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For the year ended 31 December 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03729862
2
DesiCon Ltd
Chartered Accountant's Report
For the year ended 31 December 2015
Chartered Accountant's Report to the Board of Directors
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of DesiCon Ltd for the year |
| ended 31 December 2015 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting |
| records and from information and explanations you have given us. |
| As a practising member 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 DesiCon Ltd, as a body, in accordance with the terms of our engagement letter dated 5 March |
| 2010. Our work has been undertaken solely to prepare for your approval the accounts of DesiCon Ltd and state those matters that we have agreed to |
| state to the Board of Directors of DesiCon Ltd, 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 DesiCon Ltd and its Board of Directors as a body for |
| our work or for this report. |
| It is your duty to ensure that DesiCon Ltd has kept adequate accounting records to prepare statutory accounts that give a true and fair view of the |
| assets, liabilities, financial position and profit of DesiCon Ltd. You consider that DesiCon Ltd 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 DesiCon Ltd. 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. |
Geoffrey F Stephens FCA
Chartered Accountant
2 Haydock Close
Cheadle
Staffs
ST10 1UE
30 March 2016
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| Abbreviated Balance Sheet |
DesiCon Ltd
2015
2014
2
40,432
19,246
40,432
19,246
2,000
2,000
75,175
13,102
124,597
65,139
139,699
142,314
| Creditors: amounts falling due within one year |
(115,659)
(134,355)
26,655
5,344
Net current assets
| Total assets less current liabilities |
45,776
45,901
(1,400)
(1,400)
| Provisions for liabilities |
44,376
Net assets
44,501
100
3
100
44,276
44,401
44,376
44,501
Shareholders funds
| For the 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. |
| Directors 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 directors acknowledge their 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 March 2016 |
| Mr Peter Bentley Director |
| Signed on behalf of the board of directors |
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4
| Notes to the Abbreviated Financial Statements |
DesiCon Ltd
For the year ended 31 December 2015
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the |
| balance sheet date. |
| 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
| Stocks and work in progress |
| Stocks and work in progress 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. |
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| Notes to the Abbreviated Financial Statements |
DesiCon Ltd
For the year ended 31 December 2015
64,417
34,968
(21,425)
77,960
45,171
(12,873)
5,230
Charge for year
37,528
40,432
19,246
| 100 Ordinary shars shares of £1.00 each |
| Allotted called up and fully paid |
2015
2014
| 100 Ordinary shars shares of £1.00 each |
100
100
100
100
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