Dione Interiors Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08963860 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2020

FOR

DIONE INTERIORS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V L Salthouse

Mr J R Salthouse

REGISTERED OFFICE:

The Old Coach House

Horse Fair

Rugeley

Staffordshire

WS15 2EL

REGISTERED NUMBER:

08963860 (England and Wales)

ACCOUNTANTS:

Wynniatt-Husey Ltd

Chartered Accountants

The Old Coach House

Horsefair

Rugeley

Staffordshire

WS15 2EL

FIXED ASSETS

20,494

Tangible assets

4

13,156

CURRENT ASSETS

42,620

Stocks

22,734

19,750

Debtors

5

60,851

38,949

Cash at bank and in hand

49,106

101,319

132,691

CREDITORS

116,539

Amounts falling due within one year

6

128,706

(15,220

)

NET CURRENT ASSETS/(LIABILITIES)

3,985

5,274

TOTAL ASSETS LESS CURRENT LIABILITIES

17,141

CAPITAL AND RESERVES

2

Called up share capital

2

5,272

Retained earnings

17,139

5,274

SHAREHOLDERS' FUNDS

17,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 26 November 2020 and were signed on its behalf by:

Mrs V L Salthouse - Director

Mr J R Salthouse - Director

1.	STATUTORY INFORMATION

Dione Interiors 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.

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Website, software & equipment

-

33% on cost

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.

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 4 (2019 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Website,

Plant and

and

software

Totals

machinery

fittings

& equipment

£

£

£

£

COST

At 1 April 2019

41,399

1,968

25,681

13,750

Additions

1,572

-

820

752

At 31 March 2020

42,971

1,968

26,501

14,502

DEPRECIATION

At 1 April 2019

20,905

877

10,953

9,075

Charge for year

8,910

295

3,930

4,685

At 31 March 2020

29,815

1,172

14,883

13,760

NET BOOK VALUE

At 31 March 2020

13,156

796

11,618

742

At 31 March 2019

20,494

1,091

14,728

4,675

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade debtors

27,059

(9,944

)

Other debtors

33,792

29,694

60,851

19,750

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Bank loans and overdrafts

24,827

29,686

Payments on account

17,924

-

Trade creditors

69,985

63,654

Taxation and social security

5,847

2,334

Other creditors

10,123

20,865

128,706

116,539