DUDO_(UK)_LTD - Accounts

DUDO (UK) LIMITED - Company Information

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Company Registration No. 06594599 (England and Wales)

DUDO (UK) LTD

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

DUDO (UK) LTD

COMPANY INFORMATION

Director

Mr T Shah

(Appointed 31 March 2015)

Company number

06594599

Registered office

4th Floor

54 Conduit Street

London

W1S 2YY

DUDO (UK) LTD

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2014

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The director presents his report and financial statements for the year ended 31 December 2014.

Director

The following director has held office since 1 January 2014:

Mr I H Gokmen

(Resigned 31 March 2015)

Mr T Shah

(Appointed 31 March 2015)

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Mr T Shah

Director

15 September 2015

DUDO (UK) LTD

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2014

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2014

2013

Notes

Turnover

6,515,361

(9,101,017)

Cost of sales

(6,101,259)

(8,605,201)

Gross profit

414,102

495,816

Direct expenses

(379,138)

(365,192)

Operating profit

34,964

130,624

Overheads

(59,962)

(137,895)

Loss on ordinary activities before taxation

(24,998)

(7,271)

Tax on loss on ordinary activities

Loss for the year

(24,998)

(7,271)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

DUDO (UK) LTD

BALANCE SHEET

AS AT

31 DECEMBER 2014

- 3 -

2014

2013

Notes

Current assets

Stocks

1,977,540

1,736,859

Debtors

1,175,282

1,466,208

Cash at bank and in hand

62,774

49,815

3,215,596

3,252,882

Creditors: amounts falling due within one year

(3,313,041)

(3,325,329)

Total assets less current liabilities

(97,445)

(72,447)

Capital and reserves

Called up share capital

(1)

Other reserves

(78,509)

(65,050)

Profit and loss account

(18,937)

(7,396)

Shareholders' funds

(97,445)

(72,447)

For the financial year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 15 September 2015

Mr T Shah

Director

Company Registration No. 06594599

DUDO (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2014

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Stock

Stock is valued at the lower of cost and net realisable value,after making due allowance for obsolete and slow moving items.

1.5

Foreign currency translation

Transactions in foreign currencies are translated into sterling at the average monthly rate of exchange of the month the transaction occurred. Assets and liabilities in foreign currencies if any are translated into sterling at the rate prevailing at the balance sheet date. Exchange differences are taken into account at arriving at the operating profit.

Taxation

2014

2013

Total current tax

Factors affecting the tax charge for the year

Loss on ordinary activities before taxation

(24,998)

(7,271)

Current tax charge for the year

Debtors

2014

2013

Trade debtors

1,175,282

1,466,208

DUDO (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2014

- 5 -

Creditors: amounts falling due within one year

2014

2013

Trade creditors

2,396,286

3,302,273

Taxation and social security

21,274

890

Other creditors

895,481

22,165

3,313,041

3,325,328

Share capital

2014

2013

Allotted, called up and fully paid