Dagelia Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07843328 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

Dagelia Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Certified Accountants' Report

6

DIRECTORS:

Dr A A Louw

Dr J Stanbridge

SECRETARY:

Dr J Stanbridge

REGISTERED OFFICE:

48 Lethbridge Park

Bishops Lydeard

TAUNTON

Somerset

TA4 3QU

REGISTERED NUMBER:

07843328 (England and Wales)

ACCOUNTANTS:

Kingsley

Chartered Certified Accountants

Kingsley House

19 The Beach

CLEVEDON

N SOMERSET

BS21 7QU

FIXED ASSETS

Tangible assets

2

520,191

461,792

CURRENT ASSETS

Cash at bank and in hand

2,295

2,300

CREDITORS

Amounts falling due within one year

541,499

481,878

NET CURRENT LIABILITIES

(539,204

)

(479,578

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(19,013

)

(17,786

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(19,113

)

(17,886

)

SHAREHOLDERS' FUNDS

(19,013

)

(17,786

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30 August 2016 and were signed on its behalf by:

Dr A A Louw - Director

Dr J Stanbridge - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements are prepared on the going concern basis. The major part of the company's working

capital requirements are provided by loans from the directors and an associated company under common

control. These loans are repayable on demand; however the directors have indicated that this support will

continue for the foreseeable future.

There are no material uncertainties of which the directors are aware having considered the above and made due

enquiries. As such, they continue to adopt the going concern basis in preparing the financial statements which

assumes that the company will continue in operation for the foreseeable future.

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).

Tangible fixed assets

Depreciation is provided in order to write off each asset over its estimated useful life. Depreciation is not

provided on land in view of its unlimited useful life.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

461,792

Additions

45,000

Associated professional costs

13,399

At 30 November 2015

520,191

NET BOOK VALUE

At 30 November 2015

520,191

At 30 November 2014

461,792

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

as restated

£

100

Ordinary

£1

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amended: During the year the directors made purchases of £22,012 (2014 £9,903) on behalf of the company.

These amounts are reflected in the directors' loan accounts.

The directors' loans are included in Other creditors and are interest free and repayable on demand. The

directors intend to withdraw the loans as and when the company has sufficient funds to repay them without

affecting the cash flow of the company.

Neither director's loan account was overdrawn at any time during the year.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Dagelia Ltd for the year ended 30 November 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 firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Dagelia Ltd, as a body, in accordance with the terms of our engagement letter dated 6 August 2013. Our work has been undertaken solely to prepare for your approval the financial statements of Dagelia Ltd and state those matters that we have agreed to state to the Board of Directors of Dagelia Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dagelia Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dagelia Ltd. You consider that Dagelia 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 financial statements of Dagelia 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 financial statements.

Kingsley

Chartered Certified Accountants

Kingsley House

19 The Beach

CLEVEDON

N SOMERSET

BS21 7QU

Date: .............................................