LAURA_DARRINGTON_DESIGN_L - Accounts

LAURA DARRINGTON DESIGN LIMITED - Company Information

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Company Registration No. 06431986 (England and Wales)

LAURA DARRINGTON DESIGN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

LAURA DARRINGTON DESIGN LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

LAURA DARRINGTON DESIGN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

14,634

15,884

Tangible assets

14,354

5,478

28,988

21,362

Current assets

Stocks

107,914

114,874

Debtors

108,529

110,041

Cash at bank and in hand

138,593

56,607

355,036

281,522

Creditors: amounts falling due within one year

(170,195)

(128,171)

Net current assets

184,841

153,351

Total assets less current liabilities

213,829

174,713

Provisions for liabilities

(1,175)

(1,096)

212,654

173,617

Capital and reserves

Called up share capital

Profit and loss account

212,653

173,616

Shareholders' funds

212,654

173,617

LAURA DARRINGTON DESIGN LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 30 November 2016

L Darrington

Director

Company Registration No. 06431986

LAURA DARRINGTON DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

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

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

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:

Property costs

Straight line over 10 years

Fixtures, fittings & equipment

Straight line over 5 years

1.5

Pensions

The company makes contributions to the personal pension scheme of the director and certain employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

LAURA DARRINGTON DESIGN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 April 2015

25,000

15,159

40,159

Additions

11,374

Disposals

(4,626)

At 31 March 2016

25,000

21,907

46,907

Depreciation

At 1 April 2015

9,116

9,681

18,797

On disposals

(4,626)

Charge for the year

1,250

2,498

3,748

At 31 March 2016

10,366

7,553

17,919

Net book value

At 31 March 2016

14,634

14,354

28,988

At 31 March 2015

15,884

5,478

21,362

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary share of £1 each