Durkan Design and Build Limited - Period Ending 2015-03-31

Registration number: 05143336

Durkan Design and Build Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2015
 

L J Hall & Co
Chartered Certified Accountants
36 Dirac Road
Ashley Down
Bristol
BS7 9LP

Durkan Design and Build 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 Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Durkan Design and Build Limited
for the Year Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Durkan Design and Build Limited for the year ended 31 March 2015 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, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Durkan Design and Build Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Durkan Design and Build Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Durkan Design and Build Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Durkan Design and Build 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 profit of Durkan Design and Build Limited. You consider that Durkan Design and Build 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 Durkan Design and Build 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.

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

L J Hall & Co
Chartered Certified Accountants
36 Dirac Road
Ashley Down
Bristol
BS7 9LP

19 July 2015

Page 1

Durkan Design and Build Limited
(Registration number: 05143336)
Abbreviated Balance Sheet at 31 March 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					3,099			3,731
Current assets
Stocks					2,236			1,567
Debtors					288			538
Cash at bank and in hand					10,653			3,255
					13,177			5,360
Creditors: Amounts falling due within one year					(9,580)			(7,412)
Net current assets/(liabilities)					3,597			(2,052)
Total assets less current liabilities					6,696			1,679
Provisions for liabilities					(453)			(461)
Net assets					6,243			1,218
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					6,143			1,118
Shareholders' funds					6,243			1,218

For the year ending 31 March 2015 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 19 July 2015

.........................................
Mr M Durkan
Director

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

Durkan Design and Build Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... 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).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods 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
Computer equipment	33% on cost
Motor vehicles	25% on reducing balance
Plant and machinery	25% on reducing balance

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

Page 3

Durkan Design and Build Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2014		12,405			12,405
Additions		833			833
Disposals		(416)			(416)
At 31 March 2015		12,822			12,822
Depreciation
At 1 April 2014		8,674			8,674
Charge for the year		1,191			1,191
Eliminated on disposals		(142)			(142)
At 31 March 2015		9,723			9,723
Net book value
At 31 March 2015		3,099			3,099
At 31 March 2014		3,731			3,731

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary 'A' of £1 each		97			97			97			97
Ordinary 'B' of £1 each		3			3			3			3
		100			100			100			100

Page 4