Durness Systems Limited - Period Ending 2016-09-30

Registration number: 4076584

Durness Systems Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2016
 

Durness Systems Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Durness Systems Limited
(Registration number: 4076584)
Abbreviated Balance Sheet at 30 September 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			980			1,171
Current assets
Debtors					19,536			16,872
Cash at bank and in hand					28,249			38,483
					47,785			55,355
Creditors: Amounts falling due within one year					(22,990)			(24,223)
Net current assets					24,795			31,132
Net assets					25,775			32,303
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					25,675			32,203
Shareholders' funds					25,775			32,303

For the year ending 30 September 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 9 January 2017

.........................................
Jonathan Watling
Director

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

Durness Systems Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% Reducing balance

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.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Durness Systems Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2015		5,871			5,871
Additions		583			583
Disposals		(4,586)			(4,586)
At 30 September 2016		1,868			1,868
Depreciation
At 1 October 2015		4,700			4,700
Charge for the year		326			326
Eliminated on disposals		(4,138)			(4,138)
At 30 September 2016		888			888
Net book value
At 30 September 2016		980			980
At 30 September 2015		1,171			1,171

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		100			100			100			100

Page 3