Company Registration No. SC417405 (Scotland)
DUNLOP WELDING LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
DUNLOP WELDING LTD
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
DUNLOP WELDING LTD
ABBREVIATED BALANCE SHEET
AS AT
28 FEBRUARY 2016
28 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
10,868
21,737
Tangible assets
2
2,397
3,090
13,265
24,827
Current assets
Stocks
400
400
Debtors
-
39,310
Cash at bank and in hand
10,051
651
10,451
40,361
Creditors: amounts falling due within one year
(21,960)
(61,109)
Net current liabilities
(11,509)
(20,748)
Total assets less current liabilities
1,756
4,079
Provisions for liabilities
(769)
(769)
987
3,310
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
887
3,210
Shareholder's funds
987
3,310
DUNLOP WELDING LTD
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2016
28 February 2016
- 2 -
For the financial year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 25 February 2017
Mr H Dunlop
Director
Company Registration No. SC417405
DUNLOP WELDING LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing
Computer equipment
33% straight line
Motor vehicles
33% straight line
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 March 2015
40,758
10,673
51,431
Additions
-
868
868
At 28 February 2016
40,758
11,541
52,299
Depreciation
At 1 March 2015
19,021
7,583
26,604
Charge for the year
10,869
1,561
12,430
At 28 February 2016
29,890
9,144
39,034
Net book value
At 28 February 2016
10,868
2,397
13,265
At 28 February 2015
21,737
3,090
24,827
DUNLOP WELDING LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100
2016-02-282015-03-01falsetruetruetruetruetruetmpAC38.html2017-02-25SC4174052015-03-012016-02-28SC4174052016-02-28SC4174052015-02-28SC4174052015-02-28SC417405uk-bus:Director12015-03-012016-02-28SC417405uk-gaap:PlantMachinery2015-03-012016-02-28SC417405uk-gaap:ComputerEquipment2015-03-012016-02-28SC417405uk-gaap:MotorVehicles2015-03-012016-02-28SC417405uk-bus:OrdinaryShareClass12015-03-012016-02-28SC417405uk-bus:OrdinaryShareClass12016-02-28SC417405uk-bus:OrdinaryShareClass12015-02-28xbrli:purexbrli:sharesiso4217:GBP
