Dixons of Sudbury Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 01784555

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

DIXONS OF SUDBURY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P M Barnes

SECRETARY:

D N Richardson

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

01784555

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

2,338

Tangible assets

2

8,196

CURRENT ASSETS

42,362

Stocks

24,738

63,479

Debtors

74,220

20,322

Cash at bank

34,686

126,163

133,644

CREDITORS

31,082

Amounts falling due within one year

34,531

95,081

NET CURRENT ASSETS

99,113

97,419

TOTAL ASSETS LESS CURRENT
LIABILITIES

107,309

CREDITORS

190,242

Amounts falling due after more than one
year

190,242

(92,823

)

NET LIABILITIES

(82,933

)

CAPITAL AND RESERVES

1,000

Called up share capital

3

1,000

(93,823

)

Profit and loss account

(83,933

)

(92,823

)

SHAREHOLDERS' FUNDS

(82,933

)

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 24 May 2016 and were signed by:

P M Barnes - 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.

Leasehold improvements

-

25% on reducing balance

Workshop equipment

-

25% on reducing balance

Office furniture

-

25% on reducing balance

Stocks

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

obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

Going concern

These accounts have been prepared on the going concern basis, the validity of which is dependant

upon the continued support of an external investor. The investor has confirmed his support for a

period of at least twelve months from the date of signing these financial statements. The going

concern basis is therefore considered appropriate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

69,903

Additions

8,589

At 31 October 2015

78,492

DEPRECIATION

At 1 November 2014

67,565

Charge for year

2,731

At 31 October 2015

70,296

NET BOOK VALUE

At 31 October 2015

8,196

At 31 October 2014

2,338

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/15

31/10/14

value:

£

1,000

Ordinary

£1

1,000

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2015

and 31 October 2014:

31/10/15

31/10/14

£

P M Barnes

Balance outstanding at start of year

(8,597

)

6,000

Amounts advanced

4,104

3,600

Amounts repaid

(15,600

)

(18,197

)

Balance outstanding at end of year

(20,093

)

(8,597

)