Company Registration No. 08794375 (England and Wales)
DRONECRAFT LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
DRONECRAFT LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
DRONECRAFT LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2014
30 November 2014
- 1 -
2014
Notes
£
£
Fixed assets
Tangible assets
2
3,017
Current assets
Debtors
262
Cash at bank and in hand
21,704
21,966
Creditors: amounts falling due within one year
(5,049)
Net current assets
16,917
Total assets less current liabilities
19,934
Capital and reserves
Called up share capital
3
9,510
Share premium account
19,000
Profit and loss account
(8,576)
Shareholders' funds
19,934
For the financial year ended 30 November 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 5 August 2015
B Eicher
Director
Company Registration No. 08794375
DRONECRAFT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 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).
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
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% straight line
1.4
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 28 November 2013
-
Additions
4,023
At 30 November 2014
4,023
Depreciation
At 28 November 2013
-
Charge for the year
1,006
At 30 November 2014
1,006
Net book value
At 30 November 2014
3,017
3
Share capital
2014
£
Allotted, called up and fully paid
9,510 Ordinary shares of £1 each
9,510