Dash Components Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05290025 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Dash Components Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms C Metcalf

C Maher

Miss K Wallace Maher

SECRETARY:

Ms C Metcalf

REGISTERED OFFICE:

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

REGISTERED NUMBER:

05290025 (England and Wales)

ACCOUNTANTS:

Douglas Fairless Partnership

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Tangible assets

4

296,846

270,004

CURRENT ASSETS

Stocks

365,280

407,421

Debtors

367,103

321,382

Cash at bank and in hand

149,083

36,951

881,466

765,754

CREDITORS

Amounts falling due within one year

303,580

348,875

NET CURRENT ASSETS

577,886

416,879

TOTAL ASSETS LESS CURRENT LIABILITIES

874,732

686,883

CREDITORS

Amounts falling due after more than one year

5

(259,070

)

(206,203

)

PROVISIONS FOR LIABILITIES

(26,275

)

(21,177

)

NET ASSETS

589,387

459,503

CAPITAL AND RESERVES

Called up share capital

284

284

Share premium

183,816

183,816

Retained earnings

405,287

275,403

SHAREHOLDERS' FUNDS

589,387

459,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 December 2019 and were signed on its behalf by:

C Maher - Director

1.	STATUTORY INFORMATION

Dash Components Ltd 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance and 15% 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2018 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2018

385,904

Additions

66,289

Disposals

(8,992

)

At 31 March 2019

443,201

DEPRECIATION

At 1 April 2018

115,900

Charge for year

35,609

Eliminated on disposal

(5,154

)

At 31 March 2019

146,355

NET BOOK VALUE

At 31 March 2019

296,846

At 31 March 2018

270,004

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.19

31.3.18

£

£

Repayable by instalments

Bank loans more 5 yr by instal

76,319

59,534