D&K Pallets Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08200122 (England and Wales)

D&K Pallets Limited

Abbreviated Unaudited Accounts

for the Year Ended 30 September 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D L Brown

D A Brown

REGISTERED OFFICE:

Unit C3A

Carlinghow Mills

Bradford Road

Batley

West Yorkshire

WF17 8LN

REGISTERED NUMBER:

08200122 (England and Wales)

ACCOUNTANTS:

Howard & Co. Accountants LLP

6 Market Street

Birstall

West Yorkshire

WF17 9EN

FIXED ASSETS

Tangible assets

2

6,265

6,519

CURRENT ASSETS

Stocks

13,276

7,012

Debtors

53,475

27,087

Cash at bank

10,976

13,190

77,727

47,289

CREDITORS

Amounts falling due within one year

46,272

35,251

NET CURRENT ASSETS

31,455

12,038

TOTAL ASSETS LESS CURRENT
LIABILITIES

37,720

18,557

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

37,620

18,457

SHAREHOLDERS' FUNDS

37,720

18,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 13 June 2016 and were signed on its behalf by:

D A Brown - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

10,102

Additions

1,500

At 30 September 2015

11,602

DEPRECIATION

At 1 October 2014

3,583

Charge for year

1,754

At 30 September 2015

5,337

NET BOOK VALUE

At 30 September 2015

6,265

At 30 September 2014

6,519

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors: amounts falling due within one year, were loans from the directors of £28,570 (2014:

£20,747). The loans were interest free, with no fixed date for repayment.