Abbreviated Company Accounts - DAVCRAFT LIMITED

08467303 DAVCRAFT LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 08467303 2015-04-01 2016-03-31 08467303 2016-03-31 08467303 2015-03-31 08467303 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08467303 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 08467303

DAVCRAFT LIMITED

Abbreviated Accounts

31 March 2016

DAVCRAFT LIMITED Registered Number 08467303

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	855,862	856,163
		855,862	856,163
Current assets
Debtors		123	145
Cash at bank and in hand		20,914	35,075
		21,037	35,220
Creditors: amounts falling due within one year		(20,386)	(22,682)
Net current assets (liabilities)		651	12,538
Total assets less current liabilities		856,513	868,701
Creditors: amounts falling due after more than one year		(784,000)	(824,000)
Total net assets (liabilities)		72,513	44,701
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		72,511	44,699
Shareholders' funds		72,513	44,701

For the year ending 31 March 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 9 December 2016

And signed on their behalf by:
A. NASR, Director

DAVCRAFT LIMITED Registered Number 08467303

Notes to the Abbreviated Accounts for the period ended 31 March 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 April 2008.

Turnover policy
Turnover is based on rent receivable, all in respect of U.K property.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided so as to write off the cost of fixed assets less their estimated residual value over their anticipated useful lives at the following rates:-

Fixtures and fittings - 20% per annum on reducing balance basis

No depreciation is provided in respect of freehold and long leasehold properties.

2Tangible fixed assets

	£
Cost
At 1 April 2015	857,011
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	857,011
Depreciation
At 1 April 2015	848
Charge for the year	301
On disposals	-
At 31 March 2016	1,149
Net book values
At 31 March 2016	855,862
At 31 March 2015	856,163

Tangible fixed assets comprises of a freehold property costing £677,222 and long leasehold property costing £177,434.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 Ordinary shares of £1 each	2	2