DAISY'S NAIL COMPANY LTD - Accounts

DAISY'S NAIL COMPANY LTD - Accounts

DAISY'S NAIL COMPANY LTD - Company Information

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Registered number
08216906
DAISY'S NAIL COMPANY LTD
Report and Unaudited Accounts
for the period
1 February 2017 to 31 March 2017

DAISY'S NAIL COMPANY LTD
Company Information



Directors
Miss D Kalnina




Accountants
Gumbleton Advisory Ltd
Werks Central
15-17 Middle Street
Brighton
East Sussex
BN1 1AL





Registered Office
73 Holland Road
Suite 2
Hove
BN3 1LB
England




Registered Number
08216906



DAISY'S NAIL COMPANY LTD
Director's Report

The Director submits the Report and Financial Statements for the period 1 February 2017 to 31 March 2017.

Directors
The directors shown below have held office during the whole of the accounting period:

Miss D Kalnina

The Report of the Director has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

This report was approved by the board on 13 April 2017.

..........................

Miss D Kalnina

Director


DAISY'S NAIL COMPANY LTD
Accountant's Report

Report to the directors on the preparation of the unaudited statutory accounts of DAISY'S NAIL COMPANY LTD for the period ended 31 March 2017.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of DAISY'S NAIL COMPANY LTD for the period ended 31 March 2017 from the company's accounting records and from information and explanations you have given me



................................

Gumbleton Advisory Ltd
Accountants

Werks Central,
15-17 Middle Street,
Brighton,
East Sussex,
BN1 1AL

13 April 2017


DAISY'S NAIL COMPANY LTD
Profit and Loss Account
for the period 1 February 2017 to 31 March 2017

Notes 2017
£		 2017
£
Turnover 1 249,092 0
Cost of sales (124,865) (0)
Gross profit 124,227 0
Distribution costs (17,608) (0)
Administrative expenses (28,810) (0)
Operating profit/(loss) 77,809 0
Other operating income 37 0
Interest receivable and similar income 246 0
Interest payable and similar charges (93) 0
Profit/(loss) on ordinary activities before taxation 77,999 0
Tax on ordinary activities 2 (15,172) (0)
Profit/(loss) on ordinary activities after taxation 62,827 0
Retained earnings brought forward (2,138) (2,138)
Retained earnings carried forward 60,689 (2,138)

DAISY'S NAIL COMPANY LTD
Balance Sheet
as at 31 March 2017
Notes
 2017
£		 2017
£
Current assets
Stocks 33,169 0
Cash at bank and in hand 126,576 2,772
159,745 2,772
Prepayments and accrued income: 2,600 1,500
Creditors: amounts falling due within one year 3 101,655 6,409
Net current assets / (liabilities) 60,690 (2,137)
Total assets less current liabilities 60,690 (2,137)
Total net assets (liabilities) 60,690 (2,137)
Capital and reserves
Called up share capital 4 1 1
Profit and loss account 60,689 (2,138)
Shareholders' funds 60,690 (2,137)

DAISY'S NAIL COMPANY LTD
Balance Sheet
as at 31 March 2017



These accounts have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

For the year ending 31 March 2017 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.

Signed on behalf of the board of directors

...............................

Miss D Kalnina

Director


Approved by the board on 13 April 2017

Company No: 08216906 (England and Wales)


DAISY'S NAIL COMPANY LTD
Notes to the Accounts
for the period 1 February 2017 to 31 March 2017

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.
Stocks
Stocks are valued at the lower of cost and net realisable value after taking into account costs of completion and sale. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. The amount of any write-down to net realisable value, and all losses of stock, are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down is recognised as a reduction in the amount of stock expensed in the period in which the reversal occurs.
2. Taxation
2017 2017
£ £
UK Corporation Tax 15,172 0
Tax on profit/(loss) on ordinary activities 15,172 0

3. Creditors: amounts falling due within one year
2017 2017
£ £
Liabilities to related parties 45,861 0
Other creditors 55,794 6,409
101,655 6,409

4. Share capital
2017 2017
£ £
Allotted, called up and fully paid:
1 (2017: 1) Ord shares of £1.00 each 1 1
1 1

5. Dividends
2017 2017
£ £
Total dividend payment 0 0

DAISY'S NAIL COMPANY LTD
Trading and Profit & Loss Account
For the period 1 February 2017 to 31 March 2017
for the information of the Directors only

. . 2017
£		 . 2017
£
Sales
Continuing Operations
Turnover 249,092 -
249,092 0
Cost of Sales
Purchases 61,505 -
Subcontractor costs 96,529 -
Less: Closing finished goods and goods for resale (33,169) -
124,865 0
Selling & Distribution Costs
Freight and carriage 4,432 -
Courier services 13,176 -
17,608 0
Administrative Expenses
Staff Costs
Rail, air, bus, taxi and related expenses 2,765 -
Subsistence expenses 1,826 -
Vehicle running costs 431 -
5,022 0
Premise Costs
Rent of premises 4,600 -
Rates on premises 27 -
Utility charges 297 -
4,924 0
General
Computer software, IT consumables 448 -
Repairs, renewals and maintenance 1,034 -
Data and telecommunications costs 1,301 -
Printing, postage and stationery 3,487 -
Publication and other information subscriptions 1,972 -
Subscriptions to professional and trade bodies 35 -
Sundry expenses 7 -
8,284 0
Legal & Professional
Legal fees 850 -
Advertising and promotional costs 3,420 -
4,270 0
Finance Charges
Bank charges 6,310 -
6,310 0
28,810 0
Other Operating Income
Foreign exchange gain 37 -
37 0
.
Operating Profit 77,809 0