Delkevic Limited - Abbreviated accounts 16.1

Delkevic Limited - Abbreviated accounts 16.1

DELKEVIC LIMITED - Company Information

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REGISTERED NUMBER: 06420086 (England and Wales)











Abbreviated Unaudited Accounts

for the Year Ended 31 December 2015

for

Delkevic Limited

Delkevic Limited (Registered number: 06420086)






Contents of the Abbreviated Accounts
for the Year Ended 31 December 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Delkevic Limited

Company Information
for the Year Ended 31 December 2015







DIRECTORS: D Neesam
K D Neesam
P Simpson





REGISTERED OFFICE: Swift House
Liverpool Road
Newcastle Under Lyme
Staffordshire
ST5 9JJ





REGISTERED NUMBER: 06420086 (England and Wales)





Page 1
Delkevic Limited (Registered number: 06420086)

Abbreviated Balance Sheet
31 December 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 14,766 20,354

CURRENT ASSETS
Stocks 332,289 216,535
Debtors 743,155 692,276
Cash at bank 85,324 107,880
1,160,768 1,016,691
CREDITORS
Amounts falling due within one year 351,114 511,187
NET CURRENT ASSETS 809,654 505,504
TOTAL ASSETS LESS CURRENT
LIABILITIES
824,420
525,858

CREDITORS
Amounts falling due after more than
one year
500,000
125,000
NET ASSETS 324,420 400,858

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 324,320 400,758
SHAREHOLDERS' FUNDS 324,420 400,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 notes form part of these abbreviated accounts

Page 2 continued...
Delkevic Limited (Registered number: 06420086)

Abbreviated Balance Sheet - continued
31 December 2015


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 26 September 2016 and were signed
on its behalf by:





K D Neesam - Director


The notes form part of these abbreviated accounts

Page 3
Delkevic Limited (Registered number: 06420086)

Notes to the Abbreviated Accounts
for the Year Ended 31 December 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the assumption that the company is able to carry
on business as a going concern, which the directors consider appropriate having regard to the
circumstances outlined in the note Future Trading and the Current Economic Environment.

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).

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised
when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 50% on 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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2015 105,961
Additions 1,420
At 31 December 2015 107,381
DEPRECIATION
At 1 January 2015 85,607
Charge for year 7,008
At 31 December 2015 92,615
NET BOOK VALUE
At 31 December 2015 14,766
At 31 December 2014 20,354

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

Page 4 continued...
Delkevic Limited (Registered number: 06420086)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 December 2015

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2015
and the period ended 31 December 2014:

2015 2014
£    £   
K D Neesam
Balance outstanding at start of year 88,860 -
Amounts advanced 196,244 88,860
Amounts repaid (285,104 ) -
Balance outstanding at end of year - 88,860

The loans has no formal repayment terms. Interest is being charged at the official rate of interest
until fully repaid.

Page 5