Devil Mud Run Limited - Period Ending 2016-11-30

Registration number: 09297253

Devil Mud Run Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Devil Mud Run Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Devil Mud Run Limited
(Registration number: 09297253)
Abbreviated Balance Sheet at 30 November 2016

		Note			30 November 2016 £			30 November 2015 £
Fixed assets
Tangible fixed assets					13,682			14,473
Current assets
Debtors					4,972			-
Cash at bank and in hand					14,217			4,986
					19,189			4,986
Creditors: Amounts falling due within one year					(29,682)			(6,439)
Net current liabilities					(10,493)			(1,453)
Total assets less current liabilities					3,189			13,020
Provisions for liabilities					(2,737)			(2,569)
Net assets					452			10,451
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					352			10,351
Shareholders' funds					452			10,451

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

Devil Mud Run Limited
(Registration number: 09297253)
Abbreviated Balance Sheet at 30 November 2016
......... continued

For the year ending 30 November 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 24 August 2017 and signed on its behalf by:

.........................................
D T Harvey
Director

.........................................
N C Williams
Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Devil Mud Run Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016

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 January 2015).

Turnover

Turnover represents amounts chargeable 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
Plant and machinery	20% reducing balance
Motor vehicles	20% reducing balance

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.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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 3

Devil Mud Run Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2015		18,091			18,091
Additions		2,630			2,630
At 30 November 2016		20,721			20,721
Depreciation
At 1 December 2015		3,618			3,618
Charge for the year		3,421			3,421
At 30 November 2016		7,039			7,039
Net book value
At 30 November 2016		13,682			13,682
At 30 November 2015		14,473			14,473

3	Share capital

Allotted, called up and fully paid shares

	30 November 2016						30 November 2015
		No.			£			No.			£
Ordinary A of £1 each		50			50			50			50
Ordinary B of £1 each		50			50			50			50
		100			100			100			100

Page 4

Devil Mud Run Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016

4	Related party transactions

During the year the following transactions were made with directors

	D T Harvey N C Williams Opening balance as at 01 December 2015 (creditor) 23 605 Advances and credits made during the year (33,150) (13,200) Amounts repaid 31,250 12,000 Amounts Outstanding (debtor) (1,877) (595)

The maximum amounts outstanding during the year were £1,877 and £595 to the directors D T Harvey and N C Williams respectivaly. No interest was charged on the loans.

5

Control

The company is controlled by the director s who each own 50% of the called up share capital.

Page 5