D & H Fishmongers Ltd - Period Ending 2015-12-31

Registration number: 07870886

D & H Fishmongers Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

M G Associates Limited
Chartered Accountants & Business Advisors
36 Victoria Road
Dartmouth
Devon
TQ6 9SB

D & H Fishmongers Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

D & H Fishmongers Ltd
(Registration number: 07870886)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					6,180			7,785
Current assets
Stocks					1,000			1,500
Debtors					4,478			3,532
Cash at bank and in hand					1,205			162
					6,683			5,194
Creditors: Amounts falling due within one year					(10,556)			(13,545)
Net current liabilities					(3,873)			(8,351)
Net assets/(liabilities)					2,307			(566)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					2,305			(568)
Shareholders' funds/(deficit)					2,307			(566)

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 13 March 2016 and signed on its behalf by:

.........................................
Mr Jonathon Marc Bond
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

D & H Fishmongers Ltd
(Registration number: 07870886)
Abbreviated Balance Sheet at 31 December 2015
......... continued

.........................................
Mr Adrian Grimshaw
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

D & H Fishmongers Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	20% Reducing balance
Motor vehicles	25% Reducing balance

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

D & H Fishmongers Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		15,606			15,606
At 31 December 2015		15,606			15,606
Depreciation
At 1 January 2015		7,821			7,821
Charge for the year		1,605			1,605
At 31 December 2015		9,426			9,426
Net book value
At 31 December 2015		6,180			6,180
At 31 December 2014		7,785			7,785

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 4