DEMON_ENTERPRISES_LIMITED - Accounts

DEMON_ENTERPRISES_LIMITED - Accounts

DEMON ENTERPRISES LIMITED - Company Information

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Company Registration No. 02997581 (England and Wales)
DEMON ENTERPRISES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
DEMON ENTERPRISES LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
DEMON ENTERPRISES LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DEMON ENTERPRISES LIMITED FOR THE YEAR ENDED 31 MARCH 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Demon Enterprises Limited for the year ended 31 March 2016 set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Demon Enterprises Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Demon Enterprises Limited and state those matters that we have agreed to state to the Board of Directors of Demon Enterprises Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Demon Enterprises Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Demon Enterprises Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Demon Enterprises Limited. You consider that Demon Enterprises Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Demon Enterprises Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Morris & Co
30 March 2017
Chartered Accountants
Chester House
Lloyd Drive
Cheshire Oaks Business Park
Ellesmere Port
Cheshire
England
CH65 9HQ
DEMON ENTERPRISES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Intangible assets
2
2,350
2,350
Tangible assets
2
145,257
135,206
147,607
137,556
Current assets
Debtors
12,803
10,858
Cash at bank and in hand
3,213
5
16,016
10,863
Creditors: amounts falling due within one year
(86,605)
(77,918)
Net current liabilities
(70,589)
(67,055)
Total assets less current liabilities
77,018
70,501
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
76,918
70,401
Shareholders'  funds
77,018
70,501
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges her 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 30 March 2017
Mrs K Edge
Director
Company Registration No. 02997581
DEMON ENTERPRISES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
1
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 trading receipts and subsidies excluding value added tax where applicable.trading receipts and subsidies excluding value added tax where applicable.

1.4
Other intangible assets
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
No depreciation charge
Plant and machinery
25% on reducing balance
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
DEMON ENTERPRISES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 May 2015
2,350
165,817
168,167
Additions
-
11,007
11,007
At 31 March 2016
2,350
176,824
179,174
Depreciation
At 1 May 2015
-
30,611
30,611
Charge for the year
-
956
956
At 31 March 2016
-
31,567
31,567
Net book value
At 31 March 2016
2,350
145,257
147,607
At 30 April 2015
2,350
135,206
137,556
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
94 A Ordinary of £1 each
94
94
1 B Ordinary of £1 each
1
1
1 C Ordinary of £1 each
1
1
1 D Ordinary of £1 each
1
1
1 E Ordinary of £1 each
1
1
1 F Ordinary of £1 each
1
1
1 G Ordinary of £1 each
1
1
100
100
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