Registered Number 01718891

DARO LIMITED

Abbreviated Accounts

31 December 2012

DARO LIMITED Registered Number 01718891

Abbreviated Balance Sheet as at 31 December 2012

Notes 2012 2011
£ £
Fixed assets
Tangible assets 2 301,223 313,995
Investments 3 568,267 568,267
869,490 882,262
Current assets
Stocks 473,044 440,208
Debtors 563,179 670,523
Cash at bank and in hand 465,363 416,823
1,501,586 1,527,554
Creditors: amounts falling due within one year 4 (380,616) (405,368)
Net current assets (liabilities) 1,120,970 1,122,186
Total assets less current liabilities 1,990,460 2,004,448
Creditors: amounts falling due after more than one year 4 (3,822) (15,287)
Provisions for liabilities (18,682) (17,014)
Total net assets (liabilities) 1,967,956 1,972,147
Capital and reserves
Called up share capital 50,000 50,000
Revaluation reserve 29,126 29,126
Profit and loss account 1,888,830 1,893,021
Shareholders' funds 1,967,956 1,972,147
  • For the year ending 31 December 2012 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 26 September 2013

And signed on their behalf by:
D W Brown, Director

DARO LIMITED Registered Number 01718891

Notes to the Abbreviated Accounts for the period ended 31 December 2012

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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible assets are stated at cost or valuation less depreciation. 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 at the following rates:

Leasehold improvements - 12.5% reducing balance
Pland and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% Reducing balance
Motor vehicles - 25 % reducing balance

Other accounting policies
Investment properties:

Investment properties are stated at open market value. Supluses or deficits on annual valuation of investment properties is transferred to the property revlauation reserve. Depreciation is not provided in respect of investment properties.

Foreign currencies:

Monetary assets and liabilities denominated in foreign curencies are translated into sterling at rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.

Exchange gains and losses are recognised in the profit and loss account.

2 Tangible fixed assets
£
Cost
At 1 January 2012 1,156,933
Additions 43,771
Disposals (3,874)
Revaluations -
Transfers -
At 31 December 2012 1,196,830
Depreciation
At 1 January 2012 842,938
Charge for the year 52,669
On disposals -
At 31 December 2012 895,607
Net book values
At 31 December 2012 301,223
At 31 December 2011 313,995

3Fixed assets Investments
Investment Property

Valuation at 1 January 2012 and 31 December 2012 was £568,267.

Tha valuations were made by the directors during 2006, on an open market value with existing us basis.

4 Creditors
2012
£
2011
£
Secured Debts 66,535 26,752

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