Dance & Dean Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 04128512 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

FOR

DANCE & DEAN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr A Dance

Mrs C A Dance

REGISTERED OFFICE:

61 Station Road

Sudbury

Suffolk

CO10 2SP

REGISTERED NUMBER:

04128512 (England and Wales)

ACCOUNTANTS:

Seago and Stopps

Chartered Certified Accountants

61 Station Road

Sudbury

Suffolk

CO10 2SP

FIXED ASSETS

243,787

Tangible assets

2

293,384

-

Investment property

3

450,000

243,787

743,384

CURRENT ASSETS

58,275

Stocks

138,196

1,189,574

Debtors

596,968

687,883

Cash at bank and in hand

1,037,922

1,935,732

1,773,086

CREDITORS

960,859

Amounts falling due within one year

667,504

974,873

NET CURRENT ASSETS

1,105,582

1,218,660

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,848,966

CREDITORS

43,046

Amounts falling due after more than one
year

38,280

1,175,614

NET ASSETS

1,810,686

CAPITAL AND RESERVES

10

Called up share capital

4

10

1

Capital redemption reserve

1

-

Investment property reserve

40,653

1,175,603

Profit and loss account

1,770,022

1,175,614

SHAREHOLDERS' FUNDS

1,810,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 14 October 2016 and were signed on
its behalf by:

Mrs C A Dance - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising

from changes in market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

382,038

Additions

148,768

Disposals

(43,498

)

At 31 December 2015

487,308

DEPRECIATION

At 1 January 2015

138,251

Charge for year

85,526

Eliminated on disposal

(29,853

)

At 31 December 2015

193,924

NET BOOK VALUE

At 31 December 2015

293,384

At 31 December 2014

243,787

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

Additions

409,347

Revaluations

40,653

At 31 December 2015

450,000

NET BOOK VALUE

At 31 December 2015

450,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

10

Ordinary

£1

10