Dyne Carpet Tile Company Limited - Period Ending 2016-12-31

Registration number: 02460903

Dyne Carpet Tile Company Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

Beever and Struthers
Chartered Accountants
St Georges House
215 - 219 Chester Road
Manchester
M15 4JE

Dyne Carpet Tile Company Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Dyne Carpet Tile Company Limited
(Registration number: 02460903)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					31,354			17,358
Current assets
Debtors					37,518			25,095
Cash at bank and in hand					97,707			102,583
					135,225			127,678
Creditors: Amounts falling due within one year					(45,425)			(42,005)
Net current assets					89,800			85,673
Total assets less current liabilities					121,154			103,031
Provisions for liabilities					(3,220)			(2,514)
Net assets					117,934			100,517
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					117,834			100,417
Shareholders' funds					117,934			100,517

For the year ending 30 June 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 .

Approved by the Board on 12 September 2016 and signed on its behalf by:

......................................... Mr D Scowcroft Director

......................................... Mrs S N Scowcroft Director

The notes on pages 2 to 3 form an integral part of these financial statements.
  Page 1

Dyne Carpet Tile Company Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Motor vehicles	20% Straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Page 2

Dyne Carpet Tile Company Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		24,818			24,818
Additions		18,600			18,600
At 30 June 2016		43,418			43,418
Depreciation
At 1 July 2015		7,460			7,460
Charge for the year		4,604			4,604
At 30 June 2016		12,064			12,064
Net book value
At 30 June 2016		31,354			31,354
At 30 June 2015		17,358			17,358

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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