Abbreviated Company Accounts - DANNOW LTD.

SC265683 DANNOW LTD. 2016-03-31 false 2015-04-01 2016-03-31 true SC265683 2015-04-01 2016-03-31 SC265683 2016-03-31 SC265683 2015-03-31 SC265683 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 SC265683 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 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 SC265683

DANNOW LTD.

Abbreviated Accounts

31 March 2016

DANNOW LTD. Registered Number SC265683

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	473	631
		473	631
Current assets
Debtors		69,034	15,792
Cash at bank and in hand		-	1,619
		69,034	17,411
Creditors: amounts falling due within one year		(69,325)	(17,889)
Net current assets (liabilities)		(291)	(478)
Total assets less current liabilities		182	153
Total net assets (liabilities)		182	153
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		180	151
Shareholders' funds		182	153

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 19 December 2016

And signed on their behalf by:
C Edmond, Director

DANNOW LTD. Registered Number SC265683

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 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities. Any unbilled commission at the year end is accrued in full and disclosed as debtors.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment -25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	4,514
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	4,514
Depreciation
At 1 April 2015	3,883
Charge for the year	158
On disposals	-
At 31 March 2016	4,041
Net book values
At 31 March 2016	473
At 31 March 2015	631

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

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

4Transactions with directors

Name of director receiving advance or credit:	C Edmond
Description of the transaction:	Loan Interest charged at 3%
Balance at 1 April 2015:	£ 9,958
Advances or credits made:	£ 50,043
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 60,001

The loan was partially repaid on 31/10/16 and 31/12/16 totalling £54,675, leaving £5325 outstanding.