (liabilities): 25,945 14,548
Total assets less current liabilities: 71,196 47,556
Creditors: amounts falling due after more than one year: 6 ( 33,002 ) ( 19,422 )
Total net assets (liabilities): 38,194 28,134

The notes form part of these financial statements

D G OSBORNE LIMITED

Balance sheet continued

As at 31 March 2015


Notes
2015
£
2014
£
Capital and reserves
Called up share capital: 7 100 100
Profit and loss account: 38,094 28,034
Shareholders funds: 38,194 28,134

For the year ending 31 March 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 03 December 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Darren Osborne
Status: Director

The notes form part of these financial statements

D G OSBORNE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.

    Turnover policy

    Turnover represents the total value of sales made during the year, excluding Value Added Tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

    Plant & machinery - 25% per annum, reducing balance
    Computer equipment - 33% per annum, on cost
    Motor vehicles - 25% per annum, reducing balance

    Intangible fixed assets amortisation policy

    Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years. This policy has been adopted as, in the opinion of the directors, it gives a true and fair view.

D G OSBORNE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 2. Intangible assets

    Total
    Cost £
    01 April 2014: 10,000
    Additions: 0
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2015: 10,000
    Amortisation
    01 April 2014: 6,000
    Provided during the period: 2,000
    On disposals: 0
    Other Adjustments: 0
    31 March 2015: 8,000
    Net book value
    31 March 2015: 2,000
    31 March 2014: 4,000

D G OSBORNE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 3. Tangible assets

    Total
    Cost £
    01 April 2014: 53,166
    Additions: 41,027
    Disposals: ( 27,908 )
    Revaluations: 0
    Transfers: 0
    31 March 2015: 66,285
    Depreciation
    01 April 2014: 24,158
    Charge for year: 15,010
    On disposals: ( 16,134 )
    Other adjustments: 0
    31 March 2015: 23,034
    Net book value
    31 March 2015: 43,251
    31 March 2014: 29,008

D G OSBORNE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 4. Debtors


    2015
    £
    2014
    £
    Trade debtors: 54,221 32,297
    Prepayments and accrued income: 2,148 457
    Other debtors: 2,027
    Total: 58,396 32,754

D G OSBORNE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 5. Creditors: amounts falling due within one year


    2015
    £
    2014
    £
    Amounts due under finance leases and hire purchase contracts: 10,712 8,931
    Trade creditors: 18,224 6,080
    Taxation and social security: 26,287 8,380
    Other creditors: 1,530
    Total: 55,223 24,921

D G OSBORNE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 6. Creditors: amounts falling due after more than one year


    2015
    £
    2014
    £
    Amounts due under finance leases and hire purchase contracts: 33,002 19,422
    Total: 33,002 19,422

D G OSBORNE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 7. Called up share capital

    Allotted, called up and paid

    Previous period
    2014
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100

D G OSBORNE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 8. Related party disclosures

    Additional information

    The company is controlled by D G Osborne

D G OSBORNE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2015

  • 9. Transactions with directors

    Name of director receiving advance or credit Darren Osborne
    Description of the transaction Interest free loan
    Balance at 01 April 2014 1,664
    Advances or credits made 2,385
    Balance at 31 March 2015 721