Diecast Classics & Services Limited - Period Ending 2015-09-30

Registration number: 03107076

Diecast Classics & Services Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 September 2015
 

Andrew Tyzzer
3 Foden Close
Shenstone
Staffordshire
WS14 0LE

Diecast Classics & Services Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Diecast Classics & Services Limited
for the Year Ended 30 September 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Diecast Classics & Services Limited for the year ended 30 September 2015 set out on pages 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Diecast Classics & Services Limited, as a body, in accordance with the terms of our engagement letterdated 22 January 2008. Our work has been undertaken solely to prepare for your approval the accounts of Diecast Classics & Services Limited and state those matters that we have agreed to state to them, 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 Diecast Classics & Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Diecast Classics & Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Diecast Classics & Services Limited. You consider that Diecast Classics & Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Diecast Classics & Services 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 accounts.

......................................

Andrew Tyzzer
3 Foden Close
Shenstone
Staffordshire
WS14 0LE

29 June 2016

Page 1

Diecast Classics & Services Limited
(Registration number: 03107076)
Abbreviated Balance Sheet at 30 September 2015

		Note			2015 £			2014 £
Current assets
Debtors					1,768			5,509
Creditors: Amounts falling due within one year					(2,442)			(6,128)
Net liabilities					(674)			(619)
Capital and reserves
Called up share capital		3			180,002			180,002
Profit and loss account					(180,676)			(180,621)
Shareholders' deficit					(674)			(619)

For the year ending 30 September 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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 .

Approved by the director on 29 June 2016

.........................................
Mr Andrew Phillip Humphreys
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Diecast Classics & Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:-

Asset class	Depreciation method and rate
Freehold Land & Buildings	0.67% straight line basis
Plant and machinery	33.3% straight line basis
Fixtures and fittings	10% straight line basis
Motor vehicles	25% straight line basis
Office equipment	33.3% straight line basis

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

Contributions to money purchase pension schemes are charged to the profit and loss account as they become payable in accordance with the rules of the schemes.

Page 3

Diecast Classics & Services Limited
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 October 2014		10,702			10,702
At 30 September 2015		10,702			10,702
Depreciation
At 1 October 2014		10,702			10,702
At 30 September 2015		10,702			10,702
Net book value
At 30 September 2015		-			-
At 30 September 2014		-			-

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		180,002			180,002			180,002			180,002

Page 4