The Darkroom Uk Limited - Accounts to registrar (filleted) - small 18.2

The Darkroom Uk Limited - Accounts to registrar (filleted) - small 18.2

THE DARKROOM UK LIMITED - Company Information

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REGISTERED NUMBER: 04666484 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2019

FOR

THE DARKROOM UK LIMITED
THE DARKROOM UK LIMITED (REGISTERED NUMBER: 04666484)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE DARKROOM UK LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2019







DIRECTOR: A H Baird





SECRETARY: A H Baird





REGISTERED OFFICE: Malvern View Business Park
Stella Way
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 7DQ





REGISTERED NUMBER: 04666484 (England and Wales)





ACCOUNTANTS: Kingscott Dix (Cheltenham) Limited
Chartered Accountants
Malvern View Business Park
Stella Way
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 7DQ
Page 1
THE DARKROOM UK LIMITED (REGISTERED NUMBER: 04666484)

BALANCE SHEET
31 March 2019

2019 2018
Notes £    £   
FIXED ASSETS
Intangible assets 4 10,800 24,000
Tangible assets 5 22,986 23,657
33,786 47,657

CURRENT ASSETS
Stocks 10,856 11,055
Debtors 6 3,468 4,746
Cash at bank 12,807 31,419
27,131 47,220
CREDITORS
Amounts falling due within one year 7 (43,496 ) (89,882 )
NET CURRENT LIABILITIES (16,365 ) (42,662 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,421
4,995

PROVISIONS FOR LIABILITIES (4,251 ) (4,353 )
NET ASSETS 13,170 642

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,070 542
SHAREHOLDERS' FUNDS 13,170 642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The notes form part of these financial statements

Page 2 continued...
THE DARKROOM UK LIMITED (REGISTERED NUMBER: 04666484)

BALANCE SHEET - continued
31 March 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

The financial statements were approved by the director on 7 June 2019 and were signed by:





A H Baird - Director


The notes form part of these financial statements

Page 3
THE DARKROOM UK LIMITED (REGISTERED NUMBER: 04666484)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2019

1. STATUTORY INFORMATION

The Darkroom Uk Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
The directors are of the opinion that there are no significant judgements or estimations used in prepared the
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less
any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year 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.


Page 4 continued...
THE DARKROOM UK LIMITED (REGISTERED NUMBER: 04666484)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2019

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 year 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.

Financial instruments
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic
financial instruments are initially recognised at transaction value and subsequently measured at their settlement
value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2018 60,000
Impairments (10,800 )
At 31 March 2019 49,200
AMORTISATION
At 1 April 2018 36,000
Charge for year 2,400
At 31 March 2019 38,400
NET BOOK VALUE
At 31 March 2019 10,800
At 31 March 2018 24,000

Page 5 continued...
THE DARKROOM UK LIMITED (REGISTERED NUMBER: 04666484)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2019

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2018 80,964
Additions 6,993
At 31 March 2019 87,957
DEPRECIATION
At 1 April 2018 57,307
Charge for year 7,664
At 31 March 2019 64,971
NET BOOK VALUE
At 31 March 2019 22,986
At 31 March 2018 23,657

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 1,148 2,261
Other debtors 2,320 2,485
3,468 4,746

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 5,318 4,243
Tax 3,617 1,460
Social security and other taxes 207 378
VAT 2,822 3,233
Directors' current accounts 28,707 77,368
Accrued expenses 2,825 3,200
43,496 89,882

Page 6