Delizique Ltd. - Limited company - abbreviated

REGISTERED NUMBER: SC213612 (Scotland)

Abbreviated Accounts For The Year Ended 30 April 2014

for

Delizique Ltd.

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Ms M Taylor

Ms J McGregor

R McDonald

SECRETARY:

Ms M Taylor

REGISTERED OFFICE:

c/o Robb Ferguson

5 Oswald Street

Glasgow

G1 4QR

REGISTERED NUMBER:

SC213612 (Scotland)

ACCOUNTANTS:

Robb Ferguson

Chartered Accountants

5 Oswald Street

Glasgow

G1 4QR

FIXED ASSETS

Tangible assets

2

715,685

735,379

CURRENT ASSETS

Stocks

10,000

Debtors

9

616

Cash at bank and in hand

40,224

8,431

50,233

19,047

CREDITORS

Amounts falling due within one year

3

203,923

240,396

NET CURRENT LIABILITIES

(153,690

)

(221,349

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

561,995

514,030

CREDITORS

Amounts falling due after more than one
year

3

(364,366

)

(399,353

)

PROVISIONS FOR LIABILITIES

(14,030

)

(17,100

)

NET ASSETS

183,599

97,577

CAPITAL AND RESERVES

Called up share capital

4

1,002

Profit and loss account

182,597

96,575

SHAREHOLDERS' FUNDS

183,599

97,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 23 October 2014 and were signed on its behalf by:

Ms M Taylor - Director

R McDonald - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixed plant and equipment

-

25% on reducing balance

Fixtures and fittings

-

15% 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2013

930,620

Additions

8,798

At 30 April 2014

939,418

DEPRECIATION

At 1 May 2013

195,241

Charge for year

28,492

At 30 April 2014

223,733

NET BOOK VALUE

At 30 April 2014

715,685

At 30 April 2013

735,379

3.

CREDITORS

Creditors include an amount of £ 395,421 (2013 - £ 427,589 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

1,000

Ordinary

£1

1,000

2

Ordinary B

£1

2

1,002

Delizique Ltd. - Limited company - abbreviated - 11.0.0

Delizique Ltd. - Limited company - abbreviated - 11.0.0