Company Registration No. 03643991 (England and Wales)
D C L CONSULTANCY SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2015
D C L CONSULTANCY SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
D C L CONSULTANCY SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Intangible assets
2
-
12,504
Tangible assets
2
1,552,917
2,006,405
1,552,917
2,018,909
Current assets
Debtors
30,582
6,983
Cash at bank and in hand
37,433
51
68,015
7,034
Creditors: amounts falling due within one year
(45,224)
(133,305)
Net current assets/(liabilities)
22,791
(126,271)
Total assets less current liabilities
1,575,708
1,892,638
Creditors: amounts falling due after more than one year
(957,000)
(1,194,695)
618,708
697,943
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
618,608
697,843
Shareholders' funds
618,708
697,943
For the financial period ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 September 2016
Mr D C Lawrence
Director
Company Registration No. 03643991
D C L CONSULTANCY SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents rent receivable net of VAT.
rent
receivable net of VAT.
1.4
Loan arrangement fee
The loan arrangement fee is being amortised over the term of the loan which is 5 years.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
Not provided
Fixtures, fittings & equipment
15% reducing balance
1.6
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
D C L CONSULTANCY SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2015
- 3 -
2
Fixed assets
Intangible
Tangible
Total
£
£
£
Cost
At 1 November 2014
15,630
2,017,223
2,032,853
Disposals
(15,630)
(452,904)
(468,534)
At 31 December 2015
-
1,564,319
1,564,319
Depreciation
At 1 November 2014
3,126
10,819
13,945
On disposals
(3,126)
-
(3,126)
Charge for the period
-
583
583
At 31 December 2015
-
11,402
11,402
Net book value
At 31 December 2015
-
1,552,917
1,552,917
At 31 October 2014
12,504
2,006,405
2,018,909
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100