Dodgeburn Limited - Period Ending 2016-03-31

Registration number: 03955608

Dodgeburn Limited
 
  andUnaudited Abbreviated Accounts

 
  for the Year Ended 31 March 2016
 

Manningtons
8 High Street
Heathfield
East Sussex
TN21 8LS

Dodgeburn Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Dodgeburn Limited
(Registration number: 03955608)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					6,231			4,974
Current assets
Stocks					1,200			1,350
Debtors					4,512			-
Cash at bank and in hand					3,278			3,111
					8,990			4,461
Creditors: Amounts falling due within one year					(42,259)			(19,683)
Net current liabilities					(33,269)			(15,222)
Net liabilities					(27,038)			(10,248)
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					(27,041)			(10,251)
Shareholders' deficit					(27,038)			(10,248)

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 director acknowledges his 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 director on 23 December 2016

.........................................
MG Davis
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Dodgeburn Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided at rates calculated to write off the cost less residule value of each asset over its expected useful life, as follows:

Asset class	Depreciation method and rate
Fixtures,fittings and equipment	10% reducing balance
Office equipment	33% Straight line

Research and development

Research and development expenditure is written off as incurred.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Dodgeburn Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		12,890			12,890
Additions		2,258			2,258
At 31 March 2016		15,148			15,148
Depreciation
At 1 April 2015		7,916			7,916
Charge for the year		1,001			1,001
At 31 March 2016		8,917			8,917
Net book value
At 31 March 2016		6,231			6,231
At 31 March 2015		4,974			4,974

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		3			3			3			3

New shares allotted

During the year - having an aggregate nominal value of £nil were allotted for an aggregate consideration of £nil.

Page 3