Abbreviated Company Accounts - DJURIC & CO LIMITED

LISCOMBE HEALTH CLUB LIMITED - Company Information

Registered Number 07265317

DJURIC & CO LIMITED

Abbreviated Accounts

31 August 2016

DJURIC & CO LIMITED Registered Number 07265317

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	485,544	485,544
Tangible assets	3	85,066	77,581
		570,610	563,125
Current assets
Debtors		34,692	31,503
Cash at bank and in hand		8,174	25,381
		42,866	56,884
Creditors: amounts falling due within one year		(359,088)	(313,710)
Net current assets (liabilities)		(316,222)	(256,826)
Total assets less current liabilities		254,388	306,299
Creditors: amounts falling due after more than one year		(112,500)	(112,500)
Total net assets (liabilities)		141,888	193,799
Capital and reserves
Called up share capital		600,000	600,000
Profit and loss account		(458,112)	(406,201)
Shareholders' funds		141,888	193,799

For the year ending 31 August 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 31 May 2017

And signed on their behalf by:
G Djuric, Director

DJURIC & CO LIMITED Registered Number 07265317

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Franchise Fee - 20% Straight Line
Plant & Machinery - 20% Straight Line
Equipment - 20% Straight Line

2Intangible fixed assets

	£
Cost
At 1 September 2015	485,544
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	485,544
Amortisation
At 1 September 2015	-
Charge for the year	-
On disposals	-
At 31 August 2016	-
Net book values
At 31 August 2016	485,544
At 31 August 2015	485,544

3Tangible fixed assets

	£
Cost
At 1 September 2015	111,999
Additions	32,962
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2016	144,961
Depreciation
At 1 September 2015	34,418
Charge for the year	25,477
On disposals	-
At 31 August 2016	59,895
Net book values
At 31 August 2016	85,066
At 31 August 2015	77,581