Company Registration No. 03625319 (England and Wales)
DOV PORTFOLIO LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
DOV PORTFOLIO LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DOV PORTFOLIO LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
16,015
16,667
Current assets
Cash at bank and in hand
-
736
Creditors: amounts falling due within one year
(15,233)
(14,127)
Net current liabilities
(15,233)
(13,391)
Total assets less current liabilities
782
3,276
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
780
3,274
Shareholders' funds
782
3,276
For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his 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 9 June 2016
B D Bernstein
Director
Company Registration No. 03625319
DOV PORTFOLIO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 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 April 2008).
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:
Fixtures, fittings & equipment
25% Reducing balance
1.5
Revenue recognition
Fee income represents revenue earned for the provision of professional services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.
2
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 October 2014
71,751
Additions
3,352
At 30 September 2015
75,103
Depreciation
At 1 October 2014
55,084
Charge for the year
4,004
At 30 September 2015
59,088
Net book value
At 30 September 2015
16,015
At 30 September 2014
16,667
DOV PORTFOLIO LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 Ordinary shares of £1 each
2
2