For the year ended 28 February 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07556444
Dribond Systems Limited
For the year ended 28 February 2014
1
Accountants' Report
2
Balance Sheet
3
Notes to the Abbreviated Financial Statements
Dribond Systems Limited
Chartered Accountants' Report
For the year ended 28 February 2014
Chartered Accountants' Report to the Board of Directors
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of Dribond |
| Systems Limited for the year ended 28 February 2014 which comprise the Profit and Loss Account, the Balance Sheet and the related |
| notes from the company's accounting records and from information and explanations you have given us. |
| As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other |
| professional requirements which are detailed at icaew.com/membershandbook. |
| This report is made solely to the Board of Directors of Dribond Systems Limited, as a body, in accordance with the terms of our |
| engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Dribond Systems Limited |
| and state those matters that we have agreed to state to the Board of Directors of Dribond Systems Limited, as a body, in this report in |
| accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume |
| responsibility to anyone other than Dribond Systems Limited and its Board of Directors as a body for our work or for this report. |
| It is your duty to ensure that Dribond Systems Limited has kept adequate accounting records to prepare statutory accounts that give a |
| true and fair view of the assets, liabilities, financial position and loss of Dribond Systems Limited. You consider that Dribond Systems |
| 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 accounts of Dribond Systems 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 accounts. |
Johnson Walker
Horizon House
2 Whiting Street
Sheffield
S8 9QR
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| Abbreviated Balance Sheet |
Dribond Systems Limited
2014
2013
2
3,150
37,172
3,150
37,172
609
1,465
4,020
2,328
530
-
4,323
4,629
| Creditors: amounts falling due within one year |
(41,188)
(32,997)
(36,559)
(28,674)
Net current liabilities
| Total assets less current liabilities |
(25,524)
613
(25,524)
Net assets/liabilities
613
100
3
100
(25,624)
513
(25,524)
613
Shareholders funds
| For the year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his 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.
| Date approved by the board: 28 October 2014 |
| Signed on behalf of the board of directors |
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| Notes to the Abbreviated Financial Statements |
Dribond Systems Limited
For the year ended 28 February 2014
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Motor Vehicles
| Stocks and work in progress |
| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
43,300
(39,100)
4,200
6,128
(5,865)
787
Charge for year
1,050
3,150
37,172
| Allotted called up and fully paid |
2014
2013
| 100 Class A shares of £1.00 each |
100
100
100
100
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