Registered number
09746038
Donabate Limited
Filleted Accounts
31 July 2017
Donabate Limited
Registered number: 09746038
Balance Sheet
as at 31 July 2017
Notes 2017 2016
£ £
Current assets
Cash at bank - 252
Creditors: amounts falling due within one year 2 - (252)
Net current assets - -
Net assets - -
Capital and reserves
Member's funds - -
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr N J J Stevenson
Director
Approved by the board on 31 January 2018
Donabate Limited
Notes to the Accounts
for the year ended 31 July 2017
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rendering of business management and consultancy services. Turnover from the rendering of business management and consultancy services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Creditors: amounts falling due within one year 2017 2016
£ £
Bank overdraft 66 -
Other taxes and social security costs (225) 162
Other creditors 159 90
- 252
3 Other information
Donabate Limited is a private company limited by guarantee and incorporated in England. Its registered office is:
71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Donabate Limited 09746038 false 2016-08-01 2017-07-31 2017-07-31 VT Final Accounts September 2017 Mr N J J Stevenson No description of principal activity 09746038 core:WithinOneYear 2016-07-31 09746038 2016-08-01 2017-07-31 09746038 bus:PrivateLimitedCompanyLtd 2016-08-01 2017-07-31 09746038 bus:AuditExempt-NoAccountantsReport 2016-08-01 2017-07-31 09746038 bus:Director40 2016-08-01 2017-07-31 09746038 1 2016-08-01 2017-07-31 09746038 2 2016-08-01 2017-07-31 09746038 countries:England 2016-08-01 2017-07-31 09746038 bus:FRS102 2016-08-01 2017-07-31 09746038 bus:FullAccounts 2016-08-01 2017-07-31 09746038 2017-07-31 09746038 core:WithinOneYear 2017-07-31 09746038 2016-07-31 iso4217:GBP

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