Damac Engineering Ltd. - Abbreviated accounts 16.3

REGISTERED NUMBER: SC431332 (Scotland)

Abbreviated Unaudited Accounts

for the Year Ended 31 August 2016

for

Damac Engineering Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

M Wilson

SECRETARY:

Mrs E Wilson

REGISTERED OFFICE:

89 Roman Court

Bearsden

Glasgow

G61 2NW

REGISTERED NUMBER:

SC431332 (Scotland)

ACCOUNTANTS:

SBP

Accountants

Glebefield House

21 Links Terrace

Peterhead

Aberdeenshire

AB42 2XA

FIXED ASSETS

Tangible assets

2

3

125

CURRENT ASSETS

Debtors

25,266

3,091

Cash at bank

76,934

37,305

102,200

40,396

CREDITORS

Amounts falling due within one year

37,611

2,537

NET CURRENT ASSETS

64,589

37,859

TOTAL ASSETS LESS CURRENT
LIABILITIES

64,592

37,984

CAPITAL AND RESERVES

Called up share capital

3

20

Profit and loss account

64,572

37,964

SHAREHOLDERS' FUNDS

64,592

37,984

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

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

The director acknowledges his 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 director on 21 December 2016 and were signed by:

M Wilson - Director

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 amounts receivable for services provided in the normal course of business, net of discounts

and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company

and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised

in the accounting period to which it relates.

Tangible fixed assets

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

Computer equipment

-

33% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

369

DEPRECIATION

At 1 September 2015

244

Charge for year

122

At 31 August 2016

366

NET BOOK VALUE

At 31 August 2016

3

At 31 August 2015

125

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

20

Ordinary

£1

20