Company Registration No. 03213074 (England and Wales)
D N MANAGEMENT LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016
D N MANAGEMENT LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
D N MANAGEMENT LTD
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2016
30 June 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,696
10,800
Current assets
Debtors
93,396
186,401
Cash at bank and in hand
561,907
172,523
655,303
358,924
Creditors: amounts falling due within one year
(248,816)
(189,615)
Net current assets
406,487
169,309
Total assets less current liabilities
415,183
180,109
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
415,181
180,107
Shareholders' funds
415,183
180,109
For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have 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 21 March 2017
D Naylor
Director
Company Registration No. 03213074
D N MANAGEMENT LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 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 other than freehold land 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:
Freehold property improvements
5% on cost
Computer equipment
33.3% on cost
Fixtures, fittings & equipment
25% on cost
1.5
Pensions
The company operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
D N MANAGEMENT LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 July 2015
54,130
Additions
2,358
Disposals
(17,580)
At 30 June 2016
38,908
Depreciation
At 1 July 2015
43,330
On disposals
(17,580)
Charge for the year
4,462
At 30 June 2016
30,212
Net book value
At 30 June 2016
8,696
At 30 June 2015
10,800
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 ordinary of £1 each
2
2