Dylex Limited - Accounts to registrar - small 17.2
Dylex Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2016 |
| for |
| Dylex Limited |
| Dylex Limited (Registered number: 04719781) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2016 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| Dylex Limited |
| Company Information |
| for the Year Ended 31 October 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 12 Fratton Road |
| Portsmouth |
| Hampshire |
| PO1 5BX |
| Dylex Limited (Registered number: 04719781) |
| Statement of Financial Position |
| 31 October 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Inventories | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Dylex Limited (Registered number: 04719781) |
| Statement of Financial Position - continued |
| 31 October 2016 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| Dylex Limited (Registered number: 04719781) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2016 |
| 1. | STATUTORY INFORMATION |
| Dylex Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Preparation of consolidated financial statements |
| The financial statements contain information about Dylex Limited as an individual company and do not contain |
| consolidated financial information as the parent of a group. The company has taken the option under Section |
| 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax. |
| Tangible fixed assets |
| Freehold property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Dylex Limited (Registered number: 04719781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2016 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Freehold | Plant and | Motor | Computer |
| property | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for year |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 5. | FIXED ASSET INVESTMENTS |
| Interest |
| in |
| associate |
| £ |
| COST |
| At 1 November 2015 |
| and 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| Dylex Limited (Registered number: 04719781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2016 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the Statement of Financial Position date in the share capital of companies include |
| the following: |
| Subsidiaries |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2016 |
| £ | £ |
| Aggregate capital and reserves | ( |
) | ( |
) |
| Profit/(loss) for the year | ( |
) |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2016 |
| £ | £ |
| Aggregate capital and reserves | ( |
) | ( |
) |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2016 |
| £ | £ |
| Aggregate capital and reserves | ( |
) | ( |
) |
| Profit for the year |
| Dylex Limited (Registered number: 04719781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2016 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Associated companies |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2016 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2016 |
| £ | £ |
| Aggregate capital and reserves |
| Profit for the year |
| Registered office: |
| Nature of business: |
| % |
| Class of shares: | holding |
| In October 2013 the shares in Comserv (UK) Limited and Multi Trade Supplies Limited were exchanged for |
| shares in Multi Serv (Group) Limited. Dylex Limited now owns 50% of the holding company which is 100% |
| owner of Comserv (UK) Limited and Multi Trade Supplies Limited. |
| 6. | INVENTORIES |
| 2016 | 2015 |
| £ | £ |
| Work-in-progress |
| Dylex Limited (Registered number: 04719781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2016 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Tax |
| VAT |
| Prepayments and accrued income |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Other creditors |
| Rent deposit | 3,750 | - |
| Directors' current accounts | 556 | 1,527 |
| Accruals and deferred income |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Bank loans (see note 10) |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 905,251 | 1,189,379 |
| Dylex Limited (Registered number: 04719781) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2016 |
| 10. | LOANS |
| An analysis of the maturity of loans is given below: |
| 2016 | 2015 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 905,251 | 1,189,379 |
| 11. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2016 | 2015 |
| £ | £ |
| Bank loans |
| Bank loans are secured by legal charge on freehold property and work in progress. |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | 1 | 15 | 15 |
| 13. | RELATED PARTY DISCLOSURES |
| Other income includes £70,363 (2015 £133,289) by way of management charges from Comserv (UK) Limited, an associated company. |
| 14. | ULTIMATE CONTROLLING PARTY |
| The company has no ultimate controlling party. |