2015-04-01
true
false
Private Limited Company
02158975
2016-03-31
02158975
2015-04-01
2016-03-31
02158975
2015-03-31
02158975
2014-04-01
2015-03-31
02158975
uk-bus:Director1
2015-04-01
2016-03-31
02158975
uk-gaap:ComputerEquipment
2015-04-01
2016-03-31
02158975
uk-gaap:AfterOneYear
2016-03-31
02158975
uk-gaap:AfterOneYear
2015-03-31
02158975
uk-bus:OrdinaryShareClass1
2016-03-31
iso4217:GBP
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02158975
2
Drogan Limited
For the year ended 31 March 2016
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Drogan Limited
2016
2015
2
850,000
825,165
850,000
825,165
3,650
-
-
3,650
| Creditors: amounts falling due within one year |
(89,709)
(133,479)
(86,059)
(133,479)
Net current liabilities
| Total assets less current liabilities |
716,521
739,106
| Creditors: amounts falling due after more than one year |
3
(171,445)
(157,457)
(53,089)
(48,089)
| Provisions for liabilities |
505,975
Net assets
519,572
15
4
15
319,871
339,871
166,089
199,686
505,975
519,572
Shareholders funds
| For the 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: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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. |
| Date approved by the board: 30 November 2016 |
| Mr Michael Thomas Huxtable Director |
| Signed on behalf of the board of directors |
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4
| Notes to the Abbreviated Financial Statements |
Drogan Limited
For the year ended 31 March 2016
| The financial statements are prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
| No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
| Investment properties are included in the balance sheet at their open market value at the balance sheet date. The |
| resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those |
| investment properties which are leasehold and where the unexpired lease term is less than 20 years. |
| Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective |
| January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be |
| depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to |
| give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation |
| and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
2 of 3
5
| Notes to the Abbreviated Financial Statements |
Drogan Limited
For the year ended 31 March 2016
835,678
25,000
860,678
10,513
165
Charge for year
10,678
850,000
825,165
2015
2016
| 3 Creditors due after more than one year |
143,859
157,847
Bank loans and overdrafts (secured)
| Allotted called up and fully paid |
2016
2015
| 15 Class A shares of £1.00 each |
15
15
15
15
3 of 3
