Delizique Ltd. - Limited company - abbreviated - 11.9

REGISTERED NUMBER: SC213612 (Scotland)

Abbreviated Accounts For The Year Ended 30 April 2015

for

Delizique Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms M Taylor

Ms J McGregor

R McDonald

SECRETARY:

Ms M Taylor

REGISTERED OFFICE:

c/o Robb Ferguson

5 Oswald Street

Glasgow

G1 4QR

REGISTERED NUMBER:

SC213612 (Scotland)

ACCOUNTANTS:

Robb Ferguson

Chartered Accountants

5 Oswald Street

Glasgow

G1 4QR

FIXED ASSETS

Tangible assets

2

703,628

715,685

CURRENT ASSETS

Stocks

13,000

10,000

Debtors

-

9

Cash at bank and in hand

29,146

40,224

42,146

50,233

CREDITORS

Amounts falling due within one year

3

198,151

203,923

NET CURRENT LIABILITIES

(156,005

)

(153,690

)

TOTAL ASSETS LESS CURRENT LIABILITIES

547,623

561,995

CREDITORS

Amounts falling due after more than one year

3

(327,229

)

(364,366

)

PROVISIONS FOR LIABILITIES

(12,331

)

(14,030

)

NET ASSETS

208,063

183,599

CAPITAL AND RESERVES

Called up share capital

4

1,002

1,002

Profit and loss account

207,061

182,597

SHAREHOLDERS' FUNDS

208,063

183,599

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 20 January 2016 and were signed on its behalf by:

Ms M Taylor - 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

Turnover represents net invoiced sales of goods & services, excluding value added tax. Turnover from the sale of

goods & services are recognised when the goods & services are delivered to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixed plant and equipment

-

25% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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 where transactions or events that result in an obligation to pay more tax in the future, or a right to pay

less tax in the future, have occurred at the balance sheet date. Timing differences are differences between the

Company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains

or losses in tax assessments in periods different from those in which they are recognised in the financial

statements. Deferred tax assets are recognised to the extent they are recoverable and where future taxable profits

are anticipated.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which the timing

differences are expected to reverse, based on tax rates and laws that have been enacted or substantially enacted

by the balance sheet date. Deferred tax is measured on a non-discounted basis.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

939,418

Additions

5,207

At 30 April 2015

944,625

DEPRECIATION

At 1 May 2014

223,733

Charge for year

17,264

At 30 April 2015

240,997

NET BOOK VALUE

At 30 April 2015

703,628

At 30 April 2014

715,685

3.

CREDITORS

Creditors include an amount of £ 358,284 (2014 - £ 395,421 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1,000

Ordinary

£1

1,000

1,000

2

Ordinary B

£1

2

2

1,002

1,002