Company Registration No. 03811076 (England and Wales)
DARLINGTON SUPPORTED HOUSING LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
DARLINGTON SUPPORTED HOUSING LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DARLINGTON SUPPORTED HOUSING LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2015
31 March 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
21,312
40,856
Current assets
Debtors
31,057
15,251
Cash at bank and in hand
625
625
31,682
15,876
Creditors: amounts falling due within one year
3
(23,731)
(24,240)
Net current assets/(liabilities)
7,951
(8,364)
Total assets less current liabilities
29,263
32,492
Creditors: amounts falling due after more than one year
4
(2,488)
29,263
30,004
Capital and reserves
Profit and loss account
29,263
30,004
Shareholders' funds
29,263
30,004
For the financial year ended 31 March 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 30 December 2015
S A Britton
Director
Company Registration No. 03811076
DARLINGTON SUPPORTED HOUSING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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
Turnover
Turnover represents net invoiced sales of services, excluding value added tax.
1.3
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:
Property alterations
20% straight line
Fixtures, fittings & equipment
20% straight line
Motor vehicles
25% on reducing balance
1.4
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.5
Pensions
The pension costs charged in the financial statements represent the contributions payable by the company during the year.
DARLINGTON SUPPORTED HOUSING LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2015
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2014
149,409
Additions
239
Disposals
(23,408)
At 31 March 2015
126,240
Depreciation
At 1 April 2014
108,553
On disposals
(13,944)
Charge for the year
10,319
At 31 March 2015
104,928
Net book value
At 31 March 2015
21,312
At 31 March 2014
40,856
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £2,488 (2014 - £4,977).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £2,488).
5
Related party relationships and transactions
Loans to directors
Included in other debtors is a loan of £22,656 (201 4 - £ 11,023 ) to S A Britton a director of the company. Interest is charged on the loan at HMRC beneficial loan rates. The maximum outstanding during the year was £ 22,656 and is repayable on demand.
£22,656
(201
4
- £
11,023
) to S A Britton a director of the company. Interest is charged on the loan at HMRC beneficial loan rates.
The maximum outstanding during the year was £
22,656
and is repayable on demand.