Dolphin Sealants Limited - Accounts

DOLPHIN SEALANTS LIMITED - Company Information

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Registered Number: 04239549

England and Wales

Unaudited Financial Statements

for the year ended 31 March 2019

for

DOLPHIN SEALANTS LIMITED

Dolphin Sealants Limited
Contents Page
For the year ended 31 March 2019

Company Information
Directors' Report
Accountants' Report
Statement of Financial Position
Notes to the Financial Statements
Statement of Changes In Equity

Dolphin Sealants Limited
Company Information
For the year ended 31 March 2019

Directors	C R Dolphin A Dolphin
Registered Number	04239549
Registered Office	120 Kingsway Woking Surrey GU21 6NR
Accountants	Sole Associates SVR Ltd 3 Park Court Pyrford Road West Byfleet Surrey KT14 6SD

Dolphin Sealants Limited
Directors' Report
For the year ended 31 March 2019

The directors present their annual report and the financial statements for the year ended 31 March 2019

Directors
The directors who served the company throughout the year were as follows:

C R Dolphin

A Dolphin (from 21/01/2019)

Statement of Directors' responsibilities

The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to

select suitable accounting policies and then apply them consistently
make judgments and accounting estimates that are reasonable and prudent
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Each director who held office at the date of approval of this directors' report confirms that

So far as the director is aware , there is no relevant audit information needed by the company’s auditor in connection with preparing their report, of which the company auditor is unaware and
The director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company’s auditor is aware of that information.

Small companies regime

This report has been prepared taking advantage of the exemptions for small companies within Part 15 of the Companies Act 2006.

This report was approved by the board and signed on its behalf.

----------------------------------
C R Dolphin
Director

Date approved: 22 November 2019

Dolphin Sealants Limited Accountants' Report For the year ended 31 March 2019
Report to the directors on the preparation of the unaudited statutory accounts of Dolphin Sealants Limited for the year ended 31 March 2019 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dolphin Sealants Limited for the year ended 31 March 2019 which comprise of the Income Statement, the Statement of Financial Position and the related notes from the companys 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://rulebook.accaglobal.com/ This report is made solely to the Board of Directors of Dolphin Sealants Limited, as a body, in accordance with the terms of our engagement letter dated Our work has been undertaken solely to prepare for your approval the accounts of Dolphin Sealants Limited and state those matters that we have agreed to state to the Board of Directors of Dolphin Sealants Limited, 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 Dolphin Sealants Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Dolphin Sealants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dolphin Sealants Limited. You consider that Dolphin Sealants Limited 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 accounts of Dolphin Sealants Limited. 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 accounts 31 March 2019 .................................................... Sole Associates SVR Ltd 3 Park Court Pyrford Road West Byfleet Surrey KT14 6SD 22 November 2019 3

Dolphin Sealants Limited
Accountants' Report
For the year ended 31 March 2019

Report to the directors on the preparation of the unaudited statutory accounts of Dolphin Sealants Limited for the year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dolphin Sealants Limited for the year ended 31 March 2019 which comprise of the Income Statement, the Statement of Financial Position and the related notes from the companys 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://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Dolphin Sealants Limited, as a body, in accordance with the terms of our engagement letter dated Our work has been undertaken solely to prepare for your approval the accounts of Dolphin Sealants Limited and state those matters that we have agreed to state to the Board of Directors of Dolphin Sealants Limited, 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 Dolphin Sealants Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Dolphin Sealants Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dolphin Sealants Limited. You consider that Dolphin Sealants Limited 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 accounts of Dolphin Sealants Limited. 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 accounts
31 March 2019

....................................................
Sole Associates SVR Ltd
3 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD
22 November 2019

Registered Number: 04239549 Dolphin Sealants Limited
Statement of Financial Position
As at 31 March 2019

	Notes	2019 £	2018 £
Fixed assets
Tangible fixed assets	2	52,256	49,203
		52,256	49,203
Current assets
Stocks	3	20,000	20,000
Debtors: amounts falling due within one year	4	130,387	91,104
Cash at bank and in hand		323,689	303,527
		474,076	414,631
Creditors: amount falling due within one year	5	(80,424)	(66,653)
Net current assets		393,652	347,978

Total assets less current liabilities		445,908	397,181
Provisions for liabilities	6	(1,333)	(2,500)
Net assets		444,575	394,681

Capital and reserves
Called up share capital		100	100
Profit and loss account		444,475	394,581
Shareholders funds		444,575	394,681

For the year ended 31 March 2019 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 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 and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

Signed on behalf of the board of directors

--------------------------------
C R Dolphin
Director

Date approved by the board: 22 November 2019

Dolphin Sealants Limited
Statement of Changes In Equity
For the year ended 31 March 2019

	Equity share capital	Retained Earnings	Total
	£	£	£
At 01 April 2017	100	380,785	380,885
Profit for the year		97,796	97,796
Total comprehensive income for the year	-	97,796	97,796
Dividends		(84,000)	(84,000)
Total investments by and distributions to owners	-	(84,000)	(84,000)
At 31 March 2018 (as restated)	100	394,581	394,681
At 01 April 2018	100	394,581	394,681
Profit for the year		140,894	140,894
Total comprehensive income for the year	-	140,894	140,894
Dividends		(91,000)	(91,000)
Total investments by and distributions to owners	-	(91,000)	(91,000)
At 31 March 2019	100	444,475	444,575

Dolphin Sealants Limited
Notes to the Financial Statements
For the year ended 31 March 2019

General Information

Dolphin Sealants Limited is a private company, limited by shares , registered in England and Wales , registration number 04239549 , registration address 120 Kingsway, Woking, Surrey, GU21 6NR.

The presentation currency is £ sterling

Accounting Policies

Significant accounting policies

These financial statements have been prepared in accordance with the provisions of section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution benefit scheme. Contributions payable to the company's pension scheme are charged to the profit and loss in the period to which they relate.

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

25% 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

Tangible fixed assets

Cost	Plant and Machinery	Motor Vehicles	Fixtures and Fittings	Total
	£	£	£	£
At 01 April 2018	6,337	121,528	10,537	138,402
Additions	-	25,135	-	25,135
Disposals	-	(19,829)	-	(19,829)
At 31 March 2019	6,337	126,834	10,537	143,708
Depreciation
At 01 April 2018	6,337	75,515	7,347	89,199
Charge for year	-	16,620	797	17,417
On disposals	-	(15,164)	-	(15,164)
At 31 March 2019	6,337	76,971	8,144	91,452
Net book values
Closing balance as at 31 March 2019	-	49,863	2,393	52,256
Opening balance as at 01 April 2018	-	46,013	3,190	49,203

Stocks

	2019 £		2018 £
Stocks	20,000		20,000
	20,000		20,000

Debtors: amounts falling due within one year

	2019 £	2018 £
Trade Debtors	126,511	87,424
Prepayments & Accrued Income	3,876	3,680
	130,387	91,104

Creditors: amount falling due within one year

	2019 £	2018 £
Trade Creditors	1,768	5,668
Corporation Tax	35,566	26,385
PAYE & Social Security	7,729	8,279
Other Creditors	17,771	14,441
VAT	17,590	11,880
	80,424	66,653

Provisions for liabilities

	2019 £		2018 £
Deferred Tax	1,333		2,500
	1,333		2,500

Directors' Emoluments

8.	Average No.of Employees The average monthly number of employees in the year was 11 (2017:12)