D R W Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: SC278769 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

D R W LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D White

Mrs R White

REGISTERED OFFICE:

6th Floor, Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC278769 (Scotland)

ACCOUNTANTS:

Henderson Loggie

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

FIXED ASSETS

Tangible assets

2

37,104

43,896

CURRENT ASSETS

Stocks

17,300

12,400

Debtors

42,467

61,812

Cash at bank and in hand

10,201

13,551

69,968

87,763

CREDITORS

Amounts falling due within one year

99,813

76,788

NET CURRENT (LIABILITIES)/ASSETS

(29,845

)

10,975

TOTAL ASSETS LESS CURRENT LIABILITIES

7,259

54,871

CREDITORS

Amounts falling due after more than one year

6,333

12,667

NET ASSETS

926

42,204

CAPITAL AND RESERVES

Called up share capital

3

103

103

Profit and loss account

823

42,101

SHAREHOLDERS' FUNDS

926

42,204

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 2 October 2014 and were signed on its behalf by:

D White - 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 April 2008).

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

-

20% on a reducing balance basis

Fixtures and fittings

-

15% on a straight line basis

Motor vehicles

-

25% on a straight line basis

Computer equipment

-

33% on a straight line basis

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

89,416

Additions

2,331

Disposals

(7,000

)

At 28 February 2014

84,747

DEPRECIATION

At 1 March 2013

45,520

Charge for year

7,648

Eliminated on disposal

(5,525

)

At 28 February 2014

47,643

NET BOOK VALUE

At 28 February 2014

37,104

At 28 February 2013

43,896

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100

2

Ordinary A-J

£1

3

3

103

103