Design Central (Bath) Limited - Abbreviated accounts 16.3
Design Central (Bath) Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 June 2016 |
| for |
| DESIGN CENTRAL (BATH) LIMITED |
| DESIGN CENTRAL (BATH) LIMITED (REGISTERED NUMBER: 03597376) |
| Contents of the Abbreviated Accounts |
| for the year ended 30 June 2016 |
| Page |
| Company Information | 1 |
| Chartered Accountants' Report | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 4 |
| DESIGN CENTRAL (BATH) LIMITED |
| Company Information |
| for the year ended 30 June 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| Design Central (Bath) Limited |
| 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 three 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 Design Central (Bath) Limited for the year ended 30 June 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of Design Central (Bath) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Design Central (Bath) Limited and state those matters that we have agreed to state to the Board of Directors of Design Central (Bath) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Design Central (Bath) Limited Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that Design Central (Bath) Limited 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 Design Central (Bath) Limited. You consider that Design Central (Bath) Limited 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 Design Central (Bath) Limited. 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. |
| Chartered Accountants |
| 28 March 2017 |
| DESIGN CENTRAL (BATH) LIMITED (REGISTERED NUMBER: 03597376) |
| Abbreviated Balance Sheet |
| 30 June 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| 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. |
| The financial statements were approved by the Board of Directors on behalf by: |
| DESIGN CENTRAL (BATH) LIMITED (REGISTERED NUMBER: 03597376) |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 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 net invoiced sales of goods, excluding value added tax, and is recognised when |
| the service is provided. |
| Tangible fixed assets |
| Leasehold property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis |
| over the period of the lease. |
| 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. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2015 |
| Additions |
| At 30 June 2016 |
| DEPRECIATION |
| At 1 July 2015 |
| Charge for year |
| At 30 June 2016 |
| NET BOOK VALUE |
| At 30 June 2016 |
| At 30 June 2015 |
| DESIGN CENTRAL (BATH) LIMITED (REGISTERED NUMBER: 03597376) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 30 June 2016 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| Ordinary C | £1 |
| 1,620 | 1,000 |
| During the year, 350 Ordinary A shares, 135 Ordinary B shares and 135 Ordinary C shares were |
| issued. |
| A shares have attached to them full voting, dividend and capital distribution (including on a winding up) |
| rights; they do not confer any rights of redemption. |
| B share holders are not entitled to receive notice of meetings or to attend or vote at General Meetings. |
| C shares have attached to them full voting, full equity and full dividend rights. They are non |
| redeemable. |
| 4. | RELATED PARTY |
| During the year the directors made loans to the company which are repayable upon demand. The |
| balances outstanding at year end for the directors are as follows, R Thorpe £9,976 (2015: £16,829) |
| and P W Martin £7,679 (2015: £22,137). |
| During the year, the company made a loan to M Davies, a director of the company, which is payable |
| on demand. The balance outstanding at the end of the year was £1,078 (2015: -£9,707). |