DERMOT_LIMITED - Accounts

DERMOT LIMITED - Company Information

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Company Registration No. 04950537 (England and Wales)

DERMOT LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

DERMOT LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

DERMOT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2013

- 1 -

2013

2012

Notes

Fixed assets

Tangible assets

6,419

8,157

Current assets

Stocks

700

Debtors

15,802

7,076

Cash at bank and in hand

4,345

13,720

20,847

21,496

Creditors: amounts falling due within one year

(10,923)

(9,214)

Net current assets

9,924

12,282

Total assets less current liabilities

16,343

20,439

Provisions for liabilities

(744)

(580)

15,599

19,859

Capital and reserves

Called up share capital

100

Profit and loss account

15,499

19,759

Shareholders' funds

15,599

19,859

DERMOT LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2013

- 2 -

For the financial year ended 31 December 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges her 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 15 August 2014

Mrs D J Boyle

Director

Company Registration No. 04950537

DERMOT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

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 April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable accounting standards.

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

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:

Plant and machinery

25% Reducing balance

Computer equipment

33.33% Straight line

Fixtures, fittings & equipment

15% Reducing balance

1.6

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 January 2013

45,000

36,565

81,565

Additions

316

At 31 December 2013

45,000

36,881

81,881

Depreciation

At 1 January 2013

45,000

28,408

73,408

Charge for the year

2,054

At 31 December 2013

45,000

30,462

75,462

Net book value

At 31 December 2013

6,419

At 31 December 2012

8,157

DERMOT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2013

- 4 -

Share capital

2013

2012

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Related party relationships and transactions

Loans to directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Director loan

1,143

26,678

(19,100)

8,721

1,143

26,678

(19,100)

8,721