Company Registration No. 02607109 (England and Wales)
DAILYROUND LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 1 NOVEMBER 2015
DAILYROUND LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
DAILYROUND LIMITED
ABBREVIATED BALANCE SHEET
AS AT
1 NOVEMBER 2015
01 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
90,050
90,050
Current assets
Debtors
125
6,375
Cash at bank and in hand
9,528
-
9,653
6,375
Creditors: amounts falling due within one year
(5,863)
(14,197)
Net current assets/(liabilities)
3,790
(7,822)
Total assets less current liabilities
93,840
82,228
Capital and reserves
Called up share capital
3
11
11
Profit and loss account
93,829
82,217
Shareholders' funds
93,840
82,228
For the financial year ended 1 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 28 January 2016
A G Ireland
Director
Company Registration No. 02607109
DAILYROUND LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 1 NOVEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents the total amount receivable by the company, in the ordinary course of business, for rent and ground rent receivable and premiums in respect of lease extension.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
No depreciation is provided in respect of freehold land.
2
Fixed assets
Tangible assets
£
Cost
At 2 November 2014 & at 1 November 2015
90,050
At 1 November 2014
90,050
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
11 ordinary shares of £1 each
11
11
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