Abbreviated Company Accounts - DAVID J. ARCHER (HOLDINGS) LIMITED

DAVID J. ARCHER (HOLDINGS) LIMITED Registered Number 02622823

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	559,969	561,786
		559,969	561,786
Current assets
Stocks		15,000	5,000
Debtors		81,479	45,196
Cash at bank and in hand		1,509	609
		97,988	50,805
Creditors: amounts falling due within one year	3	(435,801)	(282,203)
Net current assets (liabilities)		(337,813)	(231,398)
Total assets less current liabilities		222,156	330,388
Creditors: amounts falling due after more than one year	3	(126,861)	(271,180)
Total net assets (liabilities)		95,295	59,208
Capital and reserves
Called up share capital	4	1,000	1,000
Other reserves		163,520	163,520
Profit and loss account		(69,225)	(105,312)
Shareholders' funds		95,295	59,208

For the year ending 31 March 2015 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 30 November 2015

And signed on their behalf by:
D J Archer, Director

DAVID J. ARCHER (HOLDINGS) LIMITED Registered Number 02622823

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery reducing balance 25%
Fixtures and Fittings reducing balance 25%
Motor Cars reducing balance 25%

Other accounting policies
Investment Properties
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view.

Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.

SECURED CREDITORS
The bank loans and overdrafts are secured by a fixed and floating charge over the leasehold investment properties and by a personal guarantee limited to £60,000 by the directors of the company.

2Tangible fixed assets

	£
Cost
At 1 April 2014	582,076
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	582,076
Depreciation
At 1 April 2014	20,290
Charge for the year	1,817
On disposals	-
At 31 March 2015	22,107
Net book values
At 31 March 2015	559,969
At 31 March 2014	561,786

The leasehold investment properties have not been depreciated in line with the Companies Act in order to show a true and fair view. Had the properties been depreciated, the accumulated depreciation would have been £32,004, (Last Year £30,225) with a net book value of £512,996, (Last Year £514,775).

3Creditors

	2015 £	2014 £
Secured Debts	170,306	388,087
Instalment debts due after 5 years	0	215,980

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 A Ordinary shares of £1 each	1,000	1,000