Abbreviated Company Accounts - DESIGNAWEIGH LIMITED

Abbreviated Company Accounts - DESIGNAWEIGH LIMITED


Registered Number 05162817

DESIGNAWEIGH LIMITED

Abbreviated Accounts

30 June 2016

DESIGNAWEIGH LIMITED Registered Number 05162817

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 3,600 4,000
Tangible assets 3 1,241 953
4,841 4,953
Current assets
Stocks - 1,110
Debtors 17,394 5,643
Cash at bank and in hand 34,354 2,632
51,748 9,385
Creditors: amounts falling due within one year (22,427) (4,155)
Net current assets (liabilities) 29,321 5,230
Total assets less current liabilities 34,162 10,183
Accruals and deferred income (248) (191)
Total net assets (liabilities) 33,914 9,992
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 33,913 9,991
Shareholders' funds 33,914 9,992
  • For the year ending 30 June 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 8 January 2017

And signed on their behalf by:
A S Bartle, Director

DESIGNAWEIGH LIMITED Registered Number 05162817

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the value of services provided to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 20% reducing balance

Intangible assets amortisation policy
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of
20 years.

Valuation information and policy
Stock is valued at the lower of cost and net realisable value.

2Intangible fixed assets
£
Cost
At 1 July 2015 8,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 8,000
Amortisation
At 1 July 2015 4,000
Charge for the year 400
On disposals -
At 30 June 2016 4,400
Net book values
At 30 June 2016 3,600
At 30 June 2015 4,000
3Tangible fixed assets
£
Cost
At 1 July 2015 1,393
Additions 598
Disposals -
Revaluations -
Transfers -
At 30 June 2016 1,991
Depreciation
At 1 July 2015 440
Charge for the year 310
On disposals -
At 30 June 2016 750
Net book values
At 30 June 2016 1,241
At 30 June 2015 953
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1Ordinary shares of £1 each 1 1