THE DARWIN SUPPLY COMPANY LIMITED
Company Registration No. 02702856 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
THE DARWIN SUPPLY COMPANY LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
THE DARWIN SUPPLY COMPANY LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,912
2,531
Current assets
Stocks
15,600
21,850
Debtors
2,564
-
Cash at bank and in hand
1,001
1,178
19,165
23,028
Creditors: amounts falling due within one year
(10,636)
(17,016)
Net current assets
8,529
6,012
Total assets less current liabilities
10,441
8,543
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
10,341
8,443
Shareholder's funds
10,441
8,543
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 June 2017
Mr G D P Williams
Director
Company Registration No. 02702856
THE DARWIN SUPPLY COMPANY LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% reducing balance basis
Fixtures, fittings & equipment
25% reducing balance basis
1.5
Stock
Stock is valued at the lower of cost and net realisable value.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015 & at 30 September 2016
112,209
Depreciation
At 1 October 2015
109,678
Charge for the year
619
At 30 September 2016
110,297
Net book value
At 30 September 2016
1,912
At 30 September 2015
2,531
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100