Accounts filed on 31-03-2016

Accounts filed on 31-03-2016

DOLPHIN SWIMWARE LIMITED - Company Information

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DOLPHIN SWIMWARE LIMITED

Company Registration Number:
08893431 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

DOLPHIN SWIMWARE LIMITED

Abbreviated Balance sheet

As at 31 March 2016


Notes
2016
£		 14 months to
31 Mar 2015
£
Fixed assets
Tangible assets: 2 7,257 9,046
Total fixed assets: 7,257 9,046
Current assets
Stocks: 59,732 44,881
Debtors: 2,796 2,959
Cash at bank and in hand: 30 280
Total current assets: 62,558 48,120
Creditors: amounts falling due within one year: ( 77,609 ) ( 61,901 )
Net current assets (liabilities): ( 15,051 ) ( 13,781 )
Total assets less current liabilities: ( 7,794 ) ( 4,735 )
Total net assets (liabilities): ( 7,794 ) ( 4,735 )

The notes form part of these financial statements

DOLPHIN SWIMWARE LIMITED

Balance sheet continued

As at 31 March 2016


Notes
2016
£		 14 months to
31 Mar 2015
£
Capital and reserves
Called up share capital: 3 2 2
Profit and loss account: ( 7,796 ) ( 4,737 )
Shareholders funds: ( 7,794 ) ( 4,735 )

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities 2015.

The financial statements were approved by the Board of Directors on 18 January 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mrs S Ericksen
Status: Director

Name: Mrs M Jackson
Status: Director

The notes form part of these financial statements

DOLPHIN SWIMWARE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2015).

    Turnover policy

    The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

    In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

    Leasehold Property - over 5 years
    Fixtures & Fittings - 10% straight line
    Equipment - 25% straight line

    Other accounting policies

    Stocks

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

    Operating lease agreements

    Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

DOLPHIN SWIMWARE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 2. Tangible assets

    Total
    Cost £
    01 April 2015: 11,051
    Additions: 237
    Disposals: 0
    Revaluations: 0
    Transfers: 0
    31 March 2016: 11,288
    Depreciation
    01 April 2015: 2,005
    Charge for year: 2,026
    On disposals: 0
    Other adjustments: 0
    31 March 2016: 4,031
    Net book value
    31 March 2016: 7,257
    31 March 2015: 9,046

DOLPHIN SWIMWARE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 14 months to
    31 Mar 2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 2 1.00 2
    Preference shares: 0
    Total share capital (£): 2

DOLPHIN SWIMWARE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 4. Related party disclosures

    Name of the ultimate controlling party during the period: Mrs S A Ericksen and Mrs M Jackson
    Name of related party: Sutton Dolphins Ltd
    Relationship: Same Shareholders and Directors
    Description of the transaction Loan to the Company
    Balance at 01 April 2015 44,838
    Balance at 31 March 2016 62,996

DOLPHIN SWIMWARE LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 31 March 2016

  • 5. Transactions with directors

    Name of director receiving advance or credit Mrs S Ericksen
    Description of the transaction Loan to the Company
    Balance at 01 April 2015 19
    Advances or credits made 452
    Balance at 31 March 2016 471
    Name of director receiving advance or credit Mrs M Jackson
    Description of the transaction Loan to the Company
    Balance at 01 April 2015 19
    Advances or credits made 452
    Balance at 31 March 2016 471