Dragonpearl (UK) Limited - Limited company accounts 16.1

REGISTERED NUMBER: 05852184 (England and Wales)

Report of the Director and

Financial Statements

for the Year Ended

31 August 2015

for

Dragonpearl (UK) Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

M Elias

SECRETARY:

Ascot Drummond Secretarial Limited

REGISTERED OFFICE:

Devonshire House

Manor Way

Borehamwood

Hertfordshire

London

WD6 1QQ

REGISTERED NUMBER:

05852184 (England and Wales)

ACCOUNTANTS:

Ascot Drummond

Suite 12

River Court

5 West Victoria Dock Road

Dundee

DD1 3JT

The director presents his report with the financial statements of the company for the year ended 31 August 2015.

DIRECTOR

M Elias held office during the whole of the period from 1 September 2014 to the date of this report.

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

companies.

ON BEHALF OF THE BOARD:

M Elias - Director

11 May 2016

TURNOVER

93,285

57,983

Administrative expenses

82,729

55,726

OPERATING PROFIT

2

10,556

2,257

Interest receivable and similar income

23

40

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

10,579

2,297

Tax on profit on ordinary activities

3

1,973

722

PROFIT FOR THE FINANCIAL YEAR

8,606

1,575

FIXED ASSETS

Tangible assets

5

2,167

1,545

CURRENT ASSETS

Debtors

6

-

399

Cash at bank

26,793

39,504

26,793

39,903

CREDITORS

Amounts falling due within one year

7

28,896

29,490

NET CURRENT (LIABILITIES)/ASSETS

(2,103

)

10,413

TOTAL ASSETS LESS CURRENT
LIABILITIES

64

11,958

CAPITAL AND RESERVES

Called up share capital

8

1

Profit and loss account

9

63

11,957

SHAREHOLDERS' FUNDS

64

11,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 11 May 2016 and were signed by:

M Elias - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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 etc

-

33% on cost and 25% on reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	OPERATING PROFIT

The operating profit is stated after charging:

31.8.15

31.8.14

£

Depreciation - owned assets

436

3,600

Director's remuneration and other benefits etc

8,001

7,802

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

31.8.15

31.8.14

£

Current tax:

UK corporation tax

1,973

722

Tax on profit on ordinary activities

1,973

722

4.

DIVIDENDS

31.8.15

31.8.14

£

Ordinary share of 1

Final

20,500

29,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2014

22,060

Additions

3,055

Disposals

(1,997

)

At 31 August 2015

23,118

DEPRECIATION

At 1 September 2014

20,515

Charge for year

436

At 31 August 2015

20,951

NET BOOK VALUE

At 31 August 2015

2,167

At 31 August 2014

1,545

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.15

31.8.14

£

Other debtors

-

399

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.15

31.8.14

£

Trade creditors

89

148

Taxation and social security

1,981

722

Other creditors

26,826

28,620

28,896

29,490

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.15

31.8.14

value:

£

1

Ordinary

1

9.

RESERVES

Profit

and loss

account

£

At 1 September 2014

11,957

Profit for the year

8,606

Dividends

(20,500

)

At 31 August 2015

63