Denric Securities Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00801940 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2018

for

Denric Securities Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J C Moyle

R W Moyle

SECRETARY:

REGISTERED OFFICE:

409A Hagley Road West

Quinton

Birmingham

West Midlands

B32 2AD

REGISTERED NUMBER:

00801940 (England and Wales)

ACCOUNTANTS:

Colin Meager & Co. Limited

Chartered Accountants

Regent Court

68 Caroline Street

Jewellery Quarter

Birmingham

West Midlands

B3 1UG

FIXED ASSETS

Tangible assets

4

946

1,261

Investments

5

140,670

140,670

141,616

141,931

CURRENT ASSETS

Stocks

1,580,111

1,580,416

Debtors

6

480,817

457,981

Investments

7

916,489

1,082,835

Cash at bank and in hand

1,743,790

1,659,395

4,721,207

4,780,627

CREDITORS

Amounts falling due within one year

8

377,245

288,448

NET CURRENT ASSETS

4,343,962

4,492,179

TOTAL ASSETS LESS CURRENT LIABILITIES

4,485,578

4,634,110

PROVISIONS FOR LIABILITIES

184,231

204,532

NET ASSETS

4,301,347

4,429,578

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

4,301,337

4,429,568

4,301,347

4,429,578

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 September 2019 and were signed on its behalf by:

J C Moyle - Director

1.	STATUTORY INFORMATION

Denric Securities 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.

Plant and machinery etc

-

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 3 (2017 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

16,625

DEPRECIATION

At 1 January 2018

15,364

Charge for year

315

At 31 December 2018

15,679

NET BOOK VALUE

At 31 December 2018

946

At 31 December 2017

1,261

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2018

and 31 December 2018

140,670

NET BOOK VALUE

At 31 December 2018

140,670

At 31 December 2017

140,670

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

8,197

11,993

Other debtors

472,620

445,988

480,817

457,981

7.	CURRENT ASSET INVESTMENTS

31.12.18

31.12.17

£

£

Listed investments

916,489

1,082,835

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

3

1

Taxation and social security

46,652

51,225

Other creditors

330,590

237,222

377,245

288,448