Abbreviated Company Accounts - DESIGNAWEIGH LIMITED

Abbreviated Company Accounts - DESIGNAWEIGH LIMITED


Registered Number 05162817

DESIGNAWEIGH LIMITED

Abbreviated Accounts

30 June 2015

DESIGNAWEIGH LIMITED Registered Number 05162817

Abbreviated Balance Sheet as at 30 June 2015

Notes 2015 2014
£ £
Fixed assets
Intangible assets 2 4,000 4,400
Tangible assets 3 953 813
4,953 5,213
Current assets
Stocks 1,110 2,019
Debtors 5,643 10,519
Cash at bank and in hand 2,632 3,471
9,385 16,009
Creditors: amounts falling due within one year (4,155) (6,544)
Net current assets (liabilities) 5,230 9,465
Total assets less current liabilities 10,183 14,678
Provisions for liabilities (191) (163)
Total net assets (liabilities) 9,992 14,515
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 9,991 14,514
Shareholders' funds 9,992 14,515
  • For the year ending 30 June 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 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 13 January 2016

And signed on their behalf by:
A Bartle, Director

DESIGNAWEIGH LIMITED Registered Number 05162817

Notes to the Abbreviated Accounts for the period ended 30 June 2015

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 value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of
20 years.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets
£
Cost
At 1 July 2014 8,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2015 8,000
Amortisation
At 1 July 2014 3,600
Charge for the year 400
On disposals -
At 30 June 2015 4,000
Net book values
At 30 June 2015 4,000
At 30 June 2014 4,400
3Tangible fixed assets
£
Cost
At 1 July 2014 1,015
Additions 378
Disposals -
Revaluations -
Transfers -
At 30 June 2015 1,393
Depreciation
At 1 July 2014 202
Charge for the year 238
On disposals -
At 30 June 2015 440
Net book values
At 30 June 2015 953
At 30 June 2014 813
4Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1Ordinary shares of £1 each 1 1

5Transactions with directors

Name of director receiving advance or credit: A Bartle
Description of the transaction: Loan
Balance at 1 July 2014: £ 0
Advances or credits made: £ 6,443
Advances or credits repaid: £ 6,443
Balance at 30 June 2015: £ 0