D_C_WEBTEC_LIMITED - Accounts

D.C. WEBTEC LIMITED - Company Information

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Company Registration No. 03751059 (England and Wales)

D C WEBTEC LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

D C WEBTEC LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

D C WEBTEC LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

16,315

7,142

Current assets

Debtors

11,084

17,790

Cash at bank and in hand

32,725

57,426

43,809

75,216

Creditors: amounts falling due within one year

(25,083)

(43,987)

Net current assets

18,726

31,229

Total assets less current liabilities

35,041

38,371

Capital and reserves

Called up share capital

100

Profit and loss account

34,941

38,271

Shareholders' funds

35,041

38,371

For the financial year ended 30 April 2015 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 30 October 2015

Mr D Cassidy

Director

Company Registration No. 03751059

D C WEBTEC LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

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 April 2008).

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 for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% reducing balance

Office equipment

15% reducing balance

Motor vehicles

25% reducing balance

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either 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.

D C WEBTEC LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 May 2014

23,339

Additions

12,984

Disposals

(10,514)

At 30 April 2015

25,809

Depreciation

At 1 May 2014

16,197

On disposals

(8,540)

Charge for the year

1,837

At 30 April 2015

9,494

Net book value

At 30 April 2015

16,315

At 30 April 2014

7,142

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100