Company Registration No. 05350646 (England and Wales)
DISC MAKERS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
DISC MAKERS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
DISC MAKERS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
67,017
46,727
Current assets
Stocks
39,932
11,454
Debtors
111,187
54,104
Cash at bank and in hand
79,599
74,807
230,718
140,365
Creditors: amounts falling due within one year
(118,264)
(93,312)
Net current assets
112,454
47,053
Total assets less current liabilities
179,471
93,780
Creditors: amounts falling due after more than one year
(25,808)
(32,354)
Provisions for liabilities
(13,193)
(6,697)
140,470
54,729
Capital and reserves
Called up share capital
3
6,001
6,001
Profit and loss account
134,469
48,728
Shareholders' funds
140,470
54,729
DISC MAKERS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2015
30 September 2015
- 2 -
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.
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 13 January 2016
R Lecount
Director
Company Registration No. 05350646
DISC MAKERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 3 -
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 amounts receivable for goods and services net of VAT and trade discounts.
1.3
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:
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Motor vehicles
25% reducing balance
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2014
69,745
Additions
43,578
Disposals
(17,000)
At 30 September 2015
96,323
Depreciation
At 1 October 2014
23,018
On disposals
(7,238)
Charge for the year
13,526
At 30 September 2015
29,306
Net book value
At 30 September 2015
67,017
At 30 September 2014
46,727
DISC MAKERS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 4 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
6,000 Ordinary shares of £1 each
6,000
6,000
1 Ordinary B share of £1 each
1
1
6,001
6,001