Decade Distribution Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 03297422 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2015

for

Decade Distribution Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C McNulty

SECRETARY:

P McNulty

REGISTERED OFFICE:

3 Keable Road

Wrecclesham

Farnham

Surrey

GU10 4PW

REGISTERED NUMBER:

03297422 (England and Wales)

ACCOUNTANTS:

Richard Morgan and Company

Chartered Accountants

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

CURRENT ASSETS

Stocks

1,957

256

Debtors

16,323

22,994

Cash at bank

854,645

872,030

872,925

895,280

CREDITORS

Amounts falling due within one year

84,809

72,296

NET CURRENT ASSETS

788,116

822,984

TOTAL ASSETS LESS CURRENT
LIABILITIES

788,116

822,984

CAPITAL AND RESERVES

Called up share capital

3

4

Profit and loss account

788,112

822,980

SHAREHOLDERS' FUNDS

788,116

822,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 4 July 2016 and were signed by:

C McNulty - 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.

Furniture & Equipment

-

25% on cost

Stocks

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

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Furniture

& Equipment

£

COST

At 1 November 2014

and 31 October 2015

650

DEPRECIATION

At 1 November 2014

and 31 October 2015

650

NET BOOK VALUE

At 31 October 2015

-

At 31 October 2014

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

4

Ordinary

£1

4