Dimec Ltd - Accounts to registrar - small 17.1

Dimec Ltd - Accounts to registrar - small 17.1

DIMEC LTD - Company Information

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REGISTERED NUMBER: 08357848 (England and Wales)





















Unaudited Financial Statements

for the Year Ended 31 January 2017

for

Dimec Ltd

Dimec Ltd (Registered number: 08357848)






Contents of the Financial Statements
for the Year Ended 31 January 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Dimec Ltd

Company Information
for the Year Ended 31 January 2017







DIRECTORS: C J Turner
A Bailey
C Haas
C S Wong





REGISTERED OFFICE: Med IC 4
Keele University Science Pk
Business Park
Keele
Staffordshire
ST5 5NL





REGISTERED NUMBER: 08357848 (England and Wales)





ACCOUNTANTS: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ
Page 1
Dimec Ltd (Registered number: 08357848)

Balance Sheet
31 January 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,527 1,211

CURRENT ASSETS
Stocks 5 1,200 1,200
Debtors 6 7,270 538
Cash at bank 15,314 100,322
23,784 102,060
CREDITORS
Amounts falling due within one year 7 41,461 26,026
NET CURRENT (LIABILITIES)/ASSETS (17,677 ) 76,034
TOTAL ASSETS LESS CURRENT
LIABILITIES
(14,150
)
77,245

CAPITAL AND RESERVES
Called up share capital 167 167
Share premium 99,938 99,938
Retained earnings (114,255 ) (22,860 )
SHAREHOLDERS' FUNDS (14,150 ) 77,245

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 notes form part of these financial statements

Page 2 continued...
Dimec Ltd (Registered number: 08357848)

Balance Sheet - continued
31 January 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.

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 5 May 2017 and were signed on its behalf by:




A Bailey - Director



C J Turner - Director


The notes form part of these financial statements

Page 3
Dimec Ltd (Registered number: 08357848)

Notes to the Financial Statements
for the Year Ended 31 January 2017

1. STATUTORY INFORMATION

Dimec Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
equipment
£   
COST
At 1 February 2016 1,799
Additions 3,490
At 31 January 2017 5,289
DEPRECIATION
At 1 February 2016 588
Charge for year 1,174
At 31 January 2017 1,762
NET BOOK VALUE
At 31 January 2017 3,527
At 31 January 2016 1,211

Page 4 continued...
Dimec Ltd (Registered number: 08357848)

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

5. STOCKS
2017 2016
£    £   
Stocks 1,200 1,200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
VAT 5,155 -
Accrued income 2,115 538
7,270 538

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 18,663 -
VAT - 3,653
Directors' current accounts 21,598 21,598
Accrued expenses 1,200 775
41,461 26,026

8. RELATED PARTY DISCLOSURES

The director, C J Turner, has made loans to the company which are unsecured, interest free and repayable on demand. The amount outstanding at 31 January 2017 was £10,721 (2016 £10,721) .

The director, A V Bailey, has made loans to the company which are unsecured, interest free and repayable on demand. The amount outstanding at 31 January 2017 was £10,877 (2016 £10,877) .

9. ULTIMATE CONTROLLING PARTY

There is no Ultimate controlling party.

Page 5