2B DMC UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09434867 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2019

FOR

2B DMC UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J B Brown

L T Butterfield

REGISTERED OFFICE:

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

REGISTERED NUMBER:

09434867 (England and Wales)

ACCOUNTANTS:

RJP LLP

Ground Floor

Egerton House

68 Baker Street

Weybridge

Surrey

KT13 8AL

FIXED ASSETS

Intangible assets

4

1,471

2,942

Tangible assets

5

25,233

36,932

26,704

39,874

CURRENT ASSETS

Debtors

6

771,860

1,591,509

Cash at bank

1,315,439

1,075,329

2,087,299

2,666,838

CREDITORS

Amounts falling due within one year

7

864,135

1,615,173

NET CURRENT ASSETS

1,223,164

1,051,665

TOTAL ASSETS LESS CURRENT LIABILITIES

1,249,868

1,091,539

PROVISIONS FOR LIABILITIES

9

4,313

5,828

NET ASSETS

1,245,555

1,085,711

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,245,455

1,085,611

SHAREHOLDERS' FUNDS

1,245,555

1,085,711

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 and authorised for issue on 27 July 2020 and were signed on its behalf by:

L T Butterfield - Director

1.	STATUTORY INFORMATION

2B DMC UK 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 net invoiced sales of destination management services, excluding value added tax.

Turnover is recognised in the period the services are carried out.

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.

Website costs are amortised evenly over their estimated useful life of four years.

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

-

33.33% on cost and 25% on cost

Taxation and deferred 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 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.

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 12 (2018 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 December 2018

and 30 November 2019

5,885

AMORTISATION

At 1 December 2018

2,943

Charge for year

1,471

At 30 November 2019

4,414

NET BOOK VALUE

At 30 November 2019

1,471

At 30 November 2018

2,942

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2018

66,100

Additions

9,550

At 30 November 2019

75,650

DEPRECIATION

At 1 December 2018

29,168

Charge for year

21,249

At 30 November 2019

50,417

NET BOOK VALUE

At 30 November 2019

25,233

At 30 November 2018

36,932

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade debtors

203,144

126,367

Other debtors

568,716

1,465,142

771,860

1,591,509

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

30.11.18

£

£

Trade creditors

133,785

322,778

Taxation and social security

145,475

178,548

Other creditors

584,875

1,113,847

864,135

1,615,173

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.11.19

30.11.18

£

£

Within one year

22,059

33,088

Between one and five years

-

22,059

22,059

55,147

9.	PROVISIONS FOR LIABILITIES

30.11.19

30.11.18

£

£

Deferred tax

4,313

5,828

Deferred

tax

£

Balance at 1 December 2018

5,828

Provided for in the period

(1,515

)

Balance at 30 November 2019

4,313

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.19

30.11.18

value:

£

£

100

Ordinary

£1

100

100

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2019 and

30 November 2018:

30.11.19

30.11.18

£

£

Director

Balance outstanding at start of year

(3,759

)

(23,774

)

Amounts advanced

202,211

246,208

Amounts repaid

(202,000

)

(226,193

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,548

)

(3,759

)

Director

Balance outstanding at start of year

(3,759

)

(50,162

)

Amounts advanced

202,211

246,403

Amounts repaid

(202,000

)

(200,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(3,548

)

(3,759

)