DTE Bearings Ltd - Accounts to registrar (filleted) - small 17.3

DTE Bearings Ltd - Accounts to registrar (filleted) - small 17.3

DTE BEARINGS LTD - Company Information

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REGISTERED NUMBER: 07956831 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2017

for

DTE Bearings Ltd
DTE Bearings Ltd (Registered number: 07956831)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


DTE Bearings Ltd (Registered number: 07956831)

Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 15,000 18,000
Tangible assets 5 9,065 10,300
24,065 28,300

CURRENT ASSETS
Stocks 57,960 55,125
Debtors 6 105,543 109,239
Cash at bank 7,443 7,023
170,946 171,387
CREDITORS
Amounts falling due within one year 7 145,841 164,117
NET CURRENT ASSETS 25,105 7,270
TOTAL ASSETS LESS CURRENT
LIABILITIES
49,170
35,570

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 49,160 35,560
SHAREHOLDERS' FUNDS 49,170 35,570

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

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 director on 28 December 2017 and were signed by:




D Maude - Director


The notes form part of these financial statements

Page 1
DTE Bearings Ltd (Registered number: 07956831)

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

1. STATUTORY INFORMATION

DTE Bearings Ltd is a private company, limited by shares, registered in England. Its registered office address is
5 Harthill Paddock, Gildersome, Leeds, LS27 7UZ and its registered number is 07956831.

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 represents the value of goods sold to customers, net of VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided on tangible fixed assets to write them off over their expected useful lives at an annual
rate of 25% 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.

Corporation tax
Corporation tax is recognised in the Income Statement. The amount of tax payable is calculated 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 material timing differences that have originated but not reversed at the
balance sheet date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 3 ) .

Page 2 continued...
DTE Bearings Ltd (Registered number: 07956831)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 30,000
AMORTISATION
At 1 April 2016 12,000
Charge for year 3,000
At 31 March 2017 15,000
NET BOOK VALUE
At 31 March 2017 15,000
At 31 March 2016 18,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2016 23,921
Additions 1,793
At 31 March 2017 25,714
DEPRECIATION
At 1 April 2016 13,621
Charge for year 3,028
At 31 March 2017 16,649
NET BOOK VALUE
At 31 March 2017 9,065
At 31 March 2016 10,300

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade debtors 105,543 109,239

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.17 31.3.16
£    £   
Trade creditors 24,155 82,995
Taxation and social security 117,214 74,477
Other creditors 4,472 6,645
145,841 164,117

Page 3