D.R.E. & Co (Audit) Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04982926 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

D.R.E. & CO (AUDIT) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A J Matthews B.Sc., F.C.A.

Mrs C H Matthews B.Sc., F.C.A.

F Nock F.C.C.A.

M R Kent A.C.A., C.T.A.

R B Heath

Mrs R Emonson B.Sc., F.C.A.

A R Davies F.C.C.A

P Morjaria F.C.C.A

SECRETARY:

M R Kent A.C.A., C.T.A.

REGISTERED OFFICE:

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

REGISTERED NUMBER:

04982926 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co.

Chartered Accountants

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

FIXED ASSETS

Intangible assets

2

153,621

170,536

CURRENT ASSETS

Debtors

191,526

159,940

Cash at bank

33,846

136,681

225,372

296,621

CREDITORS

Amounts falling due within one year

161,208

150,157

NET CURRENT ASSETS

64,164

146,464

TOTAL ASSETS LESS CURRENT LIABILITIES

217,785

317,000

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

217,685

316,900

SHAREHOLDERS' FUNDS

217,785

317,000

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 14 December 2015 and were signed on its behalf by:

F Nock F.C.C.A. - 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, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

and 31 March 2015

338,296

AMORTISATION

At 1 April 2014

167,760

Amortisation for year

16,915

At 31 March 2015

184,675

NET BOOK VALUE

At 31 March 2015

153,621

At 31 March 2014

170,536

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

£

100

Ordinary £1

£1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have provided a personal guarantee limited to £50,000 to secure a banking facility.

5.	RELATED PARTY DISCLOSURES