Abbreviated Company Accounts - DRUMMOND LAURIE LIMITED

DRUMMOND LAURIE LIMITED - Company Information

Registered Number SC460334

DRUMMOND LAURIE LIMITED

Abbreviated Accounts

30 September 2014

DRUMMOND LAURIE LIMITED Registered Number SC460334

Abbreviated Balance Sheet as at 30 September 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	199,077
		199,077
Current assets
Debtors		288,364
Cash at bank and in hand		140,049
		428,413
Creditors: amounts falling due within one year		(387,984)
Net current assets (liabilities)		40,429
Total assets less current liabilities		239,506
Provisions for liabilities		(39,815)
Total net assets (liabilities)		199,691
Capital and reserves
Called up share capital	3	100,000
Profit and loss account		99,691
Shareholders' funds		199,691

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 directors acknowledge their 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 Board on 25 June 2015

And signed on their behalf by:
DAVID WHEELER, Director
IAN BILSLAND, Director

DRUMMOND LAURIE LIMITED Registered Number SC460334

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the fair value of professional services provided during the year to clients. Turnover is recognised as contract activity and the right to consideration earned.
Fair value reflects the amount expected to be recoverable from clients and is based on time spent, skills and expertise provided but excludes VAT.
Turnover which has been recognised but not invoiced by the balance sheet date is included in debtors as "Amounts Recoverable on Contracts".

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements 10% Straight line
Fixtures & fittings 20% Straight line
Computer equipment 33.3% Straight line
Office equipment 20% Straight line

Other accounting policies
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, where transactions or events that result in an obligation to pay more or a right to pay less tax in the future have occurred by the balance sheet date with certain limited exceptions.
Deferred tax is calculated on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Tangible fixed assets

	£
Cost
Additions	239,308
Disposals	-
Revaluations	-
Transfers	-
At 30 September 2014	239,308
Depreciation
Charge for the year	40,231
On disposals	-
At 30 September 2014	40,231
Net book values
At 30 September 2014	199,077

3Called Up Share Capital

99,995 Ordinary A shares @ £1 each
1 Ordinary B share @ £1 each
1 Ordinary C share @ £1 each
1 Ordinary D share @ £1 each
1 Ordinary E share @ £1 each
1 Ordinary F share @ £1 each