DesiCon Ltd,Ltd - AccountsLtd - Accounts

DesiCon Ltd,Ltd - AccountsLtd - Accounts

DESICON LIMITED - Company Information

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2016-01-01 03729862 2016-12-31 03729862 2016-01-01 2016-12-31 03729862 2015-12-31 03729862 2015-01-01 2015-12-31 03729862 uk-core:WithinOneYear 2015-12-31 03729862 uk-core:WithinOneYear 2016-12-31 03729862 uk-core:ShareCapital 2016-12-31 03729862 uk-core:ShareCapital 2015-12-31 03729862 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 03729862 uk-core:RetainedEarningsAccumulatedLosses 2015-12-31 03729862 uk-bus:Director1 2016-01-01 2016-12-31 03729862 uk-core:PlantMachinery 2016-01-01 2016-12-31 iso4217:GBP 03729862 uk-bus:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 03729862 uk-bus:FRS102 2016-01-01 2016-12-31 03729862 uk-bus:FullAccounts 2016-01-01 2016-12-31 03729862 uk-bus:PrivateLimitedCompanyLtd 2016-01-01 2016-12-31
DesiCon Ltd
Registered Number:03729862
For the year ended 31 December 2016
England and Wales
Unaudited Financial Statements
2
As at 31 December 2016
DesiCon Ltd
Statement of Financial Position
Registered Number :
03729862
£
£
2015
2016
Notes
Fixed assets
Property, plant and equipment
30,471
40,432
2
30,471
40,432
Current assets
Inventories
2,000
2,000
Trade and other receivables
13,102
54,061
3
124,597
Cash and cash equivalents
99,470
155,531
139,699
Trade and other payables: amounts falling due within one year
(134,355)
(119,571)
4
5,344
35,960
Net current assets
Total assets less current liabilities
66,431
45,776
(1,400)
(1,400)
Provisions for liabilities
65,031
Net assets
44,376
Capital and reserves
Called up share capital
100
100
Retained earnings
64,931
44,276
65,031
44,376
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Peter Bentley Director
These financial statements were approved and authorised for issue by the Board on 21 March 2017 and were signed by:
The notes form part of these financial statements
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3
For the year ended 31 December 2016
DesiCon Ltd
Notes to the Financial Statements
Statutory Information
DesiCon Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 03729862.
Registered address:
Sandyridge
Church Lane
Rookery
Stoke on Trent
ST7 4RS
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs 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.
2. Property, plant and equipment
Plant and machinery
£
Cost or valuation
At 01 January 2016
77,960
At 31 December 2016
77,960
Provision for depreciation and impairment
At 01 January 2016
37,528
Charge for year
9,961
At 31 December 2016
47,489
At 31 December 2016
Net book value
30,471
At 31 December 2015
40,432
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4
For the year ended 31 December 2016
DesiCon Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2015
2016
£
£
Trade debtors
54,061
13,102
4. Trade and other payables: amounts falling due within one year
2015
2016
£
£
Trade creditors
19,308
8,167
Taxation and social security
18,763
6,637
Other creditors
81,500
119,551
119,571
134,355
5. Related party transactions
The company is controlled by the directors by reason of their shareholdings
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