DUA_LIPA_LIMITED - Accounts
DUA_LIPA_LIMITED - Accounts
Company Registration No. 09134929 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2015
CONTENTS
FOR THE PERIOD ENDED 31 DECEMBER 2015
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
ACCOUNTANTS' REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DUA LIPA LIMITED FOR THE PERIOD ENDED 31 DECEMBER 2015
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 4 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dua Lipa Limited for the period ended 31 December 2015 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Dua Lipa Limited, as a body, in accordance with the terms of our engagement letter dated 1 September 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Dua Lipa Limited and state those matters that we have agreed to state to the Board of Directors of Dua Lipa Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dua Lipa Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Dua Lipa Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dua Lipa Limited. You consider that Dua Lipa Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Dua Lipa Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
.............................................
Dales Evans and Co Limited
Date
Chartered Accountants
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
- 2 -
2015
Notes
£
£
Fixed assets
Tangible assets
2
Current assets
Debtors
Cash at bank and in hand
26,922
59,196
Creditors: amounts falling due within one year
(74,911)
Net current liabilities
(15,715 )
Total assets less current liabilities
(11,641 )
Capital and reserves
Called up share capital
3
Profit and loss account
(11,643 )
Shareholders' funds
(11,641 )
Director's responsibilities:
-
-
Approved by the Board for issue on 8 April 2016
Director
Company Registration No. 09134929
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 DECEMBER 2015
- 3 -
1
Accounting policies
1.1
Accounting convention
These accounts have been prepared on the going concern basis. This basis may not be appropriate because as at 31 December 2015, the company's current liabilities exceeded its currents assets by £15,715. If all the creditors were to demand immediate repayment, the company might not be able to continue to trade. The director believe's the going concern basis is appropriate and has indicated that they will continue to support the company's working capital requirements.
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
Income from services is recognised when it is performed and entitlement has arisen under the terms of the contract.
Performance fees are recognised on the date of the performance.
1.4
Tangible fixed assets and depreciation
Plant and machinery
1.5
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
1.6
Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2015
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 17 July 2014
-
Additions
5,685
At 31 December 2015
5,685
Depreciation
At 17 July 2014
-
Charge for the period
1,611
At 31 December 2015
1,611
Net book value
At 31 December 2015
4,074
3
Share capital
2015
£
Allotted, called up and fully paid
During the period 2 ordinary shares of £1 each were allotted and fully paid at par.