Abbreviated Company Accounts - DEVON AND DORSET PROPERTIES LIMITED

Abbreviated Company Accounts - DEVON AND DORSET PROPERTIES LIMITED


Registered Number 04065392

DEVON AND DORSET PROPERTIES LIMITED

Abbreviated Accounts

30 September 2015

DEVON AND DORSET PROPERTIES LIMITED Registered Number 04065392

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 72,000 76,000
72,000 76,000
Current assets
Stocks 1,140,873 238,275
Debtors 142,705 170,914
Cash at bank and in hand 616,298 308,175
1,899,876 717,364
Creditors: amounts falling due within one year (1,167,713) (96,812)
Net current assets (liabilities) 732,163 620,552
Total assets less current liabilities 804,163 696,552
Total net assets (liabilities) 804,163 696,552
Capital and reserves
Called up share capital 3 1 1
Profit and loss account 804,162 696,551
Shareholders' funds 804,163 696,552
  • 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 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 28 June 2016

And signed on their behalf by:
Raymond McIntyre, Director

DEVON AND DORSET PROPERTIES LIMITED Registered Number 04065392

Notes to the Abbreviated Accounts for the period ended 30 September 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
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:
Plant and machinery 5% straight line

Other accounting policies
Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2Tangible fixed assets
£
Cost
At 1 October 2014 80,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 September 2015 80,000
Depreciation
At 1 October 2014 4,000
Charge for the year 4,000
On disposals -
At 30 September 2015 8,000
Net book values
At 30 September 2015 72,000
At 30 September 2014 76,000
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
2014
£
1Ordinary shares of £1 each 1 1