Days Re-use Centre Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07369304 (England and Wales)

Days Re-use Centre Ltd

Abbreviated Unaudited Accounts

For The Year Ended 30th September 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs J James

A A Day

REGISTERED OFFICE:

310 Wellingborough Road

Northampton

Northamptonshire

NN1 4EP

REGISTERED NUMBER:

07369304 (England and Wales)

ACCOUNTANTS:

Cheney & Co

310 Wellingborough Road

Northampton

NN1 4EP

FIXED ASSETS

Tangible assets

2

-

20,094

CURRENT ASSETS

Stocks

-

15,000

Debtors

2,898

26,343

Cash at bank and in hand

16,697

26,198

19,595

67,541

CREDITORS

Amounts falling due within one year

23,273

54,558

NET CURRENT (LIABILITIES)/ASSETS

(3,678

)

12,983

TOTAL ASSETS LESS CURRENT LIABILITIES

(3,678

)

33,077

PROVISIONS FOR LIABILITIES

-

4,000

NET (LIABILITIES)/ASSETS

(3,678

)

29,077

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(3,778

)

28,977

SHAREHOLDERS' FUNDS

(3,678

)

29,077

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 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 12th November 2016 and were signed on its behalf by:

A A Day - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention 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.

Plant and machinery etc

-

33% on cost and 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

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

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

44,289

Disposals

(44,289

)

At 30th September 2016

-

DEPRECIATION

At 1st October 2015

24,195

Eliminated on disposal

(24,195

)

At 30th September 2016

-

NET BOOK VALUE

At 30th September 2016

-

At 30th September 2015

20,094

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100