Decade Distribution Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03297422 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2020

for

Decade Distribution Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C McNulty

SECRETARY:

P McNulty

REGISTERED OFFICE:

3 Keable Road

Wrecclesham

Farnham

Surrey

GU10 4PW

REGISTERED NUMBER:

03297422 (England and Wales)

ACCOUNTANTS:

Kingston Burrowes

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

CURRENT ASSETS

Debtors

5

25,864

17,810

Cash at bank

732,523

762,472

758,387

780,282

CREDITORS

Amounts falling due within one year

6

190,280

157,022

NET CURRENT ASSETS

568,107

623,260

TOTAL ASSETS LESS CURRENT LIABILITIES

568,107

623,260

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

7

568,103

623,256

SHAREHOLDERS' FUNDS

568,107

623,260

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 May 2021 and were signed by:

C McNulty - Director

1.	STATUTORY INFORMATION

Decade Distribution 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture & Equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

& Equipment

£

COST

At 1 November 2019

and 31 October 2020

1,357

DEPRECIATION

At 1 November 2019

and 31 October 2020

1,357

NET BOOK VALUE

At 31 October 2020

-

At 31 October 2019

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Trade debtors

16,973

8,796

Prepayments and accrued income

8,891

9,014

25,864

17,810

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.20

31.10.19

£

£

Corporation tax

2,950

1,433

Social security and other taxes

244

231

Other creditors

175,641

138,641

Director's current account

8,695

13,567

Accruals and deferred income

2,750

3,150

190,280

157,022

7.

RESERVES

Retained

earnings

£

At 1 November 2019

623,256

Profit for the year

11,847

Dividends

(67,000

)

At 31 October 2020

568,103

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2019 - £30,000) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C McNulty.