Dave Allan Fireplaces Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05211477 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

Dave Allan Fireplaces Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

D Allan

SECRETARY:

Mrs A Allan

REGISTERED OFFICE:

26 Clyde Terrace

Spennymoor

Co. Durham

DL16 7SE

REGISTERED NUMBER:

05211477 (England and Wales)

ACCOUNTANTS:

G D O'Hehir & Co Ltd

Chartered Accountants & Statutory Auditors

22/23 Clyde Terrace

Spennymoor

Co. Durham

DL16 7SE

FIXED ASSETS

Tangible assets

2

30,322

33,704

CURRENT ASSETS

Stocks

4,500

4,000

Debtors

11,116

4,227

Cash in hand

150

150

15,766

8,377

CREDITORS

Amounts falling due within one year

37,141

35,808

NET CURRENT LIABILITIES

(21,375

)

(27,431

)

TOTAL ASSETS LESS CURRENT LIABILITIES

8,947

6,273

PROVISIONS FOR LIABILITIES

4,938

5,394

NET ASSETS

4,009

879

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

4,007

877

SHAREHOLDERS' FUNDS

4,009

879

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 9 January 2015 and were signed by:

D Allan - 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 etc

-

25% on reducing balance, 15% on reducing balance and 10% 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 1 September 2013

81,734

Additions

1,156

At 31 August 2014

82,890

DEPRECIATION

At 1 September 2013

48,030

Charge for year

4,538

At 31 August 2014

52,568

NET BOOK VALUE

At 31 August 2014

30,322

At 31 August 2013

33,704

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

2

Ordinary

£1

2

2

4.	GOING CONCERN REVIEW

The directors' of the company are not aware of any reason why sales should

reduce significantly next year. No material uncertainties that may cast

significant doubt about the ability of the company to continue as a going

concern have been identified by the directors. As a result they have

adopted the going concern basis of accounting.