Dovey Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06019808 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

DOVEY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mr R A Dovey

Mr L R W Dovey

SECRETARY:

Mr P O'Hare

REGISTERED OFFICE:

97a High Street

Lymington

Hampshire

SO41 9AP

BUSINESS ADDRESS:

Lynwood

Culverley Farm

Lyndhurst Road

Beaulieu

Hampshire

SO42 7YP

REGISTERED NUMBER:

06019808 (England and Wales)

ACCOUNTANTS:

Casson Beckman

Chartered Accountants

97a High Street

Lymington

Hampshire

SO41 9AP

FIXED ASSETS

Tangible assets

2

17,525

29,654

CURRENT ASSETS

Stocks

53,440

36,983

Debtors

85,095

43,879

Cash at bank and in hand

41

55,611

138,576

136,473

CREDITORS

Amounts falling due within one year

3

107,958

138,126

NET CURRENT ASSETS/(LIABILITIES)

30,618

(1,653

)

TOTAL ASSETS LESS CURRENT LIABILITIES

48,143

28,001

CREDITORS

Amounts falling due after more than one year

3

(8,207

)

-

PROVISIONS FOR LIABILITIES

(3,505

)

-

NET ASSETS

36,431

28,001

CAPITAL AND RESERVES

Called up share capital

4

100

100

Retained earnings

36,331

27,901

SHAREHOLDERS' FUNDS

36,431

28,001

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 15 March 2016 and were signed on its behalf by:

Mr R A Dovey - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement in accordance with the Financial Reporting

Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents amounts receivable for goods sold and services rendered net of VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those

held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance

leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

45,849

Additions

16,180

Disposals

(25,498

)

At 31 December 2015

36,531

DEPRECIATION

At 1 January 2015

16,195

Charge for year

10,035

Eliminated on disposal

(7,224

)

At 31 December 2015

19,006

NET BOOK VALUE

At 31 December 2015

17,525

At 31 December 2014

29,654

3.

CREDITORS

Creditors include an amount of £ 11,854 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary shares

£1

100

100