Golden Dragon (Ashbourne) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05367155 (England and Wales)

Financial Statements

for the Year Ended 30 April 2017

for

Golden Dragon (Ashbourne) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C Shek

F T Lo

Mrs C S P Law

Mrs M P Shek

Mrs T K Lo

REGISTERED OFFICE:

41 Market Place

Ashbourne

Derbyshire

DE6 1EU

REGISTERED NUMBER:

05367155 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Intangible assets

4

33,000

44,000

Tangible assets

5

6,189

6,621

39,189

50,621

CURRENT ASSETS

Stocks

5,800

5,700

Debtors

6

646

5,364

Cash at bank and in hand

93,799

62,332

100,245

73,396

CREDITORS

Amounts falling due within one year

7

68,892

58,714

NET CURRENT ASSETS

31,353

14,682

TOTAL ASSETS LESS CURRENT LIABILITIES

70,542

65,303

CAPITAL AND RESERVES

Called up share capital

120

120

Retained earnings

70,422

65,183

SHAREHOLDERS' FUNDS

70,542

65,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 12 January 2018 and were signed on its behalf by:

F T Lo - Director

1.	STATUTORY INFORMATION

Golden Dragon (Ashbourne) 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 represents the amounts (excluding value added tax) derived from the provision of goods and

services to customers during the year.

Goodwill

Goodwill is being amortised over its remaining useful economic life of five years from 1 May 2015.

Tangible fixed assets

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

Equipment

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

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

moving and obsolete items.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2016 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

110,000

AMORTISATION

At 1 May 2016

66,000

Amortisation for year

11,000

At 30 April 2017

77,000

NET BOOK VALUE

At 30 April 2017

33,000

At 30 April 2016

44,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2016

19,347

9,360

3,303

32,010

Additions

1,006

-

-

1,006

Disposals

-

-

(1,993

)

(1,993

)

At 30 April 2017

20,353

9,360

1,310

31,023

DEPRECIATION

At 1 May 2016

15,430

7,253

2,706

25,389

Charge for year

739

316

72

1,127

Eliminated on disposal

-

-

(1,682

)

(1,682

)

At 30 April 2017

16,169

7,569

1,096

24,834

NET BOOK VALUE

At 30 April 2017

4,184

1,791

214

6,189

At 30 April 2016

3,917

2,107

597

6,621

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments

646

5,364

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

23,202

24,782

Social security and other taxes

33,929

21,343

Other creditors

11

-

Directors' loan accounts

4,342

6,453

Accrued expenses

7,408

6,136

68,892

58,714