DS Inns Ltd - Abbreviated accounts 16.1

DS Inns Ltd - Abbreviated accounts 16.1

DS INNS LTD - Company Information

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REGISTERED NUMBER: NI625578 (Northern Ireland)














ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD

8 JULY 2014 TO 31 DECEMBER 2015

FOR

DS INNS LTD

DS INNS LTD (REGISTERED NUMBER: NI625578)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 8 JULY 2014 TO 31 DECEMBER 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

DS INNS LTD

COMPANY INFORMATION
FOR THE PERIOD 8 JULY 2014 TO 31 DECEMBER 2015







DIRECTORS: Mrs J C Bell
Mr D Bell
Mrs S Smyth
Mr L Smyth



REGISTERED OFFICE: 17 Market Street
Downpatrick
Co. Down
BT30 6LP



REGISTERED NUMBER: NI625578 (Northern Ireland)



ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Rathmore House
52 St. Patricks Avenue
Downpatrick
Co. Down
BT30 6DS



BANKERS: Bank of Ireland
80-82 Market Street
Downpatrick
Down
BT30 6LZ
1
DS INNS LTD (REGISTERED NUMBER: NI625578)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2015

Notes £    £   
FIXED ASSETS
Intangible assets 2 -
Tangible assets 3 179,333
179,333

CURRENT ASSETS
Debtors 3,709
Cash at bank 28,408
32,117
CREDITORS
Amounts falling due within one year 242,520
NET CURRENT LIABILITIES (210,403 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(31,070
)

CAPITAL AND RESERVES
Called up share capital 4 4
Profit and loss account (31,074 )
SHAREHOLDERS' FUNDS (31,070 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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 5 July 2016 and were signed on its behalf by:




Mr L Smyth - Director


The notes form part of these abbreviated accounts

2
DS INNS LTD (REGISTERED NUMBER: NI625578)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD 8 JULY 2014 TO 31 DECEMBER 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 January 2015).

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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

Land and buildings - not provided
Plant and machinery etc - not provided

As shown above no depreciation charge has been made to freehold property or fixtures and fittings on the
grounds that the estimated residual value of the fixed assets are higher than the carrying value of the assets.

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

Going concern
At the time of approving the accounts the directors of the company propose to wind down the business and then
eventually cease trade.

For this reason the directors are not adopting the going concern basis however all the assets and liabilities within
the financial statements are recognised and measured on the basis that the company directors expect to recover
and discharge them.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
Additions 121,703
Disposals (104,203 )
At 31 December 2015 17,500
AMORTISATION
Amortisation for period 17,500
At 31 December 2015 17,500
NET BOOK VALUE

At 31 December 2015 -

3 continued...
DS INNS LTD (REGISTERED NUMBER: NI625578)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE PERIOD 8 JULY 2014 TO 31 DECEMBER 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
Additions 179,333
At 31 December 2015 179,333
NET BOOK VALUE
At 31 December 2015 179,333

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
4 Ordinary 1 4

4