Dernier & Hamlyn Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 04061729 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 28 February 2015

for

Dernier & Hamlyn Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr G James

Mr B Spiking

Mr J Quantrill

REGISTERED OFFICE:

Unit 5 Croydon Business Centre

214 Purley Way

Croydon

Surrey

CR0 4XG

REGISTERED NUMBER:

04061729 (England and Wales)

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

17,910

24,232

Investments

4

100

110

18,010

24,342

CURRENT ASSETS

Stocks

297,759

289,236

Debtors

918,624

847,111

Cash at bank

333,260

201,293

1,549,643

1,337,640

CREDITORS

Amounts falling due within one year

847,526

744,204

NET CURRENT ASSETS

702,117

593,436

TOTAL ASSETS LESS CURRENT LIABILITIES

720,127

617,778

PROVISIONS FOR LIABILITIES

2,561

210

NET ASSETS

717,566

617,568

CAPITAL AND RESERVES

Called up share capital

5

60,000

60,000

Profit and loss account

657,566

557,568

SHAREHOLDERS' FUNDS

717,566

617,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 3 November 2015 and were signed on its behalf by:

Mr G James - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of

Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done

in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts

for on-going services is recognised by reference to the stage of completion.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of five years.

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

-

10% - 33.3% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

and 28 February 2015

49,500

AMORTISATION

At 1 March 2014

and 28 February 2015

49,500

NET BOOK VALUE

At 28 February 2015

-

At 28 February 2014

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 March 2014

132,121

Additions

570

At 28 February 2015

132,691

DEPRECIATION

At 1 March 2014

107,889

Charge for year

6,892

At 28 February 2015

114,781

NET BOOK VALUE

At 28 February 2015

17,910

At 28 February 2014

24,232

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 March 2014

110

Impairments

(10

)

At 28 February 2015

100

NET BOOK VALUE

At 28 February 2015

100

At 28 February 2014

110

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Reid Lighting Company Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

2015

2014

£

£

Aggregate capital and reserves

100

100

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

60,000

Ordinary

£1

60,000

60,000