David Leslie Bathrooms & Interiors Limited - Period Ending 2014-09-30

David Leslie Bathrooms & Interiors Limited - Period Ending 2014-09-30


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Registration number: 08202881

David Leslie Bathrooms & Interiors Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2014
 

Chase Accounting
4 Station Court
Girton Road
Cannock
Staffordshire
WS11 0EJ

 

David Leslie Bathrooms & Interiors Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3 to 4

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
David Leslie Bathrooms & Interiors Limited
for the Year Ended 30 September 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of David Leslie Bathrooms & Interiors Limited for the year ended 30 September 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants (ACCA), we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .

This report is made solely to the Board of Directors of David Leslie Bathrooms & Interiors Limited, as a body, in accordance with the terms of our engagement letterdated 16 March 2014. Our work has been undertaken solely to prepare for your approval the accounts of David Leslie Bathrooms & Interiors Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than David Leslie Bathrooms & Interiors Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that David Leslie Bathrooms & Interiors Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of David Leslie Bathrooms & Interiors Limited. You consider that David Leslie Bathrooms & Interiors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of David Leslie Bathrooms & Interiors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Chase Accounting
4 Station Court
Girton Road
Cannock
Staffordshire
WS11 0EJ

14 April 2015

 

David Leslie Bathrooms & Interiors Limited
(Registration number: 08202881)
Abbreviated Balance Sheet at 30 September 2014

   

Note

   

30 September 2014
£

   

30 September 2013
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

8,745

   

4,796

 

Current assets

 

             

Cash at bank and in hand

 

   

9,344

   

4,395

 

Creditors: Amounts falling due within one year

 

   

(14,979)

   

(5,016)

 

Net current liabilities

 

   

(5,635)

   

(621)

 

Net assets

 

   

3,110

   

4,175

 

Capital and reserves

 

             

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

 

   

3,109

   

4,174

 

Shareholders' funds

 

   

3,110

   

4,175

 

For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 14 April 2015

.........................................
Mr David Bryant
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

David Leslie Bathrooms & Interiors Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Motor Vehicle

25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Assets held under finance leases, which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital elements of future obligations under the leases are included as liabilities in the balance sheet. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Assets held under hire purchase agreements are capitalised as tangible fixed assets and are depreciated over the shorter of the lease term and their useful lives. The capital element of future finance payments is included within creditors. Finance charges are allocated to accounting periods over the length of the contract and represent a constant proportion of the balance of capital repayments outstanding.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

 

David Leslie Bathrooms & Interiors Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2014
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 October 2013

 

5,995

   

5,995

 

Additions

 

9,540

   

9,540

 

Disposals

 

(5,995)

   

(5,995)

 

At 30 September 2014

 

9,540

   

9,540

 

Depreciation

           

At 1 October 2013

 

1,199

   

1,199

 

Charge for the year

 

795

   

795

 

Eliminated on disposals

 

(1,199)

   

(1,199)

 

At 30 September 2014

 

795

   

795

 

Net book value

           

At 30 September 2014

 

8,745

   

8,745

 

At 30 September 2013

 

4,796

   

4,796

 

3

Share capital

Allotted, called up and fully paid shares

 

30 September 2014

30 September 2013

   

No.

   

£

   

No.

   

£

 

Ordinary Shares of £1 each

 

1

   

1

   

1

   

1