Deeside Drylining Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05500552 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

FOR

DEESIDE DRYLINING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Ratcliffe

Mrs S Ratcliffe

SECRETARY:

Mrs S Ratcliffe

REGISTERED OFFICE:

The Granary

High Street

Turvey

Bedfordshire

MK43 8DB

REGISTERED NUMBER:

05500552 (England and Wales)

ACCOUNTANTS:

Cox & Co. (Accountancy) Limited

Chartered Accountants

The Granary

High Street

Turvey

Bedford

Bedfordshire

MK43 8DB

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

36,651

47,754

36,651

47,754

CURRENT ASSETS

Debtors

6

165,846

-

Cash at bank

112,728

76,850

278,574

76,850

CREDITORS

Amounts falling due within one year

7

223,401

69,212

NET CURRENT ASSETS

55,173

7,638

TOTAL ASSETS LESS CURRENT LIABILITIES

91,824

55,392

CREDITORS

Amounts falling due after more than one year

8

(15,788

)

(19,721

)

PROVISIONS FOR LIABILITIES

(4,670

)

(4,670

)

NET ASSETS

71,366

31,001

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

71,266

30,901

SHAREHOLDERS' FUNDS

71,366

31,001

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 30 January 2020 and were signed on its behalf by:

I Ratcliffe - Director

1.	STATUTORY INFORMATION

Deeside Drylining 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

33% on cost and 25% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2018

and 31 August 2019

100,000

AMORTISATION

At 1 September 2018

and 31 August 2019

100,000

NET BOOK VALUE

At 31 August 2019

-

At 31 August 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

103,472

Additions

1,264

At 31 August 2019

104,736

DEPRECIATION

At 1 September 2018

55,718

Charge for year

12,367

At 31 August 2019

68,085

NET BOOK VALUE

At 31 August 2019

36,651

At 31 August 2018

47,754

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

150,000

-

Other debtors

15,846

-

165,846

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

13,869

-

Hire purchase contracts

6,000

6,000

Trade creditors

172,251

49,652

Taxation and social security

26,659

7,824

Other creditors

4,622

5,736

223,401

69,212

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

15,788

19,721