Golden Dragon (Ashbourne) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 05367155 (England and Wales)

Abbreviated Accounts

for the Year Ended 30 April 2016

for

Golden Dragon (Ashbourne) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

C Shek

F T Lo

Mrs C S P Law

Mrs M P Shek

Mrs T K Lo

REGISTERED OFFICE:

41 Market Place

Ashbourne

Derbyshire

DE6 1EU

REGISTERED NUMBER:

05367155 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

2

44,000

55,000

Tangible assets

3

6,621

7,883

50,621

62,883

CURRENT ASSETS

Stocks

5,700

5,500

Debtors

5,364

1,338

Cash at bank and in hand

62,332

54,841

73,396

61,679

CREDITORS

Amounts falling due within one year

58,714

54,591

NET CURRENT ASSETS

14,682

7,088

TOTAL ASSETS LESS CURRENT
LIABILITIES

65,303

69,971

CAPITAL AND RESERVES

Called up share capital

4

120

Profit and loss account

65,183

69,851

SHAREHOLDERS' FUNDS

65,303

69,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 27 January 2017 and were signed on its
behalf by:

F T Lo - 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 the sale of goods and services, excluding value added tax.

Goodwill

Goodwill is being amortised over its remaining useful economic life of five years from 1 May 2015.

Tangible fixed assets

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

Equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis

over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

110,000

AMORTISATION

At 1 May 2015

55,000

Amortisation for year

11,000

At 30 April 2016

66,000

NET BOOK VALUE

At 30 April 2016

44,000

At 30 April 2015

55,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

32,010

DEPRECIATION

At 1 May 2015

24,127

Charge for year

1,262

At 30 April 2016

25,389

NET BOOK VALUE

At 30 April 2016

6,621

At 30 April 2015

7,883

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

120

Ordinary

£1

120