Accounts filed on 30-09-2020
Accounts filed on 30-09-2020
Registered number: 03556950 | ||||||||
FOR THE YEAR ENDED 30/09/2020 | ||||||||
Prepared By: | ||||||||
Ballards Newman | ||||||||
Chartered Accountants | ||||||||
Apex House | ||||||||
Grand Arcade | ||||||||
Tally Ho Corner | ||||||||
London | ||||||||
N12 0EH |
D.G. (UK) TEXTILES LIMITED | ||||||||
UNAUDITED ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/09/2020 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
D Jamshidzadeh | ||||||||
REGISTERED OFFICE | ||||||||
London | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03556950 | ||||||||
ACCOUNTANTS | ||||||||
Ballards Newman | ||||||||
Chartered Accountants | ||||||||
Apex House | ||||||||
Grand Arcade | ||||||||
Tally Ho Corner | ||||||||
London | ||||||||
N12 0EH |
D.G. (UK) TEXTILES LIMITED | ||||||||
UNAUDITED ACCOUNTS | ||||||||
FOR THEYEARENDED30/09/2020 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Strategic Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
D.G. (UK) TEXTILES LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2020 | 2019 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
842,387 | 1,140,146 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 89,287 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 9,835 | 15,735 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 8 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 91,980 | 127,891 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
D.G. (UK) TEXTILES LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/09/2020 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 10% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 10% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
D.G. (UK) TEXTILES LIMITED | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||
Plant and | Commercial | Fixtures | ||||||
Machinery | Vehicles | and Fittings | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/10/2019 | 11,800 | 28,190 | 122,610 | 162,600 | ||||
Additions | - | - | 13,756 | 13,756 | ||||
At 30/09/2020 | 11,800 | 28,190 | 136,366 | 176,356 | ||||
Depreciation | ||||||||
At 01/10/2019 | 9,998 | 23,807 | 60,591 | 94,396 | ||||
For the year | 180 | 1,096 | 7,577 | 8,853 | ||||
At 30/09/2020 | 10,178 | 24,903 | 68,168 | 103,249 | ||||
Net Book Amounts | ||||||||
At 30/09/2020 | 73,107 | |||||||
At 30/09/2019 | 68,204 | |||||||
3. STOCK | 2020 | 2019 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2020 | 2019 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 111,607 | 409,125 | ||||||
Other debtors | 4,878 | - | ||||||
116,485 | 409,125 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
VAT | 13,103 | 26,025 | ||||||
PAYE control | 271 | 1,003 | ||||||
Directors current account | 543,033 | 568,346 | ||||||
Hire purchase | 5,900 | 5,900 | ||||||
Trade creditors | 7,906 | 130,150 | ||||||
Sussex Wash Laundry services | 124,143 | 249,643 | ||||||
Accruals | 104,510 | 69,792 | ||||||
798,866 | 1,050,859 | |||||||
D.G. (UK) TEXTILES LIMITED | ||||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
Hire purchase >1yr | 9,835 | 15,735 | ||||||
9,835 | 15,735 | |||||||
7. EMPLOYEES | ||||||||
2020 | 2019 | |||||||
No. | No. | |||||||
Average number of employees | - | |||||||
The total number of employees in the year was 7 (2019 - 7) | ||||||||
8. PROVISIONS FOR LIABILITIES | 2020 | 2019 | ||||||
£ | £ | |||||||
Deferred taxation | 13,813 | 12,865 | ||||||
13,813 | 12,865 | |||||||
9. SHARE CAPITAL | 2020 | 2019 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1000 | 1000 | |||||||
1,000 | 1,000 | |||||||
10. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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