Abbreviated Company Accounts - DM SULLIVAN FURNISHING LIMITED

Abbreviated Company Accounts - DM SULLIVAN FURNISHING LIMITED

DM SULLIVAN FURNISHING LIMITED - Company Information

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Registered Number 07865538

DM SULLIVAN FURNISHING LIMITED

Abbreviated Accounts

30 November 2015

DM SULLIVAN FURNISHING LIMITED Registered Number 07865538

Abbreviated Balance Sheet as at 30 November 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 5,300 1,630
5,300 1,630
Current assets
Stocks 10,219 7,302
Debtors 1,032 3,582
Cash at bank and in hand 2,992 1,648
14,243 12,532
Creditors: amounts falling due within one year (18,732) (13,793)
Net current assets (liabilities) (4,489) (1,261)
Total assets less current liabilities 811 369
Total net assets (liabilities) 811 369
Capital and reserves
Called up share capital 100 100
Profit and loss account 711 269
Shareholders' funds 811 369
  • For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 17 August 2016

And signed on their behalf by:
Mr. Douglas Sullivan, Director

DM SULLIVAN FURNISHING LIMITED Registered Number 07865538

Notes to the Abbreviated Accounts for the period ended 30 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year
and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 15% Reducing balance method.

2Tangible fixed assets
£
Cost
At 1 December 2014 2,655
Additions 4,350
Disposals -
Revaluations -
Transfers -
At 30 November 2015 7,005
Depreciation
At 1 December 2014 1,025
Charge for the year 680
On disposals -
At 30 November 2015 1,705
Net book values
At 30 November 2015 5,300
At 30 November 2014 1,630