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Registration number: 08795389

Dan Clark Furniture Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

 

Dan Clark Furniture Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 4

 

Dan Clark Furniture Limited
(Registration number: 08795389)
Abbreviated Balance Sheet at 30 November 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Tangible fixed assets

 

   

23,746

   

30,838

 

Current assets

 

             

Debtors

 

   

1,685

   

4,018

 

Cash at bank and in hand

 

   

13,744

   

1,230

 
   

   

15,429

   

5,248

 

Creditors: Amounts falling due within one year

 

   

(34,267)

   

(34,146)

 

Net current liabilities

 

   

(18,838)

   

(28,898)

 

Net assets

 

   

4,908

   

1,940

 

Capital and reserves

 

             

Called up share capital

 

3

   

1

   

1

 

Profit and loss account

 

   

4,907

   

1,939

 

Shareholders' funds

 

   

4,908

   

1,940

 

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

 

Dan Clark Furniture Limited
(Registration number: 08795389)
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 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 .

Approved by the director on 2 June 2017

.........................................
Mr Daniel Clark
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

 

Dan Clark Furniture Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

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, net of value added tax, 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

Fixtures, fittings and equipment

25% reducing balance

Plant and machinery

25% reducing balance

Computer equipment

33% straight line

Motor vehicles

25% reducing balance

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.

 

Dan Clark Furniture Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

2

Fixed assets

   

Tangible assets
£

   

Total
£

 

Cost

           

At 1 December 2015

 

41,124

   

41,124

 

Additions

 

1,812

   

1,812

 

At 30 November 2016

 

42,936

   

42,936

 

Depreciation

           

At 1 December 2015

 

10,286

   

10,286

 

Charge for the year

 

8,904

   

8,904

 

At 30 November 2016

 

19,190

   

19,190

 

Net book value

           

At 30 November 2016

 

23,746

   

23,746

 

At 30 November 2015

 

30,838

   

30,838

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary shares of £1 each

 

1

   

1

   

1

   

1

 
                         

4

Going concern

The director has reviewed the twelve months ahead and considered the company's financial position and notes no material uncertainties that may cast significant doubt about the ability of it to continue as a going concern.