Dawn Creations Limited - Limited company accounts 18.2

REGISTERED NUMBER: 06268175 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2019

FOR

DAWN CREATIONS LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Balance Sheet

5

Notes to the Financial Statements

6

DIRECTORS:

Mr. Ian Gary Thomas

Mrs. Margo Thomas

SECRETARY:

Exceed Cosec Services Limited

REGISTERED OFFICE:

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

REGISTERED NUMBER:

06268175 (England and Wales)

ACCOUNTANTS:

Exceed Accountants Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

The directors present their report with the financial statements of the company for the year ended 31st March 2019.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of graphic designing, photography, art therapy,

events planing and co-ordinating.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st April 2018 to the date of this report.

Mr. Ian Gary Thomas

Mrs. Margo Thomas

POLITICAL DONATIONS AND EXPENDITURE

All donations were made to charitable organisations. There were no donations made that relate to any Political

activities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

Mr. Ian Gary Thomas - Director

24th December 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Dawn Creations Limited for the year ended 31st March 2019 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dawn Creations Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dawn Creations Limited and state those matters that we have agreed to state to the Board of Directors of Dawn Creations Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dawn Creations Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dawn Creations Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dawn Creations Limited. You consider that Dawn Creations 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 financial statements of Dawn Creations 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 financial statements.

Exceed Accountants Ltd

Bank House

81 St Judes Road

Englefield Green

Surrey

TW20 0DF

24th December 2019

REVENUE

76,607

65,792

Cost of sales

20,416

7,102

GROSS PROFIT

56,191

58,690

Distribution costs

23,688

23,000

Administrative expenses

23,941

24,382

47,629

47,382

OPERATING PROFIT

4

8,562

11,308

Interest payable and similar expenses

(8

)

411

PROFIT BEFORE TAXATION

8,570

10,897

Tax on profit

1,251

2,175

PROFIT FOR THE FINANCIAL YEAR

7,319

8,722

FIXED ASSETS

Property, plant and equipment

5

2,675

554

CURRENT ASSETS

Debtors

6

11,972

11,466

Cash at bank

64

1,259

12,036

12,725

CREDITORS

Amounts falling due within one year

7

14,597

14,484

NET CURRENT LIABILITIES

(2,561

)

(1,759

)

TOTAL ASSETS LESS CURRENT LIABILITIES

114

(1,205

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

9

112

(1,207

)

SHAREHOLDERS' FUNDS

114

(1,205

)

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

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

The financial statements were approved by the Board of Directors on 24th December 2019 and were signed on its behalf by:

Mr. Ian Gary Thomas - Director

1.	STATUTORY INFORMATION

Dawn Creations 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 represents the value of services provided under contracts to the extent that there is a right to

consideration and is recorded at the value of the consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the service provided to date based on a

proportion of the total expected consideration at completion.

Where payments are received from customers in advance of services provided, the amounts are recorded as

Deferred Income and included as part of Creditors due within one year.

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2019

2018

£

£

Depreciation - owned assets

495

276

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1st April 2018

5,621

Additions

2,616

At 31st March 2019

8,237

DEPRECIATION

At 1st April 2018

5,067

Charge for year

495

At 31st March 2019

5,562

NET BOOK VALUE

At 31st March 2019

2,675

At 31st March 2018

554

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

9,863

2,004

Other debtors

2,109

2,109

Directors' current accounts

-

7,353

11,972

11,466

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

7,783

2,485

Tax

1,251

2,175

Social security and other taxes

493

-

VAT

1,860

1,854

Other creditors

1,032

7,970

Directors' current accounts

570

-

Accruals and deferred income

1,608

-

14,597

14,484

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

2

Ordinary £1 shares

£1 sh

ares

2

2

9.

RESERVES

Retained

earnings

£

At 1st April 2018

(1,207

)

Profit for the year

7,319

Dividends

(6,000

)

At 31st March 2019

112

10.	RELATED PARTY DISCLOSURES

At the Balance Sheet date the Company owed its directors £569.53 (2018 - £7,353 owed to company). The loan

has no fixed repayment date.

During the year the dividends of £3,000 each in respect of ordinary shares (2018 - £5,000 each) were paid to Mr.

I & Mrs. M Thomas, the company's directors and shareholders

11.	ULTIMATE CONTROLLING PARTY

The Company is controlled by its Directors.