DOORMASTER_(UK)_LIMITED - Accounts

DOORMASTER (UK) LIMITED - Company Information

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Company Registration No. 04212003 (England and Wales)

DOORMASTER (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2015

DOORMASTER (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

DOORMASTER (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

1,654

Creditors: amounts falling due within one year

(89,138)

(83,760)

Total assets less current liabilities

(87,484)

(82,106)

Capital and reserves

Called up share capital

Profit and loss account

(87,492)

(82,114)

Shareholders' funds

(87,484)

(82,106)

For the financial year ended 31 August 2015 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 12 July 2016

Mr J A Burridge

Director

Company Registration No. 04212003

DOORMASTER (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2015

- 2 -

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).

The current economic climate is challenging, and the company has reported a loss for the year as well as having an insolvent balance sheet. The directors consider that the outlook presents significant challenges in terms of sales. Whilst the directors have instituted measures to secure sufficient finance, these circumstances create material uncertainties over future trading results and cashflows.

The directors are confident that as the economy improves, sales will enable the company to begin to make a profit.

The directors have concluded that the combination of these circumstances represents a material uncertainty that casts significant doubt upon the company's ability to continue as a going concern. Nevertheless after making enquiries, and considering the uncertainties described above, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For these reasons, they continue to adopt the going concern basis in preparing the annual report and accounts.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

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:

Plant and machinery

20% Straight Line

Share capital

2015

2014

Allotted, called up and fully paid

8 Ordinary Shares of £1 each