Company Registration No. 06136335 (England and Wales)
DALES KITCHENS LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
DALES KITCHENS LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
DALES KITCHENS LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
621
732
Current assets
Stocks
2,100
4,030
Debtors
444
6,389
Cash at bank and in hand
8,551
28,927
11,095
39,346
Creditors: amounts falling due within one year
(10,800)
(34,032)
Net current assets
295
5,314
Total assets less current liabilities
916
6,046
Provisions for liabilities
(116)
(136)
800
5,910
Capital and reserves
Called up share capital
3
30
30
Profit and loss account
770
5,880
Shareholders' funds
800
5,910
For the financial year ended 31 March 2016 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 2 December 2016
Mr R J Alderson
Director
Company Registration No. 06136335
DALES KITCHENS LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 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.
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:
Computer equipment
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015 & at 31 March 2016
1,429
Depreciation
At 1 April 2015
697
Charge for the year
111
At 31 March 2016
808
Net book value
At 31 March 2016
621
At 31 March 2015
732
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
30 Ordinary Shares of £1 each
30
30
4
Related party relationships and transactions
DALES KITCHENS LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
4
Related party relationships and transactions
(Continued)
- 3 -
Directors loan
The Director has provided the company with working capital in the form of an interest free loan which is repayable on demand. As at 31st March 2016, and included within 'Creditors: amounts due within one year' is a loan from the Director amounting to £5,000 (2015: £23,650).