Abbreviated Company Accounts - DONBASS LIMITED

Registered Number 04502240

DONBASS LIMITED

Abbreviated Accounts

31 August 2015

DONBASS LIMITED Registered Number 04502240

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	668	767
		668	767
Current assets
Debtors	3	4,944	2,970
Cash at bank and in hand		170	125
		5,114	3,095
Prepayments and accrued income		-	177
Creditors: amounts falling due within one year		(18,354)	(12,736)
Net current assets (liabilities)		(13,240)	(9,464)
Total assets less current liabilities		(12,572)	(8,697)
Accruals and deferred income		(617)	(669)
Total net assets (liabilities)		(13,189)	(9,366)
Capital and reserves
Called up share capital		100	100
Other reserves		(9,467)	2,271
Profit and loss account		(3,822)	(11,737)
Shareholders' funds		(13,189)	(9,366)

For the year ending 31 August 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 26 May 2016

And signed on their behalf by:
Donald Blackburn, Director

DONBASS LIMITED Registered Number 04502240

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents amounts invoiced during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised when the seller obtains the right to consideration in exchange for its performance, usually on dispatch of the goods.

Tangible assets depreciation policy
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and accumulated impairment losses.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery 25% Net Book Value Ofﬁce equipment 25% Net Book Value

2Tangible fixed assets

	£
Cost
At 1 September 2014	4,505
Additions	124
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	4,629
Depreciation
At 1 September 2014	3,738
Charge for the year	223
On disposals	-
At 31 August 2015	3,961
Net book values
At 31 August 2015	668
At 31 August 2014	767

3Debtors

2014:
Corporation Tax: £1,557
VAT: £1,413
2015.
Petty Cash: £170
VAT: £276