Dispit Limited - Accounts to registrar - small 17.2
Dispit Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Dispit Limited |
| Unaudited Financial Statements for the Year Ended 31st December 2016 |
| Dispit Limited (Registered number: 00828907) |
| Contents of the Financial Statements |
| for the year ended 31st December 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Dispit Limited |
| Company Information |
| for the year ended 31st December 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Regent's Court |
| Princess Street |
| Hull |
| East Yorkshire |
| HU2 8BA |
| Dispit Limited (Registered number: 00828907) |
| Balance Sheet |
| 31st December 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Share premium |
| Revaluation reserve | 8 |
| Capital redemption reserve |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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. |
| Dispit Limited (Registered number: 00828907) |
| Balance Sheet - continued |
| 31st December 2016 |
| 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 on its behalf by: |
| Dispit Limited (Registered number: 00828907) |
| Notes to the Financial Statements |
| for the year ended 31st December 2016 |
| 1. | STATUTORY INFORMATION |
| Dispit Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have been prepared on a going concern basis as the parent company have shown their |
| willingness to continue to support the company. |
| The significant accounting policies applied in the preparation of these financial statements are set out |
| below. These policies have been consistently applied to all years presented unless otherwise stated. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade |
| discounts. The policies adopted for the recognition of turnover are as follows: |
| When the outcome of a transaction can be estimated reliably, turnover from the provision of waste |
| management services is recognised when the service has been provided. |
| Tangible fixed assets |
| Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. |
| Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual |
| value of each asset over its expected useful life, as follows. |
| Freehold land | Not depreciated |
| Plant and machinery | 25% on written down value |
| Fixtures, fittings and equipment | 25% on written down value |
| Motor vehicles | 25% on written down value |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in |
| equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
| expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
| that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Dispit Limited (Registered number: 00828907) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2016 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
| period of the lease. |
| 3. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1st January 2016 |
| Additions |
| At 31st December 2016 |
| DEPRECIATION |
| At 1st January 2016 |
| Charge for year |
| At 31st December 2016 |
| NET BOOK VALUE |
| At 31st December 2016 |
| At 31st December 2015 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts |
| Dispit Limited (Registered number: 00828907) |
| Notes to the Financial Statements - continued |
| for the year ended 31st December 2016 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary shares | 1 | 52 | 52 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1st January 2016 |
| and 31st December 2016 |
| 9. | RELATED PARTY DISCLOSURES |
| The company owed D R J Ingram £nil (2015: £4,000) in respect of a loan account at the balance sheet |
| date. |
| 10. | ULTIMATE CONTROLLING PARTY |
| The ultimate parent company is Biowise Limited, a company registered in the United kingdom. The |
| registered office is Albion House, Albion Lane, Willerby, East Yorkshire, HU10 6TS. |
| 11. | FIRST YEAR ADOPTION |
| The company has adopted FRS 102 1A for the first time during the year ending 31 December 2016 |
| and consequently its transition date is 1 January 2014. The adoption of FRS 102 1A did not |
| necessitate any changes in accounting policies or in figures reported in previous years. |