Diacut Limited - Accounts to registrar - small 17.2

Diacut Limited - Accounts to registrar - small 17.2


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REGISTERED NUMBER: 04683119 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2017

for

Diacut Limited

Diacut Limited (Registered number: 04683119)






Contents of the Financial Statements
for the Year Ended 31st March 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Diacut Limited

Company Information
for the Year Ended 31st March 2017







DIRECTOR: H G Hayward



REGISTERED OFFICE: Whetcombe Whey
Ropers Lane
Wrington
Somerset
BS40 5NH



BUSINESS ADDRESS: 192 Marsh Lane
Henstridge
Templecombe
Somerset
BA8 0TG



REGISTERED NUMBER: 04683119 (England and Wales)



ACCOUNTANTS: R G Holder & Co Ltd
Chartered Accountants
Whetcombe Whey
Ropers Lane
Wrington
Somerset
BS40 5NH



BANKERS: Lloyds Bank
24 High Street
Wells
Somerset
BA5 2SJ

Diacut Limited (Registered number: 04683119)

Abridged Balance Sheet
31st March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,458 21,069

CURRENT ASSETS
Stocks 4,500 4,500
Debtors 74,964 70,212
Cash at bank 22,417 47,458
101,881 122,170
CREDITORS
Amounts falling due within one year 12,521 21,677
NET CURRENT ASSETS 89,360 100,493
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,818

121,562

PROVISIONS FOR LIABILITIES 750 1,754
NET ASSETS 96,068 119,808

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 95,968 119,708
SHAREHOLDERS' FUNDS 96,068 119,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Diacut Limited (Registered number: 04683119)

Abridged Balance Sheet - continued
31st March 2017


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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 12th September 2017 and were signed by:





H G Hayward - Director


Diacut Limited (Registered number: 04683119)

Notes to the Financial Statements
for the Year Ended 31st March 2017

1. STATUTORY INFORMATION

Diacut Limited is a private company, limited by shares , registered in England and Wales. The 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
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

The following accounting policies have been consistently applied in dealing with the items which are considered
material to the company's accounts.

Turnover
Turnover consists of the invoiced value (excluding VAT), for goods and services supplied to third parties.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Over 10 years at 10% per annum
Plant and machinery etc - Over 3 years on a straight line basis

It is the company's policy to remove the original cost and the accumulated depreciation from the fixed assets of
all those items that were acquired more than 10 years previously.

Stocks
Stocks are stated at the lower of cost and net realisable value in the ordinary course of business.

Taxation
The charge for taxation is based on the trading profit for the year and takes into account deferred taxation.

Full provision is made for deferred tax liabilities arising from timing differences between the recognition of gains
and losses in the accounts and their recognition for corporate tax purposes. No account is taken for any deferred
tax assets where they arise.

Pension costs
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held
separately from those of the company. The contributions payable are charged against profits in the period they
are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

Diacut Limited (Registered number: 04683119)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2017

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2016 167,034
Additions 2,000
Disposals (5,845 )
Impairments (44,955 )
At 31st March 2017 118,234
DEPRECIATION
At 1st April 2016 145,965
Charge for year 14,150
Eliminated on disposal (4,384 )
Impairments (44,955 )
At 31st March 2017 110,776
NET BOOK VALUE
At 31st March 2017 7,458
At 31st March 2016 21,069

It is the company's policy to remove the original cost and the accumulated depreciation from the fixed assets of
all those items that were acquired more than 10 years previously.

5. ULTIMATE CONTROLLING PARTY

The controlling party of the company is H G Hayward by virtue of his 100% shareholding.