The Donkey Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08037219 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2015

for

The Donkey Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D Buckingham

REGISTERED OFFICE:

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

REGISTERED NUMBER:

08037219 (England and Wales)

ACCOUNTANTS:

Morley & Co (UK) Ltd

Chartered Certified Accountants,

2 Cricklade Court

Old Town

Swindon

Wiltshire

SN1 3EY

FIXED ASSETS

Intangible assets

2

68,000

72,000

Tangible assets

3

4,622

6,342

72,622

78,342

CURRENT ASSETS

Stocks

5,100

2,950

Debtors

12,237

15,807

Cash at bank and in hand

7,907

1,281

25,244

20,038

CREDITORS

Amounts falling due within one year

17,130

23,949

NET CURRENT ASSETS/(LIABILITIES)

8,114

(3,911

)

TOTAL ASSETS LESS CURRENT LIABILITIES

80,736

74,431

CREDITORS

Amounts falling due after more than one year

4

95,955

93,860

NET LIABILITIES

(15,219

)

(19,429

)

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

(15,319

)

(19,529

)

SHAREHOLDERS' FUNDS

(15,219

)

(19,429

)

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 director acknowledges his 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 director on 28 December 2015 and were signed by:

D Buckingham - 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 goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

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

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

25% 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 is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

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

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

80,000

AMORTISATION

At 1 September 2014

8,000

Amortisation for year

4,000

At 31 August 2015

12,000

NET BOOK VALUE

At 31 August 2015

68,000

At 31 August 2014

72,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

and 31 August 2015

9,452

DEPRECIATION

At 1 September 2014

3,110

Charge for year

1,720

At 31 August 2015

4,830

NET BOOK VALUE

At 31 August 2015

4,622

At 31 August 2014

6,342

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

4,800

10,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary £1 Shares

£1

100

100

6.	GOING CONCERN

At the balance sheet date the company had net current assets of £8,114 (2014: net current liabilities of £3,911) a

negative balance sheet of £15,219 (2014: £19,429) and made a trading profit for the year of £5,288 (2014:

trading loss of £11,016)

The directors have considered the cashflow and profitability of the business and they are of the opinion that the

company will generate sufficient revenues to enable the company to meet its day to day trading needs.

Consequently, the directors continue to believe that the going concern basis is appropriate in the preparation of

these accounts.

If adoption of the going concern basis were inappropriate, adjustments would be required to write down assets to

their recoverable value, to reclassify fixed assets as current assets and to provide for any further liabilities that

may arise.