Abbreviated Company Accounts - DARCSTUDIO LIMITED

DARCSTUDIO LIMITED - Company Information

Registered Number 09149273

DARCSTUDIO LIMITED

Abbreviated Accounts

30 July 2016

DARCSTUDIO LIMITED Registered Number 09149273

Abbreviated Balance Sheet as at 30 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	20,878	5,263
		20,878	5,263
Current assets
Debtors		22,800	-
Cash at bank and in hand		24,172	5,296
		46,972	5,296
Creditors: amounts falling due within one year		(45,041)	(13,271)
Net current assets (liabilities)		1,931	(7,975)
Total assets less current liabilities		22,809	(2,712)
Total net assets (liabilities)		22,809	(2,712)
Capital and reserves
Called up share capital		2	1
Profit and loss account		22,807	(2,713)
Shareholders' funds		22,809	(2,712)

For the year ending 30 July 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 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 4 May 2017

And signed on their behalf by:
T Hodgson, Director

DARCSTUDIO LIMITED Registered Number 09149273

Notes to the Abbreviated Accounts for the period ended 30 July 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Fixtures, Fittings & Equipment - 25% Reducing Balance

Valuation information and policy
Rentals payable under operating leases are charged against income on straight line basis over the lease term.

2Tangible fixed assets

	£
Cost
At 1 August 2015	7,018
Additions	22,323
Disposals	-
Revaluations	-
Transfers	-
At 30 July 2016	29,341
Depreciation
At 1 August 2015	1,755
Charge for the year	6,708
On disposals	-
At 30 July 2016	8,463
Net book values
At 30 July 2016	20,878
At 31 July 2015	5,263