Abbreviated Company Accounts - MR & MRS L DURASAMY & SONS LIMITED

MR & MRS L DURASAMY & SONS LIMITED - Company Information

03306792 MR & MRS L DURASAMY & SONS LIMITED 2015-04-30 false 2014-05-01 2015-04-30 true 03306792 2014-05-01 2015-04-30 03306792 2015-04-30 03306792 2014-04-30 03306792 uk-gaap-cd-bus:Director1 2014-05-01 2015-04-30 03306792 uk-gaap-cd-bus:Director2 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-01 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-30 iso4217:GBP shares

Registered Number 03306792

MR & MRS L DURASAMY & SONS LIMITED

Abbreviated Accounts

30 April 2015

MR & MRS L DURASAMY & SONS LIMITED Registered Number 03306792

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	431,297	434,665
Investments	3	1,465,000	1,465,000
		1,896,297	1,899,665
Current assets
Debtors		2,600	2,800
Cash at bank and in hand		1,523	-
		4,123	2,800
Creditors: amounts falling due within one year	4	(414,890)	(396,543)
Net current assets (liabilities)		(410,767)	(393,743)
Total assets less current liabilities		1,485,530	1,505,922
Creditors: amounts falling due after more than one year	4	(995,637)	(995,637)
Total net assets (liabilities)		489,893	510,285
Capital and reserves
Called up share capital	5	902	902
Share premium account		899,100	899,100
Revaluation reserve		125,708	150,658
Profit and loss account		(535,817)	(540,375)
Shareholders' funds		489,893	510,285

For the year ending 30 April 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 22 January 2016

And signed on their behalf by:
Loganathen Durasamy, Director

MR & MRS L DURASAMY & SONS LIMITED Registered Number 03306792

Notes to the Abbreviated Accounts for the period ended 30 April 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.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of services provided to customers

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off assets over their estimated useful lives:
Land and buildings 1% straight line
Plant and equipment 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 May 2014	503,342
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	503,342
Depreciation
At 1 May 2014	68,677
Charge for the year	3,368
On disposals	-
At 30 April 2015	72,045
Net book values
At 30 April 2015	431,297
At 30 April 2014	434,665

3Fixed assets Investments
The investment properties were revalued by the directors at the 30 April 2015 at a figure of £1,465,000 (original cost £1,339,292 (original cost 2014: £1,314,342))

4Creditors

	2015 £	2014 £
Secured Debts	995,637	995,637

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
902 Ordinary shares of £1 each	902	902