DJB Picture Framing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09107102 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2019

for

DJB Picture Framing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Briggs

Mrs J Briggs

REGISTERED OFFICE:

259 Sharrowvale Road

Sheffield

S11 8ZE

REGISTERED NUMBER:

09107102 (England and Wales)

ACCOUNTANTS:

Camplejohn Rowan

CFC House

Acorn Business Park

Woodseats Close

Sheffield

South Yorkshire

S8 0TB

FIXED ASSETS

Tangible assets

4

912

805

CURRENT ASSETS

Stocks

1,750

1,750

Debtors

5

274

267

Cash at bank and in hand

24,802

28,160

26,826

30,177

CREDITORS

Amounts falling due within one year

6

(16,910

)

(19,601

)

NET CURRENT ASSETS

9,916

10,576

TOTAL ASSETS LESS CURRENT LIABILITIES

10,828

11,381

PROVISIONS FOR LIABILITIES

(173

)

(153

)

NET ASSETS

10,655

11,228

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

10,653

11,226

SHAREHOLDERS' FUNDS

10,655

11,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 July 2019 and were signed on its behalf by:

Mrs J Briggs - Director

1.	STATUTORY INFORMATION

DJB Picture Framing 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.

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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

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 Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 July 2018

1,036

833

1,869

Additions

-

340

340

At 30 June 2019

1,036

1,173

2,209

DEPRECIATION

At 1 July 2018

495

569

1,064

Charge for year

82

151

233

At 30 June 2019

577

720

1,297

NET BOOK VALUE

At 30 June 2019

459

453

912

At 30 June 2018

541

264

805

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Prepayments

274

267

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.19

30.6.18

£

£

Tax

12,746

14,845

VAT

3,999

4,282

Directors' current accounts

165

474

16,910

19,601