Dinaric Limited
Dinaric Limited
Registered number: 11428724
Unaudited Financial Statements
For the Period 22 June 2018 to 30 June 2019
Shore Accounting Ltd
66 Norman Road
St Leonards on Sea
East Sussex
TN38 0EJ
Dinaric Limited
Unaudited Financial Statements
For the Period 22 June 2018 to 30 June 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Dinaric Limited
Balance Sheet
As at
30 June 2019
Balance Sheet
Registered number:
11428724
For the period ending 30 June 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| Period to 30 June 2019 | |||
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| Notes | £ | £ | |
| FIXED ASSETS | |||
| Intangible Assets | 3 |
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| Tangible Assets | 4 |
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| CURRENT ASSETS | |||
| Debtors | 5 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 6 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 5,119 | ||
Page 1
Dinaric Limited
Balance Sheet (continued)
As at
30 June 2019
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Dinaric Limited
Notes to the Financial Statements
For the Period 22 June 2018 to 30 June 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3.
Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold |
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| Fixtures & Fittings |
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2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| Period to 30 June 2019 | |
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| Office and administration |
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Page 3
Dinaric Limited
Notes to the Financial Statements (continued)
For the Period 22 June 2018 to 30 June 2019
3.
Intangible Assets
| Goodwill | |||
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| £ | |||
| Cost | |||
| As at |
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| Additions |
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| As at |
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| Amortisation | |||
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| Provided during the period |
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| Net Book Value | |||
| As at |
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4.
Tangible Assets
| Land & Property | |||
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| Leasehold | Fixtures & Fittings | Total | |
| £ | £ | £ | |
| Cost | |||
| As at |
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| Additions |
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| As at |
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| Depreciation | |||
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| Provided during the period |
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| As at |
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| Net Book Value | |||
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Page 4
Dinaric Limited
Notes to the Financial Statements (continued)
For the Period 22 June 2018 to 30 June 2019
5.
Debtors
| Period to 30 June 2019 | |
|---|---|
| £ | |
| Due within one year | |
| Other taxes and social security |
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6.
Creditors: Amounts Falling Due Within One Year
| Period to 30 June 2019 | |
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| £ | |
| VAT |
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| Net wages | 7,562 |
| Other creditors |
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| Accruals and deferred income |
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| Director's loan account |
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8.
General Information
Dinaric Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11428724 . The registered office is 11 Marine Court, St. Leonard's On Sea, East Sussex, TN38 0DX.
Page 5