DUDO_(UK)_LTD - Accounts

DUDO (UK) LIMITED - Company Information

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Company Registration No. 06594599 (England and Wales)

DUDO (UK) LTD

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

DUDO (UK) LTD

COMPANY INFORMATION

Director

Mr D Acemyan

(Appointed 1 March 2016)

Company number

06594599

Registered office

4th Floor

54 Conduit Street

London

W1S 2YY

DUDO (UK) LTD

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2015

- 1 -

2015

2014

Notes

Turnover

5,474,997

6,515,361

Cost of sales

(5,376,805)

(6,101,259)

Gross profit

98,192

414,102

Distribution costs

(297,416)

(356,831)

Direct expenses

(4,237)

(22,307)

Operating (loss)/profit

(203,461)

34,964

Overheads

(13,753)

(59,962)

Loss on ordinary activities before taxation

(217,215)

(24,998)

Tax on loss on ordinary activities

Loss for the year

(217,215)

(24,998)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

DUDO (UK) LTD

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

The director presents his report and financial statements for the year ended 31 December 2015.

Director

The following director has held office since 1 January 2015:

Mr T Shah

(Appointed 31 March 2015 and resigned 1 March 2016)

Mr I H Gokmen

(Resigned 31 March 2015)

Mr D Acemyan

(Appointed 1 March 2016)

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

On behalf of the board

Mr D Acemyan

Director

14 July 2016

DUDO (UK) LTD

BALANCE SHEET

AS AT

31 DECEMBER 2015

- 3 -

2015

2014

as restated

Notes

Current assets

Stocks

1,184,670

1,977,540

Debtors

1,087,906

1,175,282

Cash at bank and in hand

67,565

62,774

2,340,141

3,215,596

Creditors: amounts falling due within one year

(2,852,129)

(3,313,041)

Total assets less current liabilities

(511,988)

(97,445)

Capital and reserves

Called up share capital

(1)

Prior Year Adjustment

(197,219)

Reserves

(97,555)

(72,448)

Profit and loss account

(217,215)

(24,998)

Shareholders' funds

(511,988)

(97,445)

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 14 July 2016

Mr D Acemyan

Director

Company Registration No. 06594599

DUDO (UK) LTD

STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

2015

2014

as restated

Notes

Loss for the financial year

(217,215)

(24,998)

Prior year adjustment

(197,219)

Total gains and losses recognised since last financial statements

(414,434)

(24,998)

DUDO (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 5 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

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

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Stock

Stock is valued at the lower of cost and net realisable value,after making due allowance for obsolete and slow moving items.

1.5

Foreign currency translation

Transactions in foreign currencies are translated into sterling at the average monthly rate of exchange of the month the transaction occurred. Assets and liabilities in foreign currencies if any are translated into sterling at the rate prevailing at the balance sheet date. Exchange differences are taken into account at arriving at the operating profit.

Taxation

2015

2014

Total current tax

Factors affecting the tax charge for the year

Loss on ordinary activities before taxation

(217,215)

(24,998)

Creditors: amounts falling due within one year

2015

2014

Trade creditors

1,866,341

2,396,285

Taxation and social security

70,632

21,275

Other creditors

915,156

895,481

2,852,129

3,313,041

DUDO (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 6 -

Debtors

2015

2014

Trade debtors

1,087,906

1,175,282

Share capital

2015

2014

Allotted, called up and fully paid

Statement of movements on reserves

Reserves

Reserves B/f

Profit
and loss
account

Prior year adjustment

(197,219)

Balance at 1 January 2015 as restated

(197,219)

Loss for the year

(217,215)

Movement during the year

(97,555)

Balance at 31 December 2015

(197,219)

(97,555)

(217,215)

Reserves

Reserves for own shares

Reserve for own shares movement

(97,555)

Balance at 31 December 2015

(97,555)

Prior period adjustment of £197,219 relates to cost of sales being understated in the year end Dec 2014 financial reports..

Reconciliation of movements in Shareholders' funds

2015

2014

Loss for the financial year

(217,215)

(24,998)

Prior period adjustment

(197,219)

Reserves

(97,555)

(78,509)

Net depletion in shareholders' funds

(511,989)

(103,507)

Opening Shareholders' funds

(97,445)

6,062

Closing Shareholders' funds

(511,988)

(97,445)

DUDO (UK) LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 7 -

Control

The company is under ultimate control of Mr. Dikran Acemyan.