Dragonboard Supplies Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07196588 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2016

for

Dragonboard Supplies Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G Barton

J Lavendar

REGISTERED OFFICE:

116 Duke Steet

Liverpool

Merseyside

L1 5JW

REGISTERED NUMBER:

07196588 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Tangible assets

2

66,337

-

CURRENT ASSETS

Stocks

51,135

-

Debtors

4,153

24,399

Cash at bank

-

12,737

55,288

37,136

CREDITORS

Amounts falling due within one year

77,558

17,393

NET CURRENT (LIABILITIES)/ASSETS

(22,270

)

19,743

TOTAL ASSETS LESS CURRENT
LIABILITIES

44,067

19,743

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

43,967

19,643

SHAREHOLDERS' FUNDS

44,067

19,743

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 30 June 2017 and were signed on its behalf by:

G Barton - 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.

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

Additions

66,500

At 31 March 2016

66,500

DEPRECIATION

Charge for year

163

At 31 March 2016

163

NET BOOK VALUE

At 31 March 2016

66,337

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors operate a current account to which transactions of a private nature are posted. As at the balance

sheet date a balance of £58,707 (2015 £4,067), owing to Mr G Barton was included with other creditors.