Abbreviated Company Accounts - DALEREADY LTD

Registered Number 03397104

DALEREADY LTD

Abbreviated Accounts

31 December 2015

DALEREADY LTD Registered Number 03397104

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	5,172,779	5,553,260
		5,172,779	5,553,260
Current assets
Debtors		56,365	70,335
Cash at bank and in hand		209,378	110,133
		265,743	180,468
Creditors: amounts falling due within one year		(638,424)	(59,374)
Net current assets (liabilities)		(372,681)	121,094
Total assets less current liabilities		4,800,098	5,674,354
Creditors: amounts falling due after more than one year		(3,158,867)	(4,957,889)
Total net assets (liabilities)		1,641,231	716,465
Capital and reserves
Called up share capital		2	2
Profit and loss account		1,641,229	716,463
Shareholders' funds		1,641,231	716,465

For the year ending 31 December 2015 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 directors acknowledge their 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 Board on 14 March 2017

And signed on their behalf by:
Mr M Cymerman, Director

DALEREADY LTD Registered Number 03397104

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents net invoiced sales of goods, excluding VAT.

Tangible assets depreciation policy
Depreciation is provided after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:

Plant and Machinery 25% reducing balance

No depreciation is provided on freehold land.

Other accounting policies
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no provision is made for depreciation in respect of freehold properties or leasehold properties with more than 20 years remaining as investments. This departure from the requirements of the Companies Act 2006, which requires all properties to be depreciated is, in the opinion of the directors, necessary for the accounts to show a true and fair view.

2Tangible fixed assets

	£
Cost
At 1 January 2015	5,609,966
Additions	-
Disposals	(380,358)
Revaluations	-
Transfers	-
At 31 December 2015	5,229,608
Depreciation
At 1 January 2015	56,706
Charge for the year	123
On disposals	-
At 31 December 2015	56,829
Net book values
At 31 December 2015	5,172,779
At 31 December 2014	5,553,260