Dailu Limited Small abbreviated accounts, do not use if applying SI 2015/980

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COMPANY REGISTRATION NUMBER: 08513378

Dailu Limited

Abbreviated Unaudited Financial Statements

For the year ended

31 August 2016

ROSTANCE EDWARDS LIMITED

Chartered accountant

1 & 2 Heritage Park

Hayes Way

Cannock

Staffordshire

WS11 7LT

Dailu Limited

Abbreviated Financial Statements

Year ended 31 August 2016

Contents	Pages

Abbreviated statement of financial position	1

Notes to the abbreviated financial statements	2 to 3

Dailu Limited

Abbreviated Statement of Financial Position

31 August 2016

	2016		2015
Note	£	£	£

Fixed assets

Investments	3		101	101

Current assets

Debtors	–	6,676
Cash at bank and in hand	7,499	7,499
	-------	--------
	7,499	14,175

Creditors: amounts falling due within one year	7,400		12,776
	-------		--------
Net current assets		99	1,399
		----	-------
Total assets less current liabilities		200	1,500
		----	-------

Capital and reserves

Called up share capital	4	100	100
Profit and loss account		100	1,400
		----	-------
Members funds		200	1,500
		----	-------

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

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These abbreviated financial statements were approved by the board of directors and authorised for issue on 31 May 2017 , and are signed on behalf of the board by:

Mr P G Elwell
Director

Company registration number: 08513378

Dailu Limited

Notes to the Abbreviated Financial Statements

Year ended 31 August 2016

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 & 2 Heritage Park, Hayes Way, Cannock, Staffordshire, WS11 7LT.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) Disclosures in respect of financial instruments have not been presented. (d) Disclosures in respect of share-based payments have not been presented. (e) No disclosure has been given for the aggregate remuneration of key management personnel.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies that have a significant effect on the amounts recognised in the financial statements. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There are no key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. Investments

	£
Cost
At 1 September 2015 and 31 August 2016	101
	----
Impairment
At 1 September 2015 and 31 August 2016	–
	----
Carrying amount
At 31 August 2016	101
	----

4. Called up share capital

Issued, called up and fully paid

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