DSM N.E. LTD - Abbreviated accounts 16.1
DSM N.E. LTD - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31st March 2016 |
| for |
| DSM N.E. LTD |
| DSM N.E. LTD (REGISTERED NUMBER: 02903233) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31st March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Accountants' Report | 6 |
| DSM N.E. LTD |
| Company Information |
| for the Year Ended 31st March 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| DSM N.E. LTD (REGISTERED NUMBER: 02903233) |
| Abbreviated Balance Sheet |
| 31st March 2016 |
| 31/3/16 | 31/3/15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 3 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 3 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| DSM N.E. LTD (REGISTERED NUMBER: 02903233) |
| Abbreviated Balance Sheet - continued |
| 31st March 2016 |
| The financial statements were approved by the Board of Directors on by: |
| DSM N.E. LTD (REGISTERED NUMBER: 02903233) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31st March 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements have been prepared under the going concern basis of accounting. |
| 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 and services, 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Deferred tax |
| Deferred tax is provided on the liability method to take account of timing differences between the treatment of |
| certain items for accounts purposes and their treatment for tax purposes. Tax deferred is accounted for in respect |
| of all material timing differences. The company has not adopted a policy of discounting deferred tax assets and |
| liabilities. |
| 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 |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held |
| under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases |
| are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| 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. |
| Grants received |
| Capital grants receivable are released to the profit and loss account over the useful economic life of the |
| underlying asset. |
| Revenue grants receivable are released to the profit and loss account when the corresponding expense has been |
| incurred. |
| DSM N.E. LTD (REGISTERED NUMBER: 02903233) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31st March 2016 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1st April 2015 |
| Additions |
| Disposals | ( |
) |
| At 31st March 2016 |
| DEPRECIATION |
| At 1st April 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31st March 2016 |
| NET BOOK VALUE |
| At 31st March 2016 |
| At 31st March 2015 |
| 3. | CREDITORS |
| Creditors include an amount of £ |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31/3/16 | 31/3/15 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | ULTIMATE PARENT COMPANY |
| The ultimate parent company is D & S Holdings (NE) Ltd, being a company incorporated in England and Wales. |
| Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| DSM N.E. LTD |
| 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 DSM N.E. LTD for the year ended 31st March 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 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 DSM N.E. LTD, as a body, in accordance with the terms of our engagement letter dated 29th May 2014. Our work has been undertaken solely to prepare for your approval the financial statements of DSM N.E. LTD and state those matters that we have agreed to state to the Board of Directors of DSM N.E. 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 DSM N.E. 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 profit of DSM N.E. LTD. You consider that DSM N.E. 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 DSM N.E. 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. |
| 23rd November 2016 |