DOMICAN_ENTERPRISE_LIMITE - Accounts

DOMICAN ENTERPRISE LIMITED - Company Information

Print Friendly Version

Company Registration No. 08124796 (England and Wales)

DOMICAN ENTERPRISE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

DOMICAN ENTERPRISE LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DOMICAN ENTERPRISE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

Current assets

Debtors

351,122

12,891

Cash at bank and in hand

7,985

428,129

359,107

441,020

Creditors: amounts falling due within one year

(7,070)

(65,271)

Net current assets

352,037

375,749

Total assets less current liabilities

352,131

375,749

Capital and reserves

Called up share capital

100

Profit and loss account

352,031

375,649

Shareholders' funds

352,131

375,749

For the financial year ended 30 June 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 14 March 2016

D Domican

Director

Company Registration No. 08124796

DOMICAN ENTERPRISE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 2 -

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets 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:

Fixtures, fittings & equipment

25% straight line

Fixed assets

Tangible assets

Cost

At 1 July 2014

Additions

125

At 30 June 2015

125

Depreciation

At 1 July 2014

Charge for the year

At 30 June 2015

Net book value

At 30 June 2015

Share capital

2015

2014

Allotted, called up and fully paid

100 ordinary shares of £1 each

100

Related party relationships and transactions

DOMICAN ENTERPRISE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

Related party relationships and transactions

(Continued)

- 3 -

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

R Bertrand

3.25

(29,883)

338,376

10,026

318,519

(29,883)

338,376

10,026

318,519