Abbreviated Company Accounts - DRUMMONDS LIMITED

Registered Number 05121663

DRUMMONDS LIMITED

Abbreviated Accounts

29 February 2016

DRUMMONDS LIMITED Registered Number 05121663

Abbreviated Balance Sheet as at 29 February 2016

	2016	2015
	£	£
Called up share capital not paid	-	-
Fixed assets
Intangible assets	-	-
Tangible assets	-	-
Investments	-	-
	-	-
Current assets
Stocks	-	-
Debtors	12,617	39,064
Investments	-	-
Cash at bank and in hand	322	1,512
	12,939	40,576
Prepayments and accrued income	-	6,000
Creditors: amounts falling due within one year	(2,730)	(49,144)
Net current assets (liabilities)	10,209	(2,568)
Total assets less current liabilities	10,209	(2,568)
Creditors: amounts falling due after more than one year	(3,967)	(3,967)
Provisions for liabilities	0	0
Accruals and deferred income	0	0
Total net assets (liabilities)	6,242	(6,535)
Capital and reserves
Called up share capital	100	100
Share premium account	0	0
Revaluation reserve	0	0
Other reserves	0	0
Profit and loss account	6,142	(6,635)
Shareholders' funds	6,242	(6,535)

For the year ending 29 February 2016 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 29 February 2016

And signed on their behalf by:
Marcel Jones, Director

DRUMMONDS LIMITED Registered Number 05121663

Notes to the Abbreviated Accounts for the period ended 29 February 2016

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 January 2015) [“the FRSSE”].

Turnover policy
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill, patents and trademarks and research and development costs) are amortised at rates calculated to write off the assets on a straight-line basis over their estimated useful economic lives. Impairment of intangible assets is reviewed where circumstances indicate that the carrying value of an assets may not be fully recoverable