Registered number
06813717
Derby Claims Limited
Filleted Accounts
28 February 2017
Derby Claims Limited
Registered number: 06813717
Balance Sheet
as at 28 February 2017
Notes 2017 2016
£ £
Fixed assets
Tangible assets 2 - 10,846
- 10,846
Current assets
Cash at bank and in hand 8,834 3,053
8,834 3,053
Creditors: amounts falling due within one year 3 (8,147) (12,522)
Net current assets/(liabilities) 687 (9,469)
Total assets less current liabilities 687 1,377
Net assets 687 1,377
Capital and reserves
Called up share capital 100 100
Profit and loss account 587 1,277
Shareholders' funds 687 1,377
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 members have 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 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.
Mohammed Akhalaq Afsar
Director
Approved by the board on 6 December 2017
Derby Claims Limited
Notes to the Accounts
for the year ended 28 February 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle 20% reducing balance
2 Tangible fixed assets
Motor vehicles Total
£ £
Cost
At 1 March 2016 14,977 14,977
Additions - -
Surplus on revaluation - -
Disposals (14,977) (14,977)
At 28 February 2017 - -
Depreciation
At 1 March 2016 4,131 4,131
Charge for the year - -
Surplus on revaluation - -
On disposals (4,131) (4,131)
At 28 February 2017 - -
Net book value
At 28 February 2017 - -
At 29 February 2016 10,846 10,846
3 Creditors: amounts falling due within one year 2017 2016
£ £
Rent 6,000 -
Director loan 1,747 12,522
Other creditors 400 -
8,147 12,522
4 Other information
Derby Claims Limited is a private company limited by shares and incorporated in England. Its registered office is:
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