Abbreviated Company Accounts - D.J. FERRET LIMITED

D.J. FERRET LIMITED - Company Information

Registered Number 06167469

D.J. FERRET LIMITED

Abbreviated Accounts

31 March 2016

D.J. FERRET LIMITED Registered Number 06167469

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,363	1,785
		3,363	1,785
Current assets
Debtors		550	530
Cash at bank and in hand		1,131	1,463
		1,681	1,993
Creditors: amounts falling due within one year		(6,827)	(7,291)
Net current assets (liabilities)		(5,146)	(5,298)
Total assets less current liabilities		(1,783)	(3,513)
Provisions for liabilities		(228)	-
Total net assets (liabilities)		(2,011)	(3,513)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(2,012)	(3,514)
Shareholders' funds		(2,011)	(3,513)

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 November 2016

And signed on their behalf by:
P MARSHALL, Director

D.J. FERRET LIMITED Registered Number 06167469

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 comprises the value of goods and services supplied by the company to United Kingdom customers.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost of tangible fixed assets, over their expected useful lives, on the following basis
Equipment 25% reducing balance

Valuation information and policy
Provisions is made up of Deferred Taxation. Provision is made for taxation deferred as a result of timing difference between the incidence of income and expenditure for taxation and accounts purposes, using the liability method.

2Tangible fixed assets

	£
Cost
At 1 April 2015	5,165
Additions	2,699
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	7,864
Depreciation
At 1 April 2015	3,380
Charge for the year	1,121
On disposals	-
At 31 March 2016	4,501
Net book values
At 31 March 2016	3,363
At 31 March 2015	1,785