DALELONG_LIMITED - Accounts

DALELONG LIMITED - Company Information

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Company Registration No. 03097467 (England and Wales)

DALELONG LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

DALELONG LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DALELONG LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

293,383

Current assets

Creditors: amounts falling due within one year

(74,788)

(77,502)

Net current liabilities

(74,788)

(77,502)

Total assets less current liabilities

218,595

215,881

Creditors: amounts falling due after more than one year

(88,938)

129,657

126,943

Capital and reserves

Called up share capital

100

Profit and loss account

129,557

126,843

Shareholders' funds

129,657

126,943

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.

Director's 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 director acknowledges his 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 8 December 2016

Peter W Bailey

Director

Company Registration No. 03097467

DALELONG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land 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:

Land and buildings Freehold

Not depreciated

The director considers that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account.

The director performed annual impairment reviews in accordance with the requirements of FRS 15 and FRS 11 to ensure that the recoverable amount is not lower than the carrying value.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

293,383

At 31 March 2015

293,383

Creditors: amounts falling due within one year

Bank overdrafts amounting to £2,988 (2013 £4,951) are secured by a floating charge on all of the assets of the company.

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £88,938 (2015 - £88,938).

DALELONG LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100 ordinary shares of £1 each

100