DOME_ANTIQUES_(EXPORTS)_L - Accounts
DOME_ANTIQUES_(EXPORTS)_L - Accounts
Company Registration No. 01402396 (England and Wales)
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2014
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
(17,128 )
(54,828 )
Net current assets
Total assets less current liabilities
Provisions for liabilities
(12 )
(71 )
3,046,652
3,053,619
Capital and reserves
Called up share capital
3
Revaluation reserve
Profit and loss account
Shareholders' funds
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2014
- 2 -
Directors' responsibilities:
-
-
Approved by the Board for issue on 22 September 2014
Director
Company Registration No. 01402396
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2014
1
Accounting policies
1.1
Accounting convention
1.2
Turnover
1.3
Tangible fixed assets and depreciation
Computer equipment
Fixtures, fittings and equipment
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is only necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is only necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
1.4
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2014
- 4 -
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 May 2013
2,307,117
Additions
1,255
At 30 April 2014
2,308,372
Depreciation
At 1 May 2013
1,997
Charge for the year
414
At 30 April 2014
2,411
Net book value
At 30 April 2014
2,305,961
At 30 April 2013
2,305,120
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
The 'A' and 'B' ordinary shares constitute different classes of share for the purposes of the Companies Act 2006. 'A' shares and 'B' shares rank pari passu in all respects except that dividend rights for 'B' shares are not the same as for 'A' shares.
4
Transactions with directors
Included within other creditors is an amount of £1,842 (2013: £976) due from Mr A D Woolf.
5
Ultimate parent company
The ultimate parent company is Dome Management Limited.