Company Registration No. 08665970 (England and Wales)
D J ELLIOTT LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
D J ELLIOTT LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
D J ELLIOTT LTD
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,083
4,321
Current assets
Debtors
12,103
23,156
Cash at bank and in hand
2,778
14,041
14,881
37,197
Creditors: amounts falling due within one year
(22,863)
(36,922)
Net current liabilities/(assets)
(7,982)
275
Total assets less current liabilities
101
4,596
Creditors: amounts falling due after more than one year
-
(4,473)
101
123
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
1
23
Shareholders' funds
101
123
For the financial year ended 30 September 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 18 May 2017
Mr D J Elliott
Director
Company Registration No. 08665970
D J ELLIOTT LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 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 net of VAT and trade discounts. Turnover is long term contracts.
Turnover is long term contracts.
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
Motor vehicles
25% reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
7,068
Additions
7,769
Disposals
(3,150)
At 30 September 2016
11,687
Depreciation
At 1 October 2015
2,747
On disposals
(1,378)
Charge for the year
2,235
At 30 September 2016
3,604
Net book value
At 30 September 2016
8,083
At 30 September 2015
4,321
D J ELLIOTT LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
4
Related party relationships and transactions
Advances and Credits
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr D J Elliott - amounts advanced
3.25
(8,326)
33,860
-
20,475
5,059
(8,326)
33,860
-
20,475
5,059