Drakon66 Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07338123 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

DRAKON66 LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S G Garrett

REGISTERED OFFICE:

1 Bramley Business Centre

Station Road

Bramley

Surrey

GU5 0AZ

REGISTERED NUMBER:

07338123 (England and Wales)

FIXED ASSETS

Tangible assets

2

1,805

6,644

CURRENT ASSETS

Stocks

7,355

7,884

Debtors

14,960

11,968

Cash at bank

1,415

1,475

23,730

21,327

CREDITORS

Amounts falling due within one year

3

25,484

21,200

NET CURRENT (LIABILITIES)/ASSETS

(1,754

)

127

TOTAL ASSETS LESS CURRENT
LIABILITIES

51

6,771

CREDITORS

Amounts falling due after more than one year

3

-

6,401

NET ASSETS

51

370

CAPITAL AND RESERVES

Called up share capital

4

1

Profit and loss account

50

369

SHAREHOLDERS' FUNDS

51

370

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 March 2017 and were signed by:

S G Garrett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents sales of copying and printing services, excluding value added tax, performed during the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Office equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

30,385

DEPRECIATION

At 1 September 2015

23,741

Charge for year

4,839

At 31 August 2016

28,580

NET BOOK VALUE

At 31 August 2016

1,805

At 31 August 2015

6,644

3.

CREDITORS

Creditors include an amount of £ 4,469 (2015 - £ 8,108 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 August 2016, S G Garrett had loaned the company £5,199 (2015 - £13). There was no interest due on the loan and

it was repayable upon demand.

6.	ULTIMATE CONTROLLING PARTY

The director is the ultimate controlling party by virtue of his controlling shareholding in the company.