Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Drive True Brit (Fibres) Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6 ) have been prepared.
Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Drive True Brit (Fibres) Limited
for the Year Ended 31 December 2015
The financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act that relate to preparing the financial statements of the company for the year ended 31 December 2015.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express and opinion on the financial statements.
On the balance sheet you have aknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Jones Cooper Limited
Hedley Court
Boothferry Road
Goole
East Yorkshire
DN14 6AA
28 July 2016
Drive True Brit (Fibres) Limited
(Registration number: 02882328)
Abbreviated Balance Sheet at 31 December 2015
Note |
2015
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2014
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Fixed assets |
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Intangible fixed assets |
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- |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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Approved by the director on
2
Drive True Brit (Fibres) Limited
(Registration number: 02882328)
Abbreviated Balance Sheet at 31 December 2015
......... continued
.........................................
Mr Scott William Richardson
Director
3
Drive True Brit (Fibres) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis.
Turnover
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less it's estimated residual value, over the useful economic life of that asset as follows:
Asset class |
Amortisation method and rate |
Intangible Asset |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Motor Vehicles |
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Plant and machinery |
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Fixture and Fittings |
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Investment properties
Stock
Deferred tax
Drive True Brit (Fibres) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Hire purchase and leasing
Financial instruments
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 January 2015 |
- |
85,929 |
85,929 |
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Additions |
1,860 |
218,050 |
219,910 |
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Disposals |
- |
(9,421) |
(9,421) |
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At 31 December 2015 |
1,860 |
294,558 |
296,418 |
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Depreciation |
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At 1 January 2015 |
- |
20,809 |
20,809 |
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Charge for the year |
140 |
909 |
1,049 |
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Eliminated on disposals |
- |
(9,087) |
(9,087) |
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At 31 December 2015 |
140 |
12,631 |
12,771 |
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Net book value |
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At 31 December 2015 |
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At 31 December 2014 |
- |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Drive True Brit (Fibres) Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued
Related party transactions |
Director's advances and credits |
2015 |
2015 |
2014 |
2014 |
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Mr Scott William Richardson |
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- |
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- |
50,287 |
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- |
45,261 |
- |
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- |
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- |
18,516 |
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- |
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23,542 |
- |
53,093 |
53,093 |
68,802 |
68,802 |
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