Abbreviated Company Accounts - DRB LEARNING LIMITED

Abbreviated Company Accounts - DRB LEARNING LIMITED

DRB SCHOOLS AND ACADEMIES SERVICES LIMITED - Company Information

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Registered Number 09372668

DRB LEARNING LIMITED

Abbreviated Accounts

31 March 2016

DRB LEARNING LIMITED Registered Number 09372668

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016
£
Called up share capital not paid -
Fixed assets
Intangible assets -
Tangible assets -
Investments -
-
Current assets
Stocks -
Debtors 39,460
Investments -
Cash at bank and in hand 4,725
44,185
Prepayments and accrued income -
Creditors: amounts falling due within one year (39,879)
Net current assets (liabilities) 4,306
Total assets less current liabilities 4,306
Creditors: amounts falling due after more than one year 0
Provisions for liabilities 0
Accruals and deferred income (3,353)
Total net assets (liabilities) 953
Capital and reserves
Called up share capital 100
Share premium account 0
Revaluation reserve 0
Other reserves 0
Profit and loss account 853
Shareholders' funds 953
  • For the year ending 31 March 2016 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 4 October 2016

And signed on their behalf by:
DAVID BAGLEY, Director

DRB LEARNING LIMITED Registered Number 09372668

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 total invoice value, excluding value added tax, of contracts / work undertaken during the period

Tangible assets depreciation policy
Tangible fixed assets are stated at cost. Depreciation is calculated on a straight line basis at annual rates estimated to write off each asset over the term of its estimated useful life. The rates generally in use are as follows:

Office Equipment 20%
Computer Equipment & Software 20%

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Other accounting policies
Obligations under bank loan are included in creditors net of the interest charge. The interest element of the loan payment is charged to the profit and loss account