Abbreviated Company Accounts - DESIGN STORY LIMITED

DESIGN STORY LIMITED - Company Information

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Registered Number 06722779

DESIGN STORY LIMITED

Abbreviated Accounts

30 September 2015

DESIGN STORY LIMITED Registered Number 06722779

Abbreviated Balance Sheet as at 30 September 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	74	150
		74	150
Current assets
Debtors		2,955	2,479
Cash at bank and in hand		1,631	538
		4,586	3,017
Creditors: amounts falling due within one year		(4,369)	(13,896)
Net current assets (liabilities)		217	(10,879)
Total assets less current liabilities		291	(10,729)
Provisions for liabilities		(15)	(30)
Total net assets (liabilities)		276	(10,759)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		275	(10,760)
Shareholders' funds		276	(10,759)

For the year ending 30 September 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 27 June 2016

And signed on their behalf by:
Mr Davinder Shinh, Director

DESIGN STORY LIMITED Registered Number 06722779

Notes to the Abbreviated Accounts for the period ended 30 September 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 the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings straight line 25%
Computer Equipment straight line 50%

Other accounting policies
Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

2Tangible fixed assets

	£
Cost
At 1 October 2014	3,795
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2015	3,795
Depreciation
At 1 October 2014	3,645
Charge for the year	76
On disposals	-
At 30 September 2015	3,721
Net book values
At 30 September 2015	74
At 30 September 2014	150

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	Mr Davinder Shinh
Description of the transaction:	Related Party Transactions
Balance at 1 October 2014:	£ 7,854
Advances or credits made:	-
Advances or credits repaid:	£ 7,310
Balance at 30 September 2015:	£ 544

The director does not have any material interest, direct or indirect, in any contract entered into by the company.

Amount owed to the director, Mr Davinder Shinh, as at Y/E: 30/09/2015 is £544 (2014: £7,854).