D S Callards Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02825085 (England and Wales)

D S CALLARDS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr A F Handley

Mr R J Kemp

SECRETARY:

Mr R J Kemp

REGISTERED OFFICE:

2-3 Station Yard

Ashburton

Devon

TQ13 7EF

REGISTERED NUMBER:

02825085 (England and Wales)

ACCOUNTANTS:

Mark Holt & Co Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

FIXED ASSETS

Tangible assets

2

7,534

7,667

CURRENT ASSETS

Stocks

16,727

1,627

Debtors

3

289,275

269,810

Cash at bank and in hand

105,094

207,162

411,096

478,599

CREDITORS

Amounts falling due within one year

315,053

400,416

NET CURRENT ASSETS

96,043

78,183

TOTAL ASSETS LESS CURRENT LIABILITIES

103,577

85,850

CAPITAL AND RESERVES

Called up share capital

4

51,000

51,000

Profit and loss account

52,577

34,850

SHAREHOLDERS' FUNDS

103,577

85,850

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12 January 2016 and were signed on its behalf by:

Mr A F Handley - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of computer software, hardware and support services, excluding value added tax. All

support services are invoiced at the beginning of the contract and the profit is accrued over the period to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

50% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different

from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences

which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply

when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet

date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result.

Operating lease commitments

Rentals paid under operating leases are charged to the profit & loss account on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

166,039

Additions

9,889

At 31 August 2015

175,928

DEPRECIATION

At 1 September 2014

158,372

Charge for year

10,022

At 31 August 2015

168,394

NET BOOK VALUE

At 31 August 2015

7,534

At 31 August 2014

7,667

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 145,215 (2014 - £ 144,453 )

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

5,100,000

Ordinary

1p

51,000

51,000

5.	ULTIMATE PARENT COMPANY