DTE Bearings Ltd - Abbreviated accounts 16.3

DTE Bearings Ltd - Abbreviated accounts 16.3

DTE BEARINGS LTD - Company Information

Print Friendly Version

07956831 1.4.15 31.3.16 31.3.16 Company accounts Private Limited Company FY true false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure079568312015-03-31079568312016-03-31079568312015-04-012016-03-31079568312014-03-31079568312014-04-012015-03-31079568312015-03-3107956831ns12:England2015-04-012016-03-3107956831ns14:PoundSterling2015-04-012016-03-3107956831ns7:Director12015-04-012016-03-3107956831ns7:OrdinaryShareClass12015-04-012016-03-3107956831ns7:OrdinaryShareClass12016-03-3107956831ns7:OrdinaryShareClass12015-03-31
REGISTERED NUMBER: 07956831 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

DTE Bearings Ltd

DTE Bearings Ltd (Registered number: 07956831)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

DTE Bearings Ltd (Registered number: 07956831)

Abbreviated Balance Sheet
31 March 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 18,000 21,000
Tangible assets 3 10,300 12,380
28,300 33,380

CURRENT ASSETS
Stocks 55,125 63,400
Debtors 109,239 36,480
Cash at bank 7,023 -
171,387 99,880
CREDITORS
Amounts falling due within one year 164,117 111,028
NET CURRENT ASSETS/(LIABILITIES) 7,270 (11,148 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
35,570
22,232

CAPITAL AND RESERVES
Called up share capital 4 10 10
Profit and loss account 35,560 22,222
SHAREHOLDERS' FUNDS 35,570 22,232

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 28 December 2016 and were signed by:





D Maude - Director


The notes form part of these abbreviated accounts

Page 1
DTE Bearings Ltd (Registered number: 07956831)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016

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 the value of goods sold to customers, net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided on tangible fixed assets to write them off over their expected useful lives at an annual
rate of 25% 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.

Deferred tax
Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the
balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 30,000
AMORTISATION
At 1 April 2015 9,000
Amortisation for year 3,000
At 31 March 2016 12,000
NET BOOK VALUE

At 31 March 2016 18,000
At 31 March 2015 21,000

Page 2 continued...
DTE Bearings Ltd (Registered number: 07956831)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 22,564
Additions 1,357
At 31 March 2016 23,921
DEPRECIATION
At 1 April 2015 10,184
Charge for year 3,437
At 31 March 2016 13,621
NET BOOK VALUE
At 31 March 2016 10,300
At 31 March 2015 12,380

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
10 Ordinary £1 10 10

Page 3