Company Registration No. 08894052 (England and Wales)
DURKAN EVENTING LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
DURKAN EVENTING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
DURKAN EVENTING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
290
387
Current assets
Cash at bank and in hand
10,968
5,538
Creditors: amounts falling due within one year
(10,962)
(5,550)
Net current assets/(liabilities)
6
(12)
Total assets less current liabilities
296
375
Provisions for liabilities
(58)
(77)
238
298
Capital and reserves
Called up share capital
3
9
9
Profit and loss account
229
289
Shareholders' funds
238
298
For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 6 July 2016
V M Durkan
Director
Company Registration No. 08894052
DURKAN EVENTING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents amounts receivable for services net of VAT and trade discounts.
1.3
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment
25% reducing balance
1.4
Deferred taxation
Provision is made in full for all taxation deferred in respect of timing differences that have originated but not reversed by the balance sheet date, except for timing differences arising on revaluations of fixed assets which are not intended to be sold, gains on disposals of fixed assets which will be rolled over into replacement assets and earnings of overseas subsidiaries that are not intended to be remitted to the UK. No provision is made for taxation on permanent differences. Deferred tax assets are recognised to the extent that it is more likely than not that they will be recovered.
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015 and at 28 February 2016
516
Depreciation
At 1 March 2015
129
Charge for the year
97
At 28 February 2016
226
Net book value
At 28 February 2016
290
At 28 February 2015
387
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
9 Ordinary shares of £1 each
9
9
