DWC Associates Limited - Period Ending 2015-07-31

Registration number: 05881125

DWC Associates Limited

Unaudited abbreviated accounts

for the year ended 31 July 2015
 

DWC Associates Limited
Contents

Abbreviated balance sheet 1 to 2

Notes to the abbreviated accounts 3 to 4

DWC Associates Limited
(Registration number: 05881125)
Abbreviated balance sheet at 31 July 2015

		Note			2015 £			2014 £
Current assets
Cash at bank and in hand					64			424
Creditors: amounts falling due within one year					(13,489)			(13,104)
Net liabilities					(13,425)			(12,680)
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					(14,425)			(13,680)
Shareholders' deficit					(13,425)			(12,680)

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

DWC Associates Limited
(Registration number: 05881125)
Abbreviated balance sheet at 31 July 2015
......... continued

For the year ending 31 July 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the board on 19 April 2016 and signed on its behalf by:

.........................................
Mr D Coates
Director

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

DWC Associates Limited
Notes to the abbreviated accounts for the year ended 31 July 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 April 2008).

Going concern

The balance sheet shows that the company's liabilities exceeded its assets at 31 July 2015 by £13,425. Liabilities included amounts owing to the directors of £13,107. Repayments of these advances will not be made if to do so would prejudice the company's ability to meet its other liabilities on a day to day basis. Therefore, the directors consider it appropriate to prepare the financial statements on a going concern basis.

Depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Asset class	Depreciation rate and method
Office equipment	33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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

DWC Associates Limited
Notes to the abbreviated accounts for the year ended 31 July 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 August 2014		2,485			2,485
At 31 July 2015		2,485			2,485
Depreciation
At 1 August 2014		2,485			2,485
At 31 July 2015		2,485			2,485
Net book value
At 31 July 2015		-			-
At 31 July 2014		-			-

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A of £ 1 each		500			500			500			500
Ordinary B of £ 1 each		500			500			500			500
		1,000			1,000			1,000			1,000

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