Dial Solutions Limited,Ltd - Accounts

Dial Solutions Limited,Ltd - Accounts

DIAL SOLUTIONS LIMITED - Company Information

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2014-09-01 true false Private Limited Company 02900702 2015-08-31 02900702 2014-09-01 2015-08-31 02900702 2014-08-31 02900702 2013-09-01 2014-08-31 02900702 uk-bus:Director1 2014-09-01 2015-08-31 02900702 uk-gaap:PlantMachinery 2014-09-01 2015-08-31 iso4217:GBP
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Dial Solutions Limited
For the year ended 31 August 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 02900702
2
Draft
Contents Page
Dial Solutions Limited
For the year ended 31 August 2015
1
Balance Sheet
2
Notes to the Abbreviated Financial Statements
3
Draft
Abbreviated Balance Sheet
Dial Solutions Limited
As at 31 August 2015
02900702
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Tangible assets
2
5,049
4,547
5,049
4,547
Current assets
Stocks
1,115
1,077
Debtors
3
2,192
2,858
Cash at bank and in hand
32,658
25,783
36,593
29,090
Creditors: amounts falling due within one year
(2,230)
(3,290)
26,860
33,303
Net current assets
Total assets less current liabilities
38,352
31,407
38,352
Net assets
31,407
Capital and reserves
Called up share capital
480
480
Reserves
120
120
Profit and loss account
37,752
30,807
38,352
31,407
Shareholders funds
For the year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Date approved by the board: 30 May 2016
Philip Driscoll Director
Signed on behalf of the board of directors
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4
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Notes to the Abbreviated Financial Statements
Dial Solutions Limited
For the year ended 31 August 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 % 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
79,895
At 01 September 2014
2,185
Additions
At 31 August 2015
82,080
Depreciation
75,348
At 01 September 2014
1,683
Charge for year
77,031
At 31 August 2015
Net book values
At 31 August 2015
5,049
4,547
At 31 August 2014
Debtors include an amount of £2858 (2014: £2192) falling due after more than one year
3 Debtors:
2 of 2