Daly Systems Limited - Accounts to registrar (filleted) - small 18.2
Daly Systems Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Period 1 February 2017 to 31 July 2018 |
| for |
| Daly Systems Limited |
| Daly Systems Limited (Registered number: 03144071) |
| Contents of the Financial Statements |
| for the Period 1 February 2017 to 31 July 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Daly Systems Limited |
| Company Information |
| for the Period 1 February 2017 to 31 July 2018 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Park House |
| 37 Clarence Street |
| Leicester |
| Leicestershire |
| LE1 3RW |
| Daly Systems Limited (Registered number: 03144071) |
| Balance Sheet |
| 31 July 2018 |
| 31.7.18 | 31.1.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their responsibilities for: |
| (a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
| (b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
| Daly Systems Limited (Registered number: 03144071) |
| Balance Sheet - continued |
| 31 July 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Daly Systems Limited (Registered number: 03144071) |
| Notes to the Financial Statements |
| for the Period 1 February 2017 to 31 July 2018 |
| 1. | STATUTORY INFORMATION |
| Daly Systems Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The accounts period has been extended from 31 January 2018 to July 2018. The comparatives are for a twelve |
| month period and therefore not entirely comparable to the current 18 month period. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Daly Systems Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company is exempt under Section |
| 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and estimated selling price less costs to sell, after making due allowance |
| for obsolete and slow moving items. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss account, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| Daly Systems Limited (Registered number: 03144071) |
| Notes to the Financial Statements - continued |
| for the Period 1 February 2017 to 31 July 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the |
| timing difference. |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element |
| of the future payments is treated as a liability. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and | Motor | Computer |
| property | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 February 2017 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 July 2018 |
| DEPRECIATION |
| At 1 February 2017 |
| Charge for period |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 July 2018 |
| NET BOOK VALUE |
| At 31 July 2018 |
| At 31 January 2017 |
| Daly Systems Limited (Registered number: 03144071) |
| Notes to the Financial Statements - continued |
| for the Period 1 February 2017 to 31 July 2018 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| Additions |
| At 31 July 2018 |
| NET BOOK VALUE |
| At 31 July 2018 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.18 | 31.1.17 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Other debtors includes prepayments and accrued income of £43,520 (2017: £37,431). |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.7.18 | 31.1.17 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| Other creditors includes accruals and deferred income of £35,449 (2017: £90,791). |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.7.18 | 31.1.17 |
| value: | £ | £ |
| Ordinary | £1 | 3 | 2 |
| (31.1.17 - 2 ) |
| 9. | OTHER FINANCIAL COMMITMENTS |
| The total amount of financial commitments, guarantees and contingencies that are not included in the balance |
| sheet is £266,667 (2017:£314,667). |