Daedalus Safety Limited - Abbreviated accounts

DAEDALUS SAFETY LIMITED - Company Information

07282210

England and Wales

Daedalus Safety Limited

Abbreviated Accounts

30 April 2016

Daedalus Safety Limited
Abbreviated unaudited accounts
as at 30 April 2016
Contents

Abbreviated unaudited balance sheet
Notes to the abbreviated unaudited accounts

Director
P Huber

Secretary
F I Ropson

Registered office
Coronation House
Queen Street
Lymington

Independent Accountants
New Forest Tax Accountants
Coronation House
Queen Street
Lymington


Registered number
07282210

Incorporated
England and Wales: 14 June 2010

Statement of director's responsibilities for the preparation of the accounts
Company law requires the director to prepare accounts for each financial year which give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that year. In preparing those accounts, the director is required to: • select suitable accounting policies and then apply them consistently • make judgements and estimates that are reasonable and prudent • follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts •prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business The director is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable him to ensure that the accounts comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Daedalus Safety Limited
Abbreviated Balance Sheet
as at 30 April 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		31,709			30,515

Current assets
Debtors		157,535			123,488
Cash at bank and in hand		221,638			137,625
		379,173			261,113

Creditors: amounts falling due within one year		(37,520)			(25,950)

Net current assets			341,653			235,163

Total assets less current liabilities			373,362			265,678

Creditors: amounts falling due after more than one year			(18,739)			(22,115)



Net assets			354,623			243,563

Capital and reserves
Called up share capital	3		100			100
Shareholders' loan			(9,909)			321
Profit and loss account			364,432			243,142

Shareholders' funds			354,623			243,563


The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
P Huber
Director
Approved by the board on 12 December 2016

Daedalus Safety Limited
Notes to the Abbreviated Accounts
for the year ended 30 April 2016

1	Accounting policies

	Basis of preparation
	The accounts 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, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Equipment			25% reducing balance
	Fixtures & fittings			15% reducing balance

	VAT
	The business is registered for VAT. All figures stated in the accounts exclude any applicable VAT.

	Provisions
	Provisions are made on the basis of the director's expectation as to the likely outflow of future economic benefits.

	Equity funding
	Loans to the company which are repayable on notice of at least 1 year and are regarded by the directors as a source of general business finance are treated as equity funding in the accounts. Any interest payable thereon is charged to Profit & Loss Account on an accruing basis

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Pensions
	The company operates a defined contributon pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Tangible fixed assets					£

	Cost
	At 1 May 2015					61,488
	Additions					7,101
	At 30 April 2016					68,589

	Depreciation
	At 1 May 2015					30,973
	Charge for the year					5,907
	At 30 April 2016					36,880

	Net book value
	At 30 April 2016					31,709
	At 30 April 2015					30,515


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100