Abbreviated Company Accounts - DALKEITH LABORATORIES LIMITED

Abbreviated Company Accounts - DALKEITH LABORATORIES LIMITED

DALKEITH LABORATORIES LIMITED - Company Information

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Registered Number 03704404

DALKEITH LABORATORIES LIMITED

Abbreviated Accounts

31 May 2015

DALKEITH LABORATORIES LIMITED Registered Number 03704404

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 49,000 57,000
Tangible assets 3 19,157 8,782
68,157 65,782
Current assets
Stocks 651,308 511,583
Debtors 2,185,937 2,110,919
Cash at bank and in hand 228,498 15,544
3,065,743 2,638,046
Creditors: amounts falling due within one year (1,033,813) (1,451,459)
Net current assets (liabilities) 2,031,930 1,186,587
Total assets less current liabilities 2,100,087 1,252,369
Total net assets (liabilities) 2,100,087 1,252,369
Capital and reserves
Called up share capital 4 1,000 1,000
Profit and loss account 2,099,087 1,251,369
Shareholders' funds 2,100,087 1,252,369
  • For the year ending 31 May 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 4 February 2016

And signed on their behalf by:
P N M Cox, Director

DALKEITH LABORATORIES LIMITED Registered Number 03704404

Notes to the Abbreviated Accounts for the period ended 31 May 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 goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 25% Reducing Balance

Other accounting policies
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

2Intangible fixed assets
£
Cost
At 1 June 2014 160,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2015 160,000
Amortisation
At 1 June 2014 103,000
Charge for the year 8,000
On disposals -
At 31 May 2015 111,000
Net book values
At 31 May 2015 49,000
At 31 May 2014 57,000
3Tangible fixed assets
£
Cost
At 1 June 2014 97,286
Additions 16,761
Disposals -
Revaluations -
Transfers -
At 31 May 2015 114,047
Depreciation
At 1 June 2014 88,504
Charge for the year 6,386
On disposals -
At 31 May 2015 94,890
Net book values
At 31 May 2015 19,157
At 31 May 2014 8,782
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
370 A Ordinary shares of £1 each 370 370
100 B Ordinary shares of £1 each 100 100
100 C Ordinary shares of £1 each 100 100
370 D Ordinary shares of £1 each 370 370
60 E Ordinary shares of £1 each 60 60