DRS_BOND_MANAGEMENT_LIMIT - Accounts

DRS BOND MANAGEMENT LIMITED - Company Information

Print Friendly Version

Company Registration No. 06823289 (England and Wales)

DRS BOND MANAGEMENT LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2015

DRS BOND MANAGEMENT LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

DRS BOND MANAGEMENT LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

87,198

34,393

Tangible assets

41,119

45,546

128,317

79,939

Current assets

Debtors

257,416

105,094

Cash at bank and in hand

48,899

130,389

306,315

235,483

Creditors: amounts falling due within one year

(129,281)

(53,866)

Net current assets

177,034

181,617

Total assets less current liabilities

305,351

261,556

Creditors: amounts falling due after more than one year

(176,982)

(203,610)

128,369

57,946

Capital and reserves

Called up share capital

1,250

Share premium account

249,750

Profit and loss account

(122,631)

(193,054)

Shareholders' funds

128,369

57,946

DRS BOND MANAGEMENT LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2015

- 2 -

For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 23 February 2016

C Davies

Director

Company Registration No. 06823289

DRS BOND MANAGEMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

- 3 -

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 surety income for the year.

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:

Computer equipment

25% Reducing Balance

Fixtures, fittings & equipment

25% Reducing Balance

1.5

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 July 2014

37,780

65,409

103,189

Additions

71,740

8,575

80,315

At 30 June 2015

109,520

73,984

183,504

Depreciation

At 1 July 2014

3,387

19,863

23,250

Charge for the year

18,935

13,002

31,937

At 30 June 2015

22,322

32,865

55,187

Net book value

At 30 June 2015

87,198

41,119

128,317

At 30 June 2014

34,393

45,546

79,939

DRS BOND MANAGEMENT LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2015

- 4 -

Creditors: amounts falling due after more than one year

2015

2014

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

(2,663)

(9,599)

Share capital

2015

2014

Allotted, called up and fully paid

1,250 Ordinary £1 Shares of £1 each

1,250