D J Tools Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07541508 (England and Wales)

Abbreviated Accounts for the Year Ended 29 February 2016

for

D J Tools Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

5

DIRECTOR:

D Jacobs

SECRETARY:

Mrs J A Jacobs

REGISTERED OFFICE:

78 Church Lane

Sheffield

South Yorkshire

S17 3GT

REGISTERED NUMBER:

07541508 (England and Wales)

ACCOUNTANTS:

A H Accountancy Services

Incorporated Financial Accountants

61a Blagden Street

Sheffield

South Yorkshire

S2 5QS

FIXED ASSETS

Intangible assets

2

17,000

Tangible assets

3

11,114

15,025

28,114

32,025

CURRENT ASSETS

Stocks

9,580

12,675

Cash at bank and in hand

1,226

1,429

10,806

14,104

CREDITORS

Amounts falling due within one year

13,450

21,415

NET CURRENT LIABILITIES

(2,644

)

(7,311

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

25,470

24,714

CAPITAL AND RESERVES

Called up share capital

4

200

Profit and loss account

25,270

24,514

SHAREHOLDERS' FUNDS

25,470

24,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 November 2016 and were signed by:

D Jacobs - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

17,000

NET BOOK VALUE

At 29 February 2016

17,000

At 28 February 2015

17,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2015

and 29 February 2016

45,358

DEPRECIATION

At 1 March 2015

30,333

Charge for year

3,911

At 29 February 2016

34,244

NET BOOK VALUE

At 29 February 2016

11,114

At 28 February 2015

15,025

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.2.16

28.2.15

value:

£

200

Ordinary

1

200

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 29 February 2016 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

A H Accountancy Services

Incorporated Financial Accountants

61a Blagden Street

Sheffield

South Yorkshire

S2 5QS

30 November 2016