Company Registration No. 06824282 (England and Wales)
DEMONEY MANAGEMENT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
DEMONEY MANAGEMENT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
DEMONEY MANAGEMENT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
2,602
104
Current assets
Cash at bank and in hand
32,100
28,748
Creditors: amounts falling due within one year
(7,141)
(7,325)
Net current assets
24,959
21,423
Total assets less current liabilities
27,561
21,527
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
26,561
20,527
Shareholders' funds
27,561
21,527
For the financial year ended 28 February 2016 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 19 September 2016
Emerson Bedford
Director
Company Registration No. 06824282
DEMONEY MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 2 -
1
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 January 2015).
1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
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:
Fixtures, fittings & equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 March 2015
549
Additions
3,365
At 28 February 2016
3,914
Depreciation
At 1 March 2015
445
Charge for the year
867
At 28 February 2016
1,312
Net book value
At 28 February 2016
2,602
At 28 February 2015
104
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1,000 Ordinary Shares of £1 each
1,000
1,000
4
Ultimate parent company
The company is controlled by E Bedford who owns all the shares in the company.
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