DKS_(UK)_LIMITED - Accounts

DKS (UK) LIMITED - Company Information

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Company Registration No. 04154969 (England and Wales)

DKS (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

DKS (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

DKS (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

39,654

48,160

Current assets

Stocks

27,885

26,380

Debtors

55,268

19,765

Cash at bank and in hand

38,905

15,477

122,058

61,622

Creditors: amounts falling due within one year

(70,304)

(52,064)

Net current assets

51,754

9,558

Total assets less current liabilities

91,408

57,718

Provisions for liabilities

(6,100)

(7,350)

85,308

50,368

Capital and reserves

Called up share capital

Profit and loss account

85,306

50,366

Shareholders' funds

85,308

50,368

For the financial year ended 28 February 2015 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 abbreviated 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 17 November 2015

Mr A R Baker

Director

Company Registration No. 04154969

DKS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 2 -

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

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% p.a. reducing balance basis

Fixtures, fittings & equipment

33% p.a. straight line basis

Motor vehicles

25% p.a. reducing balance basis

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

DKS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 March 2014

129,810

Additions

4,636

At 28 February 2015

134,446

Depreciation

At 1 March 2014

81,650

Charge for the year

13,142

At 28 February 2015

94,792

Net book value

At 28 February 2015

39,654

At 28 February 2014

48,160

Share capital

2015

2014

Allotted, called up and fully paid

2 Ordinary of £1 each