Registered Number 06238398

A & D DUNCAN LTD

Abbreviated Accounts

31 May 2016

A & D DUNCAN LTD Registered Number 06238398

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 2,950 5,900
Tangible assets 3 1,643 1,560
4,593 7,460
Current assets
Debtors 19,700 12,983
Cash at bank and in hand 110,088 100,265
129,788 113,248
Creditors: amounts falling due within one year (12,331) (16,067)
Net current assets (liabilities) 117,457 97,181
Total assets less current liabilities 122,050 104,641
Creditors: amounts falling due after more than one year (95,403) (61,791)
Total net assets (liabilities) 26,647 42,850
Capital and reserves
Called up share capital 2 2
Profit and loss account 26,645 42,848
Shareholders' funds 26,647 42,850
  • For the year ending 31 May 2016 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 31 January 2017

And signed on their behalf by:
Mr Andrew Duncan, Director

A & D DUNCAN LTD Registered Number 06238398

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
a) Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard Entities (effective January 2015)

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 (expect as otherwise stated).

Turnover policy
Turnover represents amount receivable for goods and services, net of VAT and trade discounts

Tangible assets depreciation policy
Tangible fixed assets 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
Fixtures, fittings & equipment - 25% reducing balance

Other accounting policies
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life

2Intangible fixed assets
£
Cost
At 1 June 2015 29,500
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 29,500
Amortisation
At 1 June 2015 23,600
Charge for the year 2,950
On disposals -
At 31 May 2016 26,550
Net book values
At 31 May 2016 2,950
At 31 May 2015 5,900
3Tangible fixed assets
£
Cost
At 1 June 2015 6,167
Additions 631
Disposals -
Revaluations -
Transfers -
At 31 May 2016 6,798
Depreciation
At 1 June 2015 4,607
Charge for the year 548
On disposals -
At 31 May 2016 5,155
Net book values
At 31 May 2016 1,643
At 31 May 2015 1,560