DRTC Safety Limited - Period Ending 2014-04-05

Registration number: 06238221

DRTC Safety Limited

Unaudited Abbreviated Accounts

for the Year Ended 5 April 2014
 

DRTC Safety Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

DRTC Safety Limited
(Registration number: 06238221)
Abbreviated Balance Sheet at 5 April 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					1,267			773
Current assets
Debtors					283			2,556
Cash at bank and in hand					74,378			43,658
					74,661			46,214
Creditors: Amounts falling due within one year					(35,934)			(26,569)
Net current assets					38,727			19,645
Total assets less current liabilities					39,994			20,418
Provisions for liabilities					(254)			(155)
Net assets					39,740			20,263
Capital and reserves
Called up share capital		3			4			4
Profit and loss account					39,736			20,259
Shareholders' funds					39,740			20,263

For the year ending 5 April 2014 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 2 October 2014

.........................................
Mr John Anthony Clark
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

DRTC Safety Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2014
......... 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, net of value added tax, 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
Computer equipment	33% on cost

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

Page 2

DRTC Safety Limited
Notes to the Abbreviated Accounts for the Year Ended 5 April 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 6 April 2013		1,030			1,030
Additions		819			819
At 5 April 2014		1,849			1,849
Depreciation
At 6 April 2013		257			257
Charge for the year		325			325
At 5 April 2014		582			582
Net book value
At 5 April 2014		1,267			1,267
At 5 April 2013		773			773

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		4			4			4			4

Page 3