DB Performance (Mutts) Ltd - Accounts to registrar (filleted) - small 17.3

Unaudited Financial Statements

for the Period 1 November 2015 to 30 April 2017

for

DB Performance (Mutts) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T F Rainback

N Stonebridge

SECRETARY:

Mrs C Rainback

REGISTERED OFFICE:

High House

79 Rose Bushes

Epsom

Surrey

KT17 3NT

REGISTERED NUMBER:

05972929 (England and Wales)

ACCOUNTANTS:

Williams & Co

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

3

252

-

CURRENT ASSETS

Stocks

4

4,585

14,952

Debtors

5

6,700

-

Cash at bank

-

1,927

11,285

16,879

CREDITORS

Amounts falling due within one year

6

13,366

12,093

NET CURRENT (LIABILITIES)/ASSETS

(2,081

)

4,786

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,829

)

4,786

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Share premium

1,650

1,650

Retained earnings

(4,479

)

2,136

SHAREHOLDERS' FUNDS

(1,829

)

4,786

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

The members have not required the company to obtain an audit of its financial statements for the period 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 30 January 2018 and were signed on its behalf by:

T F Rainback - Director

1.	STATUTORY INFORMATION

DB Performance (Mutts) Ltd 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.

The Directors have prepared detailed forecasts and cashflow projections which they believe are based

upon reasonable assumptions. These forecasts show that the Company should be able to operate

within its current facilities for the foreseeable future and thus the Directors consider it appropriate to

prepare the financial statements on a going concern basis.

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.

Plant and machinery etc

-

33% on cost

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

378

At 30 April 2017

378

DEPRECIATION

Charge for period

126

At 30 April 2017

126

NET BOOK VALUE

At 30 April 2017

252

4.

STOCKS

2017

2015

£

£

Stocks

4,585

14,952

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2015

£

£

Directors' current accounts

6,700

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2015

£

£

Bank loans and overdrafts

4,126

-

Trade creditors

4,067

5,947

VAT

11

234

Other creditors

1,938

1,938

Directors' current accounts

-

750

Accrued expenses

3,224

3,224

13,366

12,093

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2015

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.	ULTIMATE CONTROLLING PARTY

The company is under the control of T.F. Rainback.