Drogan Limited,Ltd - AccountsLtd - Accounts
Drogan Limited,Ltd - AccountsLtd - Accounts
Registered Number:02158975 |
For the year ended 31 March 2018
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2018
Drogan Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at |
Drogan Limited
Statement of Financial Position
Registered Number : |
£ |
£ |
2017
2018
Notes |
Fixed assets |
Property, plant and equipment |
2
Current assets |
Trade and other receivables |
3
Trade and other payables: amounts falling due within one |
year |
(145,348 )
(146,339 )
4
(144,022)
(144,697 )
Net current liabilities
Total assets less current liabilities |
Trade and other payables: amounts falling due after more |
than one year |
(143,021 )
(13,598 )
5
(36,579 )
(52,089 )
Provisions for liabilities |
Net assets
Capital and reserves |
Called up share capital |
Revaluation reserve |
6
Retained earnings |
Shareholders' funds
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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
These financial statements were approved and authorised for issue by the Board on |
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4
For the year ended 31 March 2018
Drogan Limited
Statement of Financial Position Continued
The notes form part of these financial statements |
2 of 5
5
For the year ended 31 March 2018
Drogan Limited
Notes to the Financial Statements
Statutory Information
Drogan Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
02158975. |
Registered address: |
The Cedars
Exeter Road
Honiton
Devon
EX14 1AN
The presentation currency is £ sterling. |
1. Accounting policies |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Property, plant and equipment
Computer equipment
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Investment property
Hire purchase and leasing commitments
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6
For the year ended 31 March 2018
Drogan Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Total |
Computer |
equipment |
Fixtures and |
fittings |
Land and |
buildings |
£ |
£ |
£ |
£ |
Cost or |
valuation |
At 01 April 2017 |
(135,000 )
Disposals |
(135,000 )
(15,000 )
(15,000 )
Revaluations |
At 31 March 2018 |
Provision for depreciation and impairment |
At 01 April 2017 |
At 31 March 2018 |
At 31 March 2018 |
Net book value |
At 31 March 2017 |
3. Trade and other receivables |
2017
2018
£ |
£ |
Trade debtors |
4. Trade and other payables: amounts falling due within one year |
2017
2018
£ |
£ |
Bank loans and overdraft |
Trade creditors |
Amounts owed to group undertaking and undertaking in which the |
company has a participating interest |
Taxation and social security |
Other creditors |
5. Trade and other payables: amounts falling due after more than one year |
2017
2018
£ |
£ |
Bank loans and overdraft (secured) |
-
129,423
Other creditors |
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7
For the year ended 31 March 2018
Drogan Limited
Notes to the Financial Statements Continued
6. Reserves |
Total |
£ |
Revaluation reserve at 01 April 2017 |
335,871
Revaluation of fixed assets |
(12,000)
Transfer to profit and loss account |
(75,989)
247,882
Revaluation reserve at 31 March 2018 |
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