ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2013

FOR

DORCOM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D M Berman

SECRETARY:

Ms J King

REGISTERED OFFICE:

25 Brunswick Road

Shoreham by Sea

West Sussex

BN43 5WA

REGISTERED NUMBER:

01159952 (England and Wales)

ACCOUNTANTS:

Plus Accounting

Chartered Accountants

Preston Park House

South Road

Brighton

East Sussex

BN1 6SB

BANKERS:

Lloyds TSB Bank Plc

74-78 Church Road

Hove

East Sussex

BN3 2EE

FIXED ASSETS

Tangible assets

2

23,663

27,103

CURRENT ASSETS

Stocks

750

750

Debtors

3

439,675

534,111

Cash at bank and in hand

2,004

56

442,429

534,917

CREDITORS

Amounts falling due within one year

4

(238,006

)

(257,936

)

NET CURRENT ASSETS

204,423

276,981

TOTAL ASSETS LESS CURRENT LIABILITIES

228,086

304,084

CREDITORS

Amounts falling due after more than one year

(19,440

)

(28,205

)

NET ASSETS

208,646

275,879

CAPITAL AND RESERVES

Called up share capital

5

100

100

Profit and loss account

208,546

275,779

SHAREHOLDERS' FUNDS

208,646

275,879

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2013 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 9 May 2014 and were signed by:

D M Berman - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods and rental and maintenance charges, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Leasehold improvements

-

straight line over 5 years

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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

period of the lease.

Pension costs and other post-retirement benefits

The company makes contributions to defined contribution pension schemes. Contributions payable for the year

are charged in the profit and loss account.

Leased assets as lessor

Installations are treated as 'sold on finance leases' and deemed to be sold at the normal end user price. These

values are included in turnover at the inception of the lease. Income from finance lease rentals is recognised

over the primary period of the lease (14 years) to give a constant rate of return on the outstanding net cash

investment.

Whilst the reporting entity retains legal ownership of the leased asset, the asset is, in substance, the property of

the lessee, given that the lessee receives the risks and rewards associated with the asset.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2012

78,838

Additions

2,500

At 30 September 2013

81,338

DEPRECIATION

At 1 October 2012

51,735

Charge for year

5,940

At 30 September 2013

57,675

NET BOOK VALUE

At 30 September 2013

23,663

At 30 September 2012

27,103

3.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 67,921 (2012 - £ 158,480 )

4.

CREDITORS

Creditors include an amount of £ 16,098 (2012 - £ 13,640 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

7.	INVESTMENT IN FINANCE LEASES

At 30 September 2013 the total cost of assets held under finance leases was £513,538. During the year, the

aggregate rentals receivable under finance leases granted by the company was £37,243.