Dex International Limited - Accounts to registrar

REGISTERED NUMBER: 06715430 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

DEX INTERNATIONAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Abbas

M R Haroon

REGISTERED OFFICE:

164-166 High Road

Ilford

Essex

IG1 1LL

REGISTERED NUMBER:

06715430 (England and Wales)

ACCOUNTANT:

J R Accounts

Chartered Certified Accountants

164-166 High Road

Ilford

Essex

IG1 1LL

FIXED ASSETS

Tangible assets

2

8,962

11,775

CURRENT ASSETS

Debtors

3

258,358

391,432

Cash at bank

1,339,009

916,828

1,597,367

1,308,260

CREDITORS

Amounts falling due within one year

4

808,459

271,819

NET CURRENT ASSETS

788,908

1,036,441

TOTAL ASSETS LESS CURRENT
LIABILITIES

797,870

1,048,216

CAPITAL AND RESERVES

Called up share capital

5

500,000

Retained earnings

6

297,870

548,216

SHAREHOLDERS' FUNDS

797,870

1,048,216

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 July 2017 and were signed on its behalf by:

S Z Dar - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

1.2 Turnover

Turnover comprises revenue recognised by the company in respect of goods and services supplied during the

year, exclusive of Value Added Tax and trade discounts.

1.3 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write of

the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following:

Fixture, fittings & equipment - 25% reducing balance

Computers & equipment - 15% reducing balance

1.5 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.

2.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 November 2015

and 31 October 2016

26,144

1,538

27,682

DEPRECIATION

At 1 November 2015

15,676

231

15,907

Charge for year

2,617

196

2,813

At 31 October 2016

18,293

427

18,720

NET BOOK VALUE

At 31 October 2016

7,851

1,111

8,962

At 31 October 2015

10,468

1,307

11,775

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.16

31.10.15

£

Trade debtors

164,341

364,355

Other debtors

94,017

19,109

Directors' current accounts

-

7,968

258,358

391,432

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.16

31.10.15

£

Trade creditors

272,704

191,801

Tax

37,789

Social security and other taxes

2,235

Other creditors

490,931

34,594

Accrued expenses

4,800

5,400

808,459

271,819

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

500,000

Allotted,called up and fully

paid

1

500,000

6.

RESERVES

Retained

earnings

£

At 1 November 2015

548,216

Deficit for the year

(208,436

)

Dividends

(41,910

)

At 31 October 2016

297,870

Dex International Limited - Accounts to registrar - small 17.1

Dex International Limited - Accounts to registrar - small 17.1