David_Morris_Fine_Violins - Accounts

DAVID MORRIS FINE VIOLINS LIMITED - Company Information

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David Morris Fine Violins Limited (formerly Stoneblend Limited)

Unaudited Abbreviated Accounts

For the year ended 31 December 2015

Company Registration No. 04986991 (England and Wales)

David Morris Fine Violins Limited (formerly Stoneblend Limited)

Contents

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

David Morris Fine Violins Limited (formerly Stoneblend Limited)

Abbreviated Balance Sheet

As at 31 December 2015

Page 1

2015

2014

Notes

Current assets

Stocks

1,454,349

1,383,984

Cash at bank and in hand

124,507

46,647

1,578,856

1,430,631

Creditors: amounts falling due within one year

(934,767)

(894,264)

Total assets less current liabilities

644,089

536,367

Capital and reserves

Called up share capital

100

Profit and loss account

643,989

536,267

Shareholders' funds

644,089

536,367

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit.

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 29 September 2016

D B Morris

Director

Company Registration No. 04986991

David Morris Fine Violins Limited (formerly Stoneblend Limited)

Notes to the Abbreviated Accounts

For the year ended 31 December 2015

Page 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 January 2015).

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 the invoiced value of goods and services.

1.4

Stock

Stocks are stated at the lower of cost and net realisable value. Cost includes all direct costs incurred in bringing the stocks to their present location and condition.

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.

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100

Related party relationships and transactions

Transactions with director

During the period the director made payments on behalf of the company and received monies in respect of amounts outstanding. At the balance sheet date included within other creditors is an amount of £859,800 (2014 - £842,820) due to the director.