Danegrove Developments Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06704566 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2014

FOR

DANEGROVE DEVELOPMENTS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

B O'Connell

D A O'Connell

REGISTERED OFFICE:

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

REGISTERED NUMBER:

06704566 (England and Wales)

ACCOUNTANTS:

ISIS Business Solutions

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

FIXED ASSETS

Tangible assets

2

4,760

5,885

CURRENT ASSETS

Stocks

302,474

510,814

Debtors

51,266

31,299

Cash at bank

528,887

62,326

882,627

604,439

CREDITORS

Amounts falling due within one year

790,755

580,932

NET CURRENT ASSETS

91,872

23,507

TOTAL ASSETS LESS CURRENT LIABILITIES

96,632

29,392

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

96,532

29,292

SHAREHOLDERS' FUNDS

96,632

29,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 10th December 2014 and were signed on its behalf by:

B O'Connell - Director

D A O'Connell - 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

-

25% on reducing balance

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

At 1st April 2013

18,986

Additions

415

At 31st March 2014

19,401

DEPRECIATION

At 1st April 2013

13,101

Charge for year

1,540

At 31st March 2014

14,641

NET BOOK VALUE

At 31st March 2014

4,760

At 31st March 2013

5,885

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary A Shares

1

100

100