Dominate Your Market With Damian Leon Limited - Period Ending 2015-09-30

Dominate Your Market With Damian Leon Limited - Period Ending 2015-09-30


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Registration number: 07384347

Dominate Your Market With Damian Leon Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Acconomy Limited
Chartered Certified Accountants
Arena Business Centre
Holyrood Close
Poole
Dorset
BH17 7FJ

 

Dominate Your Market With Damian Leon 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
Dominate Your Market With Damian Leon Limited
for the Year Ended 30 September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dominate Your Market With Damian Leon Limited for the year ended 30 September 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 Dominate Your Market With Damian Leon Limited , as a body, in accordance with the terms of our engagement letter . Our work has been undertaken solely to prepare for your approval the accounts of Dominate Your Market With Damian Leon 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 Dominate Your Market With Damian Leon Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dominate Your Market With Damian Leon 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 Dominate Your Market With Damian Leon Limited. You consider that Dominate Your Market With Damian Leon 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 Dominate Your Market With Damian Leon 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.

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

Acconomy Limited
Chartered Certified Accountants
Arena Business Centre
Holyrood Close
Poole
Dorset
BH17 7FJ

15 May 2016

 

Dominate Your Market With Damian Leon Limited
(Registration number: 07384347)
Abbreviated Balance Sheet at 30 September 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

371

   

1,312

 

Current assets

 

             

Debtors

 

   

6,525

   

27,057

 

Cash at bank and in hand

 

   

10

   

-

 
   

   

6,535

   

27,057

 

Creditors: Amounts falling due within one year

 

   

(6,429)

   

(18,332)

 

Net current assets

 

   

106

   

8,725

 

Net assets

 

   

477

   

10,037

 

Capital and reserves

 

             

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

 

   

476

   

10,036

 

Shareholders' funds

 

   

477

   

10,037

 

For the year ending 30 September 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 15 May 2016

.........................................
Mr Philip Damian Leon
Director

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

 

Dominate Your Market With Damian Leon Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 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).

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

Office Equipment

33.3% Straight Line

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.

 

Dominate Your Market With Damian Leon Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 October 2014

 

2,822

   

2,822

 

At 30 September 2015

 

2,822

   

2,822

 

Depreciation

           

At 1 October 2014

 

1,510

   

1,510

 

Charge for the year

 

941

   

941

 

At 30 September 2015

 

2,451

   

2,451

 

Net book value

           

At 30 September 2015

 

371

   

371

 

At 30 September 2014

 

1,312

   

1,312

 

3

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary Shares of £1 each

 

1

   

1

   

1

   

1

 
                         

4

Related party transactions

Director's advances and credits

 

2015
Advance/ Credit
£

2015
Repaid
£

2014
Advance/ Credit
£

2014
Repaid
£

Mr Philip Damian Leon

The director's current account was overdrawn by £5220.07 at the year end (30/09/2015).

5,220

-

20,227

-