DNA Heating Limited - Accounts to registrar (filleted) - small 18.2

DNA Heating Limited - Accounts to registrar (filleted) - small 18.2

DNA HEATING LIMITED - Company Information

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REGISTERED NUMBER: 04891688 (England and Wales)















DNA HEATING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

31ST MARCH 2019 TO 31ST MARCH 2020





Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF








DNA HEATING LIMITED (REGISTERED NUMBER: 04891688)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 31ST MARCH 2019 TO 31ST MARCH 2020




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


DNA HEATING LIMITED

COMPANY INFORMATION
FOR THE PERIOD 31ST MARCH 2019 TO 31ST MARCH 2020







DIRECTORS: Mrs D Williams
D Williams





SECRETARY: Mrs D Williams





REGISTERED OFFICE: Colliery Road
Graddfa Indsutrial Estate
Llanbradach
Caerphilly
CF83 3QQ





REGISTERED NUMBER: 04891688 (England and Wales)





ACCOUNTANTS: Johns Jones & Lo Limited
Chartered Accountants & Registered Auditors
16 Lambourne Crescent
Cardiff Business Park
Llanishen
Cardiff
CF14 5GF
Page 1
DNA HEATING LIMITED (REGISTERED NUMBER: 04891688)

BALANCE SHEET
31ST MARCH 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,369 25,462

CURRENT ASSETS
Stocks 264,090 259,772
Debtors 5 184,641 228,968
Cash at bank and in hand 140,479 121,514
589,210 610,254
CREDITORS
Amounts falling due within one year 6 194,633 189,621
NET CURRENT ASSETS 394,577 420,633
TOTAL ASSETS LESS CURRENT
LIABILITIES
414,946
446,095

PROVISIONS FOR LIABILITIES 804 1,178
NET ASSETS 414,142 444,917

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 414,042 444,817
414,142 444,917

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 notes form part of these financial statements

Page 2
DNA HEATING LIMITED (REGISTERED NUMBER: 04891688)

BALANCE SHEET - continued
31ST MARCH 2020


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 6th January 2021 and were signed on its behalf by:





D Williams - Director


The notes form part of these financial statements

Page 3
DNA HEATING LIMITED (REGISTERED NUMBER: 04891688)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 31ST MARCH 2019 TO 31ST MARCH 2020

1. STATUTORY INFORMATION

DNA Heating 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 20% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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.

Hire purchase and 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.

Page 4
DNA HEATING LIMITED (REGISTERED NUMBER: 04891688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST MARCH 2019 TO 31ST MARCH 2020

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2019 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31st March 2019
and 31st March 2020 85,891
DEPRECIATION
At 31st March 2019 60,429
Charge for period 5,093
At 31st March 2020 65,522
NET BOOK VALUE
At 31st March 2020 20,369
At 30th March 2019 25,462

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 22,494 66,957
Amounts owed by group undertakings 3,247 3,247
Other debtors 158,900 158,764
184,641 228,968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 25,000 -
Trade creditors 83,697 83,724
Amounts owed to group undertakings 79,711 87,796
Taxation and social security 3,216 9,018
Other creditors 3,009 9,083
194,633 189,621

7. RELATED PARTY DISCLOSURES

The company operates from premises owed by DADO Limited, its parent company. During the year the company paid a management charge to DADO Limited of £30,000. (£32,500 2019)

Page 5
DNA HEATING LIMITED (REGISTERED NUMBER: 04891688)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 31ST MARCH 2019 TO 31ST MARCH 2020

8. ULTIMATE CONTROLLING PARTY

The company is a subsidiary undertaking of DADO Limited incorporated in the UK and registered in England and Wales. The registered office of DADO Limited is Colliery Road, Graddfa Industrial Estate, Llanbradach, Caerphilly, CF83 3QQ. DADO Limited is controlled by Mrs D Williams.

The group has taken advantage of the exemptions available to small groups and has not produced consolidated accounts.

Page 6