Deureka Limited - Abbreviated accounts 16.3

Deureka Limited - Abbreviated accounts 16.3

DEUREKA LIMITED - Company Information

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REGISTERED NUMBER: 03904735 (England and Wales)












ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

FOR

DEUREKA LIMITED

DEUREKA LIMITED (REGISTERED NUMBER: 03904735)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016










Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

DEUREKA LIMITED (REGISTERED NUMBER: 03904735)

ABBREVIATED BALANCE SHEET
31 JULY 2016

2016 2015
Notes £ £ £ £
FIXED ASSETS
Tangible assets 2 11,869 13,933

CURRENT ASSETS
Debtors 44,823 235
Cash at bank 32,549 30,571
77,372 30,806
CREDITORS
Amounts falling due within one year 82,217 66,316
NET CURRENT LIABILITIES (4,845 ) (35,510 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,024
(21,577
)

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 6,924 (21,677 )
SHAREHOLDERS' FUNDS 7,024 (21,577 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 6 January 2017 and were signed on its behalf by:





J P De La Fuente - Director


The notes form part of these abbreviated accounts

1
DEUREKA LIMITED (REGISTERED NUMBER: 03904735)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2016


1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probably that they will be recovered against the reversal of deferred tax liabilities.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Employer financed retirement benefits scheme (efrbs)
The company operates an employer financed retirement scheme for the benefit of its officers, employees and
their wider families, The Deureka Limited 2012 EFBRS ("the Scheme").

In accordance with UITF 32 "Employee Benefit Trusts and other intermediate payment arrangements" the
Company does not include the assets and liabilities of the Scheme on its Balance Sheet to the extent that it
considers that it will not retain any future economic benefit from the assets of the Scheme and will not have
control of the rights or other access to those future economic benefits.

2. TANGIBLE FIXED ASSETS
Total
£
COST
At 1 August 2015 34,465
Additions 3,081
Disposals (2,324 )
At 31 July 2016 35,222
DEPRECIATION
At 1 August 2015 20,532
Charge for year 3,961
Eliminated on disposal (1,140 )
At 31 July 2016 23,353
NET BOOK VALUE
At 31 July 2016 11,869
At 31 July 2015 13,933

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £ £
100 Ordinary £1 100 100

2