D R Warehouse Limited - Period Ending 2014-03-31
D R Warehouse Limited - Period Ending 2014-03-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
D R Warehouse Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.
Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
D R Warehouse Limited
for the Year Ended 31 March 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of D R Warehouse Limited for the year ended 31 March 2014 set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.
We have carried out this engagement in accordance with technical guidance issued by the Association of Certified Public Accountants and have complied with the ethical guidance laid down by the Association relating to members undertaking the compilation of financial statements.
This report is made solely to the Board of Directors of D R Warehouse Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of D R Warehouse Limited and state those matters that we have agreed to state to them, as a body, in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D R Warehouse Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that D R Warehouse Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of D R Warehouse Limited. You consider that D R Warehouse Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of D R Warehouse Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Jeeves & Co Limited
Certified Public Accountants
20 Harborne Road
Edgbaston
Birmingham
B15 3AA
8 October 2014
D R Warehouse Limited
(Registration number: 02304469)
Abbreviated Balance Sheet at 31 March 2014
Note |
2014
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2013
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Mr P Lal
Director
2
D R Warehouse Limited
(Registration number: 02304469)
Abbreviated Balance Sheet at 31 March 2014
......... continued
.........................................
Mrs K Kaur
Director
3
D R Warehouse Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. The company requires the continued support of the creditors; bankers and directors to continue trading. The directors are responsible for the preparation of these accounts on a going concern basis unless it is inappropriate to assume that the company will continue in business. The directors are of the opinion that the company is a going concern.
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Fixtures and fittings |
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Office equipment |
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Motor vehicles |
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Stock
D R Warehouse Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued
Foreign currency
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 April 2013 |
45,000 |
123,227 |
168,227 |
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Additions |
- |
6,835 |
6,835 |
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At 31 March 2014 |
45,000 |
130,062 |
175,062 |
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Depreciation |
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At 1 April 2013 |
45,000 |
104,327 |
149,327 |
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Charge for the year |
- |
6,478 |
6,478 |
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At 31 March 2014 |
45,000 |
110,805 |
155,805 |
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Net book value |
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At 31 March 2014 |
- |
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At 31 March 2013 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2014
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2013
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Amounts falling due within one year |
30,525 |
30,525 |
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Amounts falling due after more than one year |
211,132 |
241,656 |
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Total secured creditors |
241,657 |
272,181 |
D R Warehouse Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued
Included in the creditors are the following amounts due after more than five years:
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2013
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2014 |
2013 |
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No. |
£ |
No. |
£ |
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