Abbreviated Company Accounts - DAVE FORD LIMITED

02905821 DAVE FORD LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 02905821 2014-09-01 2015-08-31 02905821 2015-08-31 02905821 2014-08-31 02905821 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 02905821 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 02905821

DAVE FORD LIMITED

Abbreviated Accounts

31 August 2015

DAVE FORD LIMITED Registered Number 02905821

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	7,190	9,810
		7,190	9,810
Current assets
Stocks		11,676	10,800
Debtors		109,329	101,221
Cash at bank and in hand		88,040	18,828
		209,045	130,849
Creditors: amounts falling due within one year	3	(71,786)	(51,985)
Net current assets (liabilities)		137,259	78,864
Total assets less current liabilities		144,449	88,674
Total net assets (liabilities)		144,449	88,674
Capital and reserves
Called up share capital	4	2	2
Profit and loss account		144,447	88,672
Shareholders' funds		144,449	88,674

For the year ending 31 August 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 14 January 2016

And signed on their behalf by:
D Ford, Director

DAVE FORD LIMITED Registered Number 02905821

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

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and Include the results of the Company's operations which are described in the Director’s Report and all of which are continuing.

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the
grounds that it is a small Company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.

Tangible/Intangible Fixed Assets and Depreciation

Fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and Fittings 10% Straight Line Basis
Goodwill 10% Straight Line Basis
Motor Vehicles 20% Straight Line Basis

Operating Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account
as incurred.

Stocks and Work in Progress

Stocks are valued at the lower cost and net realisable value after making due allowances for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads

Deferred Taxation

No provision is necessary

Transaction with Directors

Mr D Ford and Mrs J Ford are both Directors in J D Property and Management Limited from whom the company bought and sold services on normal commercial basis.

The financial statements are prepared under the historical cost convention and Include the results of the Company's operations which are described in the Director’s Report and all of which are continuing.

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the
grounds that it is a small Company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.

Tangible/Intangible Fixed Assets and Depreciation

Fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures and Fittings 10% Straight Line Basis
Goodwill 10% Straight Line Basis
Motor Vehicles 20% Straight Line Basis

Operating Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account
as incurred.

Stocks and Work in Progress

Stocks are valued at the lower cost and net realisable value after making due allowances for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads

Deferred Taxation

No provision is necessary

2Tangible fixed assets

	£
Cost
At 1 September 2014	22,717
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	22,717
Depreciation
At 1 September 2014	12,907
Charge for the year	2,620
On disposals	-
At 31 August 2015	15,527
Net book values
At 31 August 2015	7,190
At 31 August 2014	9,810

3Creditors

	2015 £	2014 £
Secured Debts	71,786	51,985

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2