Dramatica Ltd - Period Ending 2014-10-31

Registration number: 5108193

Dramatica Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2014
 

Dramatica Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

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 5) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Dramatica Ltd
for the Year Ended 31 October 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dramatica Ltd for the year ended 31 October 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Dramatica Ltd, as a body, in accordance with the terms of our engagement letterdated 22 March 2007. Our work has been undertaken solely to prepare for your approval the accounts of Dramatica Ltd 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 Dramatica Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dramatica Ltd 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 Dramatica Ltd. You consider that Dramatica Ltd 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 Dramatica Ltd. 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.

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

A-spire Business Partners
Chartered Accountants
32 Byron Hill Road
Harrow on the Hill
Middlesex
HA2 0HY

29 July 2015

Page 1

Dramatica Ltd
(Registration number: 5108193)
Abbreviated Balance Sheet at 31 October 2014

		Note			31 October 2014 £			31 October 2013 £
Fixed assets
Tangible fixed assets					522			652
Current assets
Debtors					2,188			2
Cash at bank and in hand					2,355			5,081
					4,543			5,083
Creditors: Amounts falling due within one year					(4,476)			(5,163)
Net current assets/(liabilities)					67			(80)
Total assets less current liabilities					589			572
Provisions for liabilities					(104)			(130)
Net assets					485			442
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					483			440
Shareholders' funds					485			442

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 2

Dramatica Ltd
(Registration number: 5108193)
Abbreviated Balance Sheet at 31 October 2014
......... continued

For the year ending 31 October 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 her 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 28 July 2015

.........................................
R Summers
Director

The notes on pages 4 to 5 form an integral part of these financial statements.
Page 3

Dramatica Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 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
Plant and machinery	20% reducing balance basis

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.

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.

Page 4

Dramatica Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 November 2013		1,239			1,239
At 31 October 2014		1,239			1,239
Depreciation
At 1 November 2013		587			587
Charge for the year		130			130
At 31 October 2014		717			717
Net book value
At 31 October 2014		522			522
At 31 October 2013		652			652

3	Share capital

Allotted, called up and fully paid shares

	31 October 2014						31 October 2013
		No.			£			No.			£
Equity of £1 each		2			2			2			2

4	Related party transactions

Director's advances and credits

	Year ended 31 October 2014 Advance/ Credit £	Year ended 31 October 2014 Repaid £	1 May 2012 to 31 October 2013 Advance/ Credit £	1 May 2012 to 31 October 2013 Repaid £
R Summers
Amounts due to the company	2,186	-	-	-

Page 5