Abbreviated Company Accounts - DESIGN SPECIALISTS (THE TEAM WORKS) LIMITED

Abbreviated Company Accounts - DESIGN SPECIALISTS (THE TEAM WORKS) LIMITED

DESIGN SPECIALISTS (THE TEAM WORKS) LIMITED - Company Information

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Registered Number 01986902

DESIGN SPECIALISTS (THE TEAM WORKS) LIMITED

Abbreviated Accounts

31 March 2015

DESIGN SPECIALISTS (THE TEAM WORKS) LIMITED Registered Number 01986902

Abbreviated Balance Sheet as at 31 March 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 2,500 2,500
Tangible assets 3 880 1,173
3,380 3,673
Current assets
Stocks 20,000 17,071
Debtors 66,157 62,610
86,157 79,681
Creditors: amounts falling due within one year (50,772) (29,706)
Net current assets (liabilities) 35,385 49,975
Total assets less current liabilities 38,765 53,648
Creditors: amounts falling due after more than one year (43,016) (59,324)
Total net assets (liabilities) (4,251) (5,676)
Capital and reserves
Called up share capital 100 100
Profit and loss account (4,351) (5,776)
Shareholders' funds (4,251) (5,676)
  • 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.

Approved by the Board on 9 December 2015

And signed on their behalf by:
G Tudor, Director

DESIGN SPECIALISTS (THE TEAM WORKS) LIMITED Registered Number 01986902

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Intangible fixed assets
£
Cost
At 1 April 2014 2,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 2,500
Amortisation
At 1 April 2014 0
Charge for the year -
On disposals -
At 31 March 2015 0
Net book values
At 31 March 2015 2,500
At 31 March 2014 2,500
3Tangible fixed assets
£
Cost
At 1 April 2014 58,073
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2015 58,073
Depreciation
At 1 April 2014 56,900
Charge for the year 293
On disposals -
At 31 March 2015 57,193
Net book values
At 31 March 2015 880
At 31 March 2014 1,173