DRAGISO_LTD. - Accounts

DRAGISO LTD. - Company Information

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Company Registration No. 06991370 (England and Wales)

DRAGISO LTD.

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

DRAGISO LTD.

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

DRAGISO LTD.

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

1,282

1,709

Current assets

Debtors

9,723

129,600

Cash at bank and in hand

172,310

67,048

182,033

196,648

Creditors: amounts falling due within one year

(61,919)

(25,951)

Net current assets

120,114

170,697

Total assets less current liabilities

121,396

172,406

Provisions for liabilities

(257)

(129,942)

121,139

42,464

Capital and reserves

Called up share capital

100

Profit and loss account

121,039

42,364

Shareholder's funds

121,139

42,464

For the financial year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his 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 12 April 2016

Mr D Kubach

Director

Company Registration No. 06991370

DRAGISO LTD.

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 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.

1.3

Turnover

Turnover represents amounts receivable for s ervices net of VAT .services net of VAT.

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:

Computer equipment

25% reducing balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 September 2014 & at 31 August 2015

3,755

Depreciation

At 1 September 2014

2,046

Charge for the year

427

At 31 August 2015

2,473

Net book value

At 31 August 2015

1,282

At 31 August 2014

1,709

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100