DOUGLAS HOLDINGS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
DOUGLAS HOLDINGS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Stocks
66,690
66,690
Debtors
303,446
231,272
Cash at bank and in hand
9,241
3,565
379,377
301,527
Creditors: amounts falling due within one year
(60,116)
(53,043)
Total assets less current liabilities
319,261
248,484
Capital and reserves
Called up share capital
2
2
2
Profit and loss account
319,259
248,482
Shareholders' funds
319,261
248,484
For the financial year ended 30 November 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 31 August 2017
K S Douglas
Director
Company Registration No. SC141463
DOUGLAS HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 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 during the year in respect of business and management consultancy. Revenue from consulting is recognised when the service has been provided and all obligations to the customers under the consulting agreement have been fulfilled. Revenue from artwork is recognised at the point of sale.
1.4
Stock
Stock is valued at the lower of cost and net realisable value.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 Ordinary Shares of £1 each
2
2