Dorset Stone Company Ltd - Abbreviated accounts 16.1
Dorset Stone Company Ltd - Abbreviated accounts 16.1
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
FOR |
DORSET STONE COMPANY LTD |
DORSET STONE COMPANY LTD (REGISTERED NUMBER: 04884423) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
Page |
Abbreviated balance sheet | 1 |
Notes to the abbreviated accounts | 2 |
DORSET STONE COMPANY LTD (REGISTERED NUMBER: 04884423) |
ABBREVIATED BALANCE SHEET |
30 SEPTEMBER 2015 |
2015 | 2014 |
Notes | £ | £ | £ | £ |
Fixed assets |
Intangible assets | 2 |
Tangible assets | 3 |
Current assets |
Stocks |
Debtors |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 4 |
Profit and loss account | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
The director acknowledges her 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 financial statements were approved by the director on |
DORSET STONE COMPANY LTD (REGISTERED NUMBER: 04884423) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
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 income received from stone quarrying net of VAT and trade discounts. |
Licences |
Licences for quarrying rights and their associated costs are amortised over the life of the licence obtained. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Stocks |
Stock and Work In Progress are valued at the lower of cost and net realisable value. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
date. |
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital |
element of the future payments is treated as a liability. |
Working capital requirements |
The company made a loss during the year and has a deficiency of assets at the year end. The company is dependant upon |
the continued support of its director's. The director's give their assurance that they will provide sufficient further finance as |
may prove necessary to meet the company's working capital requirements. |
2. | Intangible fixed assets |
Total |
£ |
Cost |
Additions |
At 30 September 2015 |
Amortisation |
Amortisation for year |
At 30 September 2015 |
Net book value |
At 30 September 2015 |
DORSET STONE COMPANY LTD (REGISTERED NUMBER: 04884423) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2015 |
3. | Tangible fixed assets |
Total |
£ |
Cost |
At 1 October 2014 |
Additions |
At 30 September 2015 |
Depreciation |
At 1 October 2014 |
Charge for year |
At 30 September 2015 |
Net book value |
At 30 September 2015 |
At 30 September 2014 |
4. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
Ordinary | £1 |
5. | Related party disclosures |
As at the balance sheet date the company owed the director Mrs C Hoof £205,646 (2014 - £130,639). This can be found |
within other creditors. |
Included within other creditors at the balance sheet date was an amount of £51,947 (2014 - £51,947) owed to Hoof, Hoof & |
Nutting Rentals, a business in which Mrs C Hoof holds a two thirds share. |