Dudley Dry Cleaners Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 05031388 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Dudley Dry Cleaners Limited

Page

Company Information

1

Report of the Director

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

S Wadhwa

REGISTERED OFFICE:

The Long Lodge

265-269 Kingston Road

Wimbledon

London

SW19 3NW

REGISTERED NUMBER:

05031388 (England and Wales)

ACCOUNTANTS:

Tax-Link Chartered Tax Advisors and Accountants

The Long Lodge

265-269 Kingston Road

Wimbledon

London

SW19 3NW

The director presents his report with the financial statements of the company for the year ended 31 March 2017.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of operating a dry cleaning shop.

DIRECTOR

S Wadhwa held office during the whole of the period from 1 April 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

S Wadhwa - Director

25 December 2017

FIXED ASSETS

Intangible assets

3

-

-

Tangible assets

4

1,473

1,841

1,473

1,841

CURRENT ASSETS

Cash at bank

7,111

6,592

CREDITORS

Amounts falling due within one year

(6,617

)

(6,493

)

NET CURRENT ASSETS

494

99

TOTAL ASSETS LESS CURRENT LIABILITIES

1,967

1,940

CAPITAL AND RESERVES

Called up share capital

5

2

2

Retained earnings

1,965

1,938

SHAREHOLDERS' FUNDS

1,967

1,940

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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 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 25 December 2017 and were signed by:

S Wadhwa - Director

1.	STATUTORY INFORMATION

Dudley Dry Cleaners 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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 at the following annual rates in order to write off each asset over its estimated useful life.

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 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.

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.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

34,918

AMORTISATION

At 1 April 2016

and 31 March 2017

34,918

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

17,500

DEPRECIATION

At 1 April 2016

15,659

Charge for year

368

At 31 March 2017

16,027

NET BOOK VALUE

At 31 March 2017

1,473

At 31 March 2016

1,841

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

2

Ordinary

£1

2

2