DKS_(UK)_LIMITED - Accounts

DKS (UK) LIMITED - Company Information

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Company Registration No. 04154969 (England and Wales)

DKS (UK) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

DKS (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

DKS (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

28 FEBRUARY 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

48,160

61,697

Current assets

Stocks

26,380

27,500

Debtors

19,765

9,971

Cash at bank and in hand

15,477

40,779

61,622

78,250

Creditors: amounts falling due within one year

(52,064)

(108,320)

Net current assets/(liabilities)

9,558

(30,070)

Total assets less current liabilities

57,718

31,627

Creditors: amounts falling due after more than one year

(13,076)

Provisions for liabilities

(7,350)

(8,800)

50,368

9,751

Capital and reserves

Called up share capital

Profit and loss account

50,366

9,749

Shareholders' funds

50,368

9,751

DKS (UK) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

28 FEBRUARY 2014

- 2 -

For the financial year ended 28 February 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has 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.

Approved by the Board and authorised for issue on 8 September 2014

Mr A R Baker

Director

Company Registration No. 04154969

DKS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% p.a. reducing balance basis

Fixtures, fittings & equipment

33% p.a. straight line basis

Motor vehicles

25% p.a. reducing balance basis

1.5

Leasing and hire purchase commitments

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Stock

Stock is valued at the lower of cost and net realisable value.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

DKS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 28 FEBRUARY 2014

- 4 -

Fixed assets

Tangible assets

Cost

At 1 March 2013

127,610

Additions

2,200

At 28 February 2014

129,810

Depreciation

At 1 March 2013

65,913

Charge for the year

15,737

At 28 February 2014

81,650

Net book value

At 28 February 2014

48,160

At 28 February 2013

61,697

Share capital

2014

2013

Allotted, called up and fully paid

2 Ordinary of £1 each