Drypine Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02904119 (England and Wales)

DRYPINE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

B H Luckhurst

Mrs. E. Luckhurst

SECRETARY:

Mrs. E. Luckhurst

REGISTERED OFFICE:

Oaklands

Moor Lane

Appledore

Kent

TN26 2BH

REGISTERED NUMBER:

02904119 (England and Wales)

CURRENT ASSETS

Debtors

4

21,000

239,217

CREDITORS

Amounts falling due within one year

5

-

174,371

NET CURRENT ASSETS

21,000

64,846

TOTAL ASSETS LESS CURRENT LIABILITIES

21,000

64,846

CAPITAL AND RESERVES

Called up share capital

21,000

21,000

Retained earnings

-

43,846

SHAREHOLDERS' FUNDS

21,000

64,846

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 19 January 2018 and were signed on its behalf by:

B H Luckhurst - Director

1.	STATUTORY INFORMATION

Drypine 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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 April 2017 are the first that are prepared in

accordance with FRS 102 Section 1A. The previous financial statements were prepared in

accordance with UK GAAP, the date of transition to FRS 102 Section 1A is 1 May 2015.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures, fittings and equipment

-

15% on reducing balance

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 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.

3.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

and

equipment

£

COST

At 1 May 2016

1,350

Disposals

(1,350

)

At 30 April 2017

-

DEPRECIATION

At 1 May 2016

1,350

Eliminated on disposal

(1,350

)

At 30 April 2017

-

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

-

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

21,000

239,217

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

600

Other creditors

-

173,771

-

174,371

6.	RELATED PARTY DISCLOSURES

Other debtors includes £21,000 (2016 - £219,417) due from a company in which B H Luckhurst

and Mrs E A Luckhurst have an interest.

Other creditors includes £nil (2016 - £173,771) due to the director BH Luckhurst. No interest is

charged on this amount.

7.	FIRST YEAR ADOPTION

Reconciliation of equity

There are no material adjustments to equity on transition to FRS 102.

Reconciliation of profit or loss for the year

There are no material adjustments to profit and loss in the year of transition to FRS 102.