Registered number
06976043
Dry Logic Ltd
Abbreviated Accounts
31 July 2013
DOWSETT MOORE
Chartered Accountants
HINCKLEY
Leicestershire
Dry Logic Ltd
Registered number: 06976043
Abbreviated Balance Sheet
as at 31 July 2013
Notes 2013 2012
£ £
Fixed assets
Tangible assets 2 1,149 1,436
Current assets
Stocks 1,685 -
Debtors 151 -
Cash at bank and in hand 2,098 1,797
3,934 1,797
Creditors: amounts falling due within one year (22,545) (29,804)
Net current liabilities (18,611) (28,007)
Net liabilities (17,462) (26,571)
Capital and reserves
Called up share capital 3 100 100
Profit and loss account (17,562) (26,671)
Shareholder's funds (17,462) (26,571)
The directors are 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 directors acknowledge their 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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
P L Jamieson
Director
Approved by the board on 24 January 2014
Dry Logic Ltd
Notes to the Abbreviated Accounts
for the year ended 31 July 2013
1 Accounting policies
Basis of preparation
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
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and equipment 20% reducing balance
Stocks
Stock is valued at the lower of cost and net realisable value.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Tangible fixed assets £
Cost
At 1 August 2012 2,705
At 31 July 2013 2,705
Depreciation
At 1 August 2012 1,269
Charge for the year 287
At 31 July 2013 1,556
Net book value
At 31 July 2013 1,149
At 31 July 2012 1,436
3 Share capital Nominal 2013 2013 2012
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
Dry Logic Ltd 06976043 false true 2012-08-01 2013-07-31 2013-07-31 P L Jamieson 06976043 uk-bus:OrdinaryShareClass1 2012-07-31 06976043 2012-08-01 2013-07-31 06976043 uk-bus:Director40 2012-08-01 2013-07-31 06976043 uk-gaap:PlantMachinery 2012-08-01 2013-07-31 06976043 uk-bus:OrdinaryShareClass1 2012-08-01 2013-07-31 06976043 2013-07-31 06976043 uk-bus:OrdinaryShareClass1 2013-07-31 06976043 2012-07-31 iso4217:GBP xbrli:shares

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