Abbreviated Company Accounts - DESIGNAWEIGH LIMITED

Abbreviated Company Accounts - DESIGNAWEIGH LIMITED


Registered Number 05162817

DESIGNAWEIGH LIMITED

Abbreviated Accounts

30 June 2014

DESIGNAWEIGH LIMITED Registered Number 05162817

Abbreviated Balance Sheet as at 30 June 2014

Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 4,400 4,800
Tangible assets 3 813 167
5,213 4,967
Current assets
Stocks 2,019 -
Debtors 10,519 2,059
Cash at bank and in hand 3,471 3,095
16,009 5,154
Creditors: amounts falling due within one year (6,544) (2,354)
Net current assets (liabilities) 9,465 2,800
Total assets less current liabilities 14,678 7,767
Provisions for liabilities (163) (33)
Total net assets (liabilities) 14,515 7,734
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 14,514 7,733
Shareholders' funds 14,515 7,734
  • For the year ending 30 June 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 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 21 November 2014

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 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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% straight line

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 2013 8,000
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2014 8,000
Amortisation
At 1 July 2013 3,200
Charge for the year 400
On disposals -
At 30 June 2014 3,600
Net book values
At 30 June 2014 4,400
At 30 June 2013 4,800
3Tangible fixed assets
£
Cost
At 1 July 2013 326
Additions 1,015
Disposals (326)
Revaluations -
Transfers -
At 30 June 2014 1,015
Depreciation
At 1 July 2013 159
Charge for the year 202
On disposals (159)
At 30 June 2014 202
Net book values
At 30 June 2014 813
At 30 June 2013 167
4Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
1Ordinary shares of £1 each 1 1

5Transactions with directors

Name of director receiving advance or credit: A S Bartle
Description of the transaction: Loan
Balance at 1 July 2013: £ 769
Advances or credits made: -
Advances or credits repaid: £ 769
Balance at 30 June 2014: £ 0