Design Built Exhibitions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01198175 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Design Built Exhibitions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTORS:

Mr D L Buzzard

Mr G Jones

Mr N Westwood

SECRETARY:

Mr D L Buzzard

REGISTERED OFFICE:

Unit 46

Enfield Industrial Estate

Redditch

Worcestershire

B97 6DE

REGISTERED NUMBER:

01198175 (England and Wales)

ACCOUNTANTS:

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

FIXED ASSETS

Tangible assets

2

116,849

122,638

CURRENT ASSETS

Stocks

4,950

2,180

Debtors

666,557

455,339

Cash at bank and in hand

354,693

414,223

1,026,200

871,742

CREDITORS

Amounts falling due within one year

669,751

527,560

NET CURRENT ASSETS

356,449

344,182

TOTAL ASSETS LESS CURRENT
LIABILITIES

473,298

466,820

PROVISIONS FOR LIABILITIES

4,579

4,532

NET ASSETS

468,719

462,288

CAPITAL AND RESERVES

Called up share capital

3

14

Capital Redemption reserve

1

Profit and loss account

468,704

462,273

SHAREHOLDERS' FUNDS

468,719

462,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 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 1 November 2016 and were signed on its behalf
by:

Mr D L Buzzard - Director

1.	ACCOUNTING POLICIES

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 represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts

where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Short leasehold

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the

treatment of certain items for taxation and accounting purposes. Deferred tax is recognised in respect of all

timing differences that have originated but not reversed by the balance sheet date. Deferred tax assets are only

recognised where it is considered more likely than not that future profits will be available for offset. Deferred tax

is measured on a non-discounted basis at the average tax rates that would apply in the periods in which the timing

differences are expected to reverse, based on the tax rates and laws that have been enacted by the balance sheet

date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Work in progress

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related

costs as contract activity progresses.

Operating leases

The relevant annual rentals are charged to the profit and loss account on a straight line basis over the lease term,

unless they relate to vacant leasehold properties, in which case provision is made on a discounted basis for the

net obligation under the lease. The unwinding of the discount is disclosed within interest payable and similar

charges

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

382,548

Additions

10,904

Disposals

(3,500

)

At 30 June 2016

389,952

DEPRECIATION

At 1 July 2015

259,910

Charge for year

16,431

Eliminated on disposal

(3,238

)

At 30 June 2016

273,103

NET BOOK VALUE

At 30 June 2016

116,849

At 30 June 2015

122,638

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

14

Ordinary

£1

14

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2016 and

30 June 2015:

30.6.16

30.6.15

£

Mr D L Buzzard

Balance outstanding at start of year

(75

)

(75

)

Amounts advanced

41

-

Amounts repaid

-

Balance outstanding at end of year

(34

)

(75

)

Mr G Jones

Balance outstanding at start of year

(26,870

)

-

Amounts advanced

2,922

2,130

Amounts repaid

-

(29,000

)

Balance outstanding at end of year

(23,948

)

(26,870

)

Mr N Westwood

Balance outstanding at start of year

(29,000

)

-

Amounts advanced

7,320

-

Amounts repaid

-

(29,000

)

Balance outstanding at end of year

(21,680

)

(29,000

)

Amounts in brackets are due to the director. No interest is payable on amounts outstanding, which are repayable

on demand. The above amounts represent the aggregate movements during the year rather than each individual

transaction.

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 six) 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 Design Built Exhibitions Limited for the year ended 30 June 2016 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Design Built Exhibitions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Design Built Exhibitions Limited and state those matters that we have agreed to state to the Board of Directors of Design Built Exhibitions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Design Built Exhibitions Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Design Built Exhibitions Limited 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 profit of Design Built Exhibitions Limited. You consider that Design Built Exhibitions 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 financial statements of Design Built Exhibitions 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 financial statements.

Kenneth Morris Limited

1 Aston Court

Bromsgrove Technology Park

Bromsgrove

Worcestershire

B60 3AL

1 November 2016