The Door London Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03800298 (England and Wales)

Abbreviated accounts

for the year ended 31 May 2016

For

THE DOOR LONDON LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

Directors:

R M Prince

Mrs G Prince

Secretary:

Mrs G Prince

Registered office:

Second Floor, Kestrel House

Falconry Court

Bakers Lane

Epping

Essex

CM16 5BD

Registered number:

03800298 (England and Wales)

Accountants:

Gane Jackson Scott LLP

Chartered Certified Accountants

Second Floor, Kestrel House

Falconry Court

Bakers Lane

Epping

Essex

CM16 5BD

Fixed assets

Tangible assets

2

434

579

Current assets

Stocks

-

87,735

Debtors

717

109

Cash at bank

237,659

-

238,376

87,844

Creditors

Amounts falling due within one year

305,843

298,797

Net current liabilities

(67,467

)

(210,953

)

Total assets less current liabilities

(67,033

)

(210,374

)

Capital and reserves

Called up share capital

3

100

100

Profit and loss account

(67,133

)

(210,474

)

Shareholders' funds

(67,033

)

(210,374

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 24 February 2017 and were signed on its behalf by:

R M Prince - 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 net invoiced sales of goods, 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 cost

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

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	Tangible fixed assets

Total

£

Cost

At 1 June 2015

and 31 May 2016

2,549

Depreciation

At 1 June 2015

1,970

Charge for year

145

At 31 May 2016

2,115

Net book value

At 31 May 2016

434

At 31 May 2015

579

3.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

4.	Going concern

At 31st May 2016, total liabilities exceed total assets by £67,033 (2015 £210,374). The company is

reliant on the continual support from the directors. For this reason the directors continue to adopt the

going concern basis in preparing the financial statements.