DOUGLAS_HOLDINGS_LIMITED - Accounts

DOUGLAS HOLDINGS LIMITED - Company Information

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DOUGLAS HOLDINGS LIMITED

SC141463

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

30 NOVEMBER 2015

MESTON REID & CO.

CHARTERED ACCOUNTANTS

12 CARDEN PLACE

ABERDEEN

AB10 1UR

DOUGLAS HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

DOUGLAS HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2015

- 1 -

2015

2014

Notes

Current assets

Stocks

66,690

66,370

Debtors

231,272

109,539

Cash at bank and in hand

3,565

7,825

301,527

183,734

Creditors: amounts falling due within one year

(53,043)

(13,474)

Total assets less current liabilities

248,484

170,260

Capital and reserves

Called up share capital

Profit and loss account

248,482

170,258

Shareholders' funds

248,484

170,260

For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 29 August 2016

K S Douglas

Director

Company Registration No. SC141463

DOUGLAS HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 NOVEMBER 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).

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

Turnover

Turnover represents amounts receivable during the year in respect of business and management consultancy. Revenue from consulting is recognised when the service has been provided and all obligations to the customers under the consulting agreement have been fulfilled. Revenue from artwork is recognised at the point of sale.

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary Shares of £1 each