Drypine Limited - Limited company - abbreviated

REGISTERED NUMBER: 02904119 (England and Wales)

DRYPINE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTORS:

B H Luckhurst

Mrs. E. Luckhurst

SECRETARY:

Mrs. E. Luckhurst

REGISTERED OFFICE:

Oaklands

Moor Lane

Appledore

Kent

TN26 2BH

REGISTERED NUMBER:

02904119 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps

Chartered Accountants

82 High Street

Tenterden

Kent

TN30 6JG

FIXED ASSETS

Tangible assets

2

44

71

CURRENT ASSETS

Debtors

223,825

218,925

Cash at bank

607

4,923

224,432

223,848

CREDITORS

Amounts falling due within one year

185,807

183,843

NET CURRENT ASSETS

38,625

40,005

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,669

40,076

PROVISIONS FOR LIABILITIES

9

14

NET ASSETS

38,660

40,062

CAPITAL AND RESERVES

Called up share capital

3

21,000

Profit and loss account

17,660

19,062

SHAREHOLDERS' FUNDS

38,660

40,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 26 January 2015 and were signed
on its behalf by:

B H Luckhurst - 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 services, 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.

Fixtures, fittings and equipment

-

15% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

and 30 April 2014

1,350

DEPRECIATION

At 1 May 2013

1,279

Charge for year

27

At 30 April 2014

1,306

NET BOOK VALUE

At 30 April 2014

44

At 30 April 2013

71

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

21,000

Ordinary

£1

21,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2014

and 30 April 2013:

2014

2013

£

B H Luckhurst

Balance outstanding at start of year

177,500

117,500

Amounts advanced

32,500

60,000

Amounts repaid

-

Balance outstanding at end of year

210,000

177,500

Interest is being charged at a commercial rate on the above loan. The loan was repaid within nine

months of the year end.

Drypine Limited - Limited company - abbreviated - 11.6

Drypine Limited - Limited company - abbreviated - 11.6