Micro-entity Accounts - DAVE FORD LIMITED

02905821 DAVE FORD LIMITED 2017-08-31 false 2016-09-01 2017-08-31 true 02905821 2016-09-01 2017-08-31 02905821 2017-08-31 02905821 2016-08-31 02905821 uk-gaap-cd-bus:Director1 2016-09-01 2017-08-31 02905821 uk-gaap-cd-bus:Director2 2016-09-01 2017-08-31 02905821 uk-gaap-cd-bus:AllEntityOfficers 2016-09-01 2017-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-09-01 2017-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2017-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-08-31 iso4217:GBP shares

Registered Number 02905821

DAVE FORD LIMITED

Micro-entity Accounts

31 August 2017

DAVE FORD LIMITED Registered Number 02905821

Micro-entity Balance Sheet as at 31 August 2017

	Notes	2017	2016
		£	£
Fixed assets
Tangible assets	1	30,020	18,840
		30,020	18,840
Current assets
Stocks		10,810	9,825
Debtors		280,526	271,486
Cash at bank and in hand		85,812	57,862
		377,148	339,173
Creditors: amounts falling due within one year		(97,196)	(122,303)
Net current assets (liabilities)		279,952	216,870
Total assets less current liabilities		309,972	235,710
Total net assets (liabilities)		309,972	235,710
Capital and reserves
Called up share capital	2	2	2
Profit and loss account		309,970	235,708
Shareholders' funds		309,972	235,710

For the year ending 31 August 2017 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 12 March 2018

And signed on their behalf by:
D Ford, Director

DAVE FORD LIMITED Registered Number 02905821

Notes to the Micro-entity Accounts for the period ended 31 August 2017

1Tangible fixed assets

	£
Cost
At 1 September 2016	32,315
Additions	16,872
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2017	49,187
Depreciation
At 1 September 2016	13,475
Charge for the year	5,692
On disposals	-
At 31 August 2017	19,167
Net book values
At 31 August 2017	30,020
At 31 August 2016	18,840

2Called Up Share Capital
Allotted, called up and fully paid:

	2017 £	2016 £
2 Ordinary shares of £1 each	2	2

3Accounting Policies

Basis of measurement and preparation of accounts
Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and Include the results of the Company's operations which are described in the Director’s Report and all of which are continuing.

The Company has taken advantage of the exemption in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the
grounds that it is a small Company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the Company, net of Value Added Tax and trade discounts.

Tangible/Intangible Fixed Assets and Depreciation

Fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Goodwill 10% Straight Line Basis
Motor Vehicles 20% Straight Line Basis
Fixtures and Fittings 10% Straight Line Basis

Operating Leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account
as incurred.

Stocks

Stocks are valued at the lower cost and net realisable value after making due allowances for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred Taxation

No provision is necessary

Transaction with Directors

Mr D Ford and Mrs J Ford are also Directors in J D Property and Management Limited from whom the company bought and sold services on normal commercial basis.