Dagelia Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07843328 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2018

for

Dagelia Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

6

Fixed assets

Tangible assets

3

1,895,312

1,548,187

Current assets

Debtors

4

466

-

Cash at bank and in hand

330

199

796

199

Creditors

Amounts falling due within one year

5

2,040,187

1,651,962

Net current liabilities

(2,039,391

)

(1,651,763

)

Total assets less current liabilities

(144,079

)

(103,576

)

Provisions for liabilities

23,049

30,164

Net liabilities

(167,128

)

(133,740

)

Capital and reserves

Called up share capital

100

Retained earnings

(167,228

)

(133,840

)

Shareholders' funds

(167,128

)

(133,740

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 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 16 August 2019 and were signed on its behalf by:

Dr A A Louw - Director

Dr J Louw - Director

1.	STATUTORY INFORMATION

Dagelia Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address are as below:

Registered number:

07843328

Registered office:

Blakes House

Halse

TAUNTON

Somerset

TA4 3QU

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.

The financial statements are prepared on the going concern basis. The major part of the company's working

capital requirements are provided by loans from the directors. These loans are repayable on demand; however

the directors have indicated that this support will continue for the foreseeable future.

There are no material uncertainties of which the directors are aware having considered the above and made due

enquiries. As such, they continue to adopt the going concern basis in preparing the financial statements which

assumes that the company will continue in operation for the foreseeable future.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% on reducing balance

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

Cost

At 1 December 2017

1,337,393

277,557

1,614,950

Additions

410,000

-

410,000

Associated professional costs

10,677

-

10,677

At 30 November 2018

1,758,070

277,557

2,035,627

Depreciation

At 1 December 2017

11,252

55,511

66,763

Charge for year

29,143

44,409

73,552

At 30 November 2018

40,395

99,920

140,315

Net book value

At 30 November 2018

1,717,675

177,637

1,895,312

At 30 November 2017

1,326,141

222,046

1,548,187

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Other debtors

466

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Bank loans and overdrafts

1,265,776

959,460

Other creditors

774,411

692,502

2,040,187

1,651,962

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors' loans are included in Other creditors due within one year and are interest-free and repayable on

demand. The directors intend to withdraw the loans as and when the company has sufficient funds to repay

them without affecting the cash flow of the company. Neither director's loan account was overdrawn at any time

during the year.

The company has entered into rental agreements with a number of tenants including Watersedge Blue Ltd, a

company in which Dagelia Ltd's directors are shareholders. The lease is subject to a written agreement under

normal market conditions without incentive. Rental income derived from this lease during the year under review

was £60,000 [2017: £37,500].

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who are both dental surgeons.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Directors are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Dagelia Ltd for the year ended 30 November 2018 which comprise the Income Statement,

Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Dagelia Ltd, as a body, in accordance with the terms of our engagement letter dated 6 August 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Dagelia Ltd and state those matters that we have agreed to state to the Board of Directors of Dagelia Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dagelia Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dagelia Ltd. You consider that Dagelia Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dagelia Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kingsley

Chartered Certified Accountants

Kingsley House

19 The Beach

CLEVEDON

N SOMERSET

BS21 7QU

Date: .............................................

Dagelia Ltd - Accounts to registrar (filleted) - small 18.2

Dagelia Ltd - Accounts to registrar (filleted) - small 18.2