DG AERO SYSTEMS LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: NI637883 (Northern Ireland)

Unaudited Financial Statements for the Year Ended 30 April 2019

for

DG AERO SYSTEMS LIMITED

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

D HOUSTON

REGISTERED OFFICE:

113 BALLYCOAN ROAD

BELFAST

Co. Antrim

BT8 8LP

REGISTERED NUMBER:

NI637883 (Northern Ireland)

ACCOUNTANTS:

Henderson & Co

Chartered Certified Accountants

15 Killuney Drive

Armagh

Co. Armagh

BT60 1AY

BANKERS:

Santander

Bridle Road

Bootle

Merseyside

L30 4GB

The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2019 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Henderson & Co

Chartered Certified Accountants

15 Killuney Drive

Armagh

Co. Armagh

BT60 1AY

23 December 2019

FIXED ASSETS

Tangible assets

4

1,281

1,318

CURRENT ASSETS

Debtors

5

1,663

1,598

Cash at bank

32,784

21,788

34,447

23,386

CREDITORS

Amounts falling due within one year

6

9,405

8,702

NET CURRENT ASSETS

25,042

14,684

TOTAL ASSETS LESS CURRENT LIABILITIES

26,323

16,002

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

26,321

16,000

SHAREHOLDERS' FUNDS

26,323

16,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 23 December 2019 and were signed by:

D HOUSTON - Director

1.	STATUTORY INFORMATION

DG AERO SYSTEMS LIMITED is a private company, limited by shares , registered in

Northern Ireland. 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

10% 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 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.

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 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 May 2018

1,560

Additions

106

At 30 April 2019

1,666

DEPRECIATION

At 1 May 2018

242

Charge for year

143

At 30 April 2019

385

NET BOOK VALUE

At 30 April 2019

1,281

At 30 April 2018

1,318

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Trade debtors

1,663

1,598

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.19

30.4.18

£

£

Tax

5,244

4,786

Social security and other taxes

292

163

VAT

3,419

3,284

Directors' current accounts

-

29

Accrued expenses

450

440

9,405

8,702