Company Registration No. 04993951 (England and Wales)
DEVONSHIRE (SOUTH WEST) LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2014
DEVONSHIRE (SOUTH WEST) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
DEVONSHIRE (SOUTH WEST) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2014
31 December 2014
- 1 -
2014
2013
Notes
£
£
£
£
Current assets
Debtors
450,223
449,337
Cash at bank and in hand
486
139,590
450,709
588,927
Creditors: amounts falling due within one year
(7,848)
(143,798)
Total assets less current liabilities
442,861
445,129
Creditors: amounts falling due after more than one year
(593,857)
(593,857)
(150,996)
(148,728)
Capital and reserves
Called up share capital
2
1
1
Profit and loss account
(150,997)
(148,729)
Shareholders' funds
(150,996)
(148,728)
For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 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 8 September 2015
Mr R S S Sandhu
Director
Company Registration No. 04993951
DEVONSHIRE (SOUTH WEST) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014
- 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).
At the balance sheet date, the company's liabilities exceeded its assets by £1
50
,
996
. However the Director considers that the company will continue to receive the support of its creditors, and that it is therefore appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of this support.
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.
2
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1