DRAKEPINE LIMITED Accounts filed on 31-03-2015

DRAKEPINE LIMITED Accounts filed on 31-03-2015


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DRAKEPINE LIMITED




Company Registration Number:
02305427 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st April 2014

End date: 31st March 2015

SUBMITTED

DRAKEPINE LIMITED

Company Information
for the Period Ended
31st March 2015




Director: T HOOPER
J PHILLIPS
Company secretary: T HOOPER
Registered office: 521/525 Pinner Road
North Harrow
Middlesex
HA2 6EH
Company Registration Number: 02305427 (England and Wales)

DRAKEPINE LIMITED

Directors' Report Period Ended 31st March 2015

The directors present their report with the financial statements of the company for the period ended 31st March 2015

Principal activities
The principal activity of the company in the period under review was:
DEALERS IN CARPETS AND FLOOR COVERINGS

Directors
The directors shown below have held office during the whole of the period from
01st April 2014 to 31st March 2015
T HOOPER
J PHILLIPS

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 18 December 2015
And Signed On Behalf Of The Board By:

Name: T HOOPER
Status: Director

DRAKEPINE LIMITED

Profit and Loss Account

for the Period Ended 31st March 2015

Notes 2015
£
2014
£
Turnover: 1,788,002 1,685,286
Cost of sales: 1,221,160 1,190,215
Gross profit or (loss): 566,842 495,071
Administrative expenses: , 541,897 459,034
Other operating income: 135 326
Operating profit or (loss): 25,080 36,363
Profit or (loss) on ordinary activities before taxation: 25,080 36,363
Tax on profit or (loss) on ordinary activities: 100 3,891
Profit or (loss) for the financial year: 24,980 32,472

The notes form part of these financial statements

DRAKEPINE LIMITED

Statement of total recognised gains and losses
31st March 2015

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

DRAKEPINE LIMITED

Balance sheet
As at 31st March 2015

Notes 2015
£
2014
£
Fixed assets
Tangible assets: 2 50,720 26,989
Total fixed assets: 50,720 26,989
Current assets
Stocks: 152,000 65,741
Debtors: 168,189 226,378
Cash at bank and in hand: 382,150 319,289
Total current assets: 702,339 611,408
Creditors: amounts falling due within one year 463,578 331,696
Net current assets (liabilities): 238,761 279,712
Total assets less current liabilities: 289,481 306,701
Total net assets (liabilities): 289,481 306,701

The notes form part of these financial statements

DRAKEPINE LIMITED

Balance sheet
As at 31st March 2015
continued

Notes 2015
£
2014
£
Capital and reserves
Called up share capital: 3 1,143 1,143
Profit and Loss account: 4 288,338 305,558
Total shareholders funds: 289,481 306,701

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 2008).

The financial statements were approved by the Board of Directors on 18 December 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: T HOOPER
Status: Director

The notes form part of these financial statements

DRAKEPINE LIMITED

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    HISTORIC COST

    Turnover policy

    BILLED

    Tangible fixed assets depreciation policy

    20%WDV

DRAKEPINE LIMITED

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 2. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st April 2014: - - 148,916 - - 148,916
    Additions: - - 36,411 - - 36,411
    At 31st March 2015: - - 185,327 - - 185,327
    Depreciation
    At 01st April 2014: - - 121,927 - - 121,927
    Charge for year: - - 12,680 - - 12,680
    At 31st March 2015: - - 134,607 - - 134,607
    Net book value
    At 31st March 2015: - - 50,720 - - 50,720
    At 31st March 2014: - - 26,989 - - 26,989

DRAKEPINE LIMITED

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,143 1.00
    1.00
    1,143
    Total share capital: 1,143
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1,143 1.00
    1.00
    1,143
    Total share capital: 1,143

DRAKEPINE LIMITED

Notes to the Financial Statements
for the Period Ended
31st March 2015

  • 4. Profit and loss account

    2015 2014
    £ £
    Opening balance: 305,558 313,086
    Profit or (loss) for the period: 24,980 32,472
    Equity dividends paid: 42,200 40,000
    Retained profit: 288,338 305,558