Daddon Moor Construction Ltd - Abbreviated accounts 16.3
Daddon Moor Construction Ltd - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 October 2016 |
| for |
| Daddon Moor Construction Ltd |
| Daddon Moor Construction Ltd (Registered number: 05272029) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 October 2016 |
| Page |
| Abbreviated Balance Sheet | 1 |
| Notes to the Abbreviated Accounts | 2 |
| Daddon Moor Construction Ltd (Registered number: 05272029) |
| Abbreviated Balance Sheet |
| 31 October 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 2 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 financial statements were approved by the Board of Directors on |
| Daddon Moor Construction Ltd (Registered number: 05272029) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 October 2016 |
| 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). |
| Exemption from preparing a cash flow statement |
| Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
| small company. |
| 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 |
| Full provision is made for deferred tax liabilities arising from timing differences between the recognition of |
| items in the accounts and their recognition for tax purposes. Deferred tax balances are not discounted. |
| Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
| commitment to sell the asset. |
| Going concern |
| The company has retained losses of £14,410 (2015 - £13,830). It also has net current liabilities of £14,010 (2015 |
| - £13,430) and net liabilities of £14,010 (2015 - £13,430). |
| The company is reliant on the continuing financial support of its creditors and while there are no reasons to |
| doubt that this support will continue, inherently there can be no certainty in relation to these matters. On this |
| basis, and having regard to the company's anticipated future revenues and costs including repayment of debt |
| where appropriate, together with the expected availability of working capital, the directors consider it |
| appropriate to prepare the financial statements on the going concern basis. The financial statements do not |
| include any adjustments that would result from an inability to meet obligations as they fall due. |
| 2. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary shares | £1 |