Drake and Company Consultants Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03324202 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

DRAKE AND COMPANY CONSULTANTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

W C Drake

SECRETARY:

W C Drake

REGISTERED OFFICE:

311 Ballards Lane

London

N12 8LY

REGISTERED NUMBER:

03324202 (England and Wales)

ACCOUNTANTS:

Defries Weiss (Accountants) Limited

311 Ballards Lane

London

N12 8LY

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

4,101

3,298

4,101

3,298

CURRENT ASSETS

Debtors

4

23,268

17,634

Cash at bank and in hand

35,437

34,756

58,705

52,390

CREDITORS

Amounts falling due within one year

42,640

55,683

NET CURRENT ASSETS/(LIABILITIES)

16,065

(3,293

)

TOTAL ASSETS LESS CURRENT LIABILITIES

20,166

5

CAPITAL AND RESERVES

Called up share capital

5

100

2

Profit and loss account

20,066

3

SHAREHOLDERS' FUNDS

20,166

5

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 director acknowledges his 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 director on 28 November 2014 and were signed by:

W C Drake - 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 services, excluding value added tax.

Intangible fixed assets

The cost of website development is being amortised over its estimated useful life of four years.

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

-

25% on reducing balance and 20% on reducing balance

Deferred tax

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

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

and 28 February 2014

40,455

AMORTISATION

At 1 March 2013

and 28 February 2014

40,455

NET BOOK VALUE

At 28 February 2014

-

At 28 February 2013

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2013

12,650

Additions

2,115

At 28 February 2014

14,765

DEPRECIATION

At 1 March 2013

9,352

Charge for year

1,312

At 28 February 2014

10,664

NET BOOK VALUE

At 28 February 2014

4,101

At 28 February 2013

3,298

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 599 (28.2.13 - £ 1,928 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.14

28.2.13

value:

£

£

2

Ordinary

£1

100

2