Dodrefn Perkins Furniture Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04094256 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st October 2016

for

Dodrefn Perkins Furniture Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

N Perkins

SECRETARY:

N Perkins

REGISTERED OFFICE:

16 Eastgate Street

Caernarfon

Gwynedd

LL55 1AG

REGISTERED NUMBER:

04094256 (England and Wales)

ACCOUNTANTS:

A.Hughes-Jones, Dyson & Co.

Capel Moreia

South Penrallt

Caernarfon

Gwynedd

LL55 1NS

FIXED ASSETS

Tangible assets

2

49,984

43,286

CURRENT ASSETS

Stocks

110,714

112,597

Debtors

38,486

42,569

Cash at bank and in hand

23,147

28,644

172,347

183,810

CREDITORS

Amounts falling due within one year

200,141

213,640

NET CURRENT LIABILITIES

(27,794

)

(29,830

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,190

13,456

CAPITAL AND RESERVES

Called up share capital

3

8

Profit and loss account

22,182

13,448

SHAREHOLDERS' FUNDS

22,190

13,456

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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 28th April 2017 and were signed on its behalf by:

N Perkins - 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.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% 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

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

sheet date.

Hire purchase and 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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st November 2015

148,331

Additions

14,384

At 31st October 2016

162,715

DEPRECIATION

At 1st November 2015

105,045

Charge for year

7,686

At 31st October 2016

112,731

NET BOOK VALUE

At 31st October 2016

49,984

At 31st October 2015

43,286

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

8

Ordinary

1

8