Dyneema Limited
Dyneema Limited
ABRIDGED Financial Statements
For The Year Ended 30 June 2017
ADS Accountants
117 Dartford Road
Dartford
Kent
DA1 3EN
Dyneema Limited
Financial Statements
For The Year Ended 30 June 2017
Financial Statements
| Contents | |
| Page | |
|---|---|
| Abridged Statement of Financial Position | 1—2 |
| Notes to the Abridged Financial Statement | 3—4 |
Dyneema Limited
Abridged Statement of Financial Position
For The Year Ended 30 June 2017
Abridged Statement of Financial Position
Registered number:
6937296
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2017 | 2016 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 5 |
|
|
||
|
|
|
||||
| CURRENT ASSETS | |||||
| Debtors |
|
|
|||
| Cash at bank and in hand |
|
|
|||
|
|
|
||||
| Creditors: Amounts Falling Due Within One Year |
( |
( |
|||
| NET CURRENT ASSETS (LIABILITIES) |
|
|
|||
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
|
|||
| Creditors: Amounts Falling Due After More Than One Year | (137,858) | (200,717) | |||
| PROVISIONS FOR LIABILITIES | |||||
| Deferred Taxation | 6 |
( |
( |
||
| NET ASSETS |
|
|
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
|
|
||
| Income Statement |
|
|
|||
| SHAREHOLDERS' FUNDS | 586,883 | 501,290 | |||
Page 1
Dyneema Limited
Abridged Statement of Financial Position (continued)
For The Year Ended 30 June 2017
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
-
All of the company's members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year end 30 June 2017 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
|
|
|
|
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Dyneema Limited
Notes to the Unaudited Accounts
For The Year Ended 30 June 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Plant & Machinery |
|
| Motor Vehicles |
|
| Computer Equipment |
|
3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
|---|---|---|---|
| Office and administration |
|
|
|
|
|
|
||
5.
Tangible Assets
| Total | |
|---|---|
| £ | |
| Cost | |
| As at |
|
| Additions |
|
| Disposals |
( |
| As at |
|
| Depreciation | |
| As at |
|
| Provided during the period |
|
| Disposals |
( |
| As at |
|
| Net Book Value | |
| As at |
|
| As at |
|
Page 3
Dyneema Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 30 June 2017
6.
Deferred Taxation
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| As at |
|
|
|
| Deferred taxation |
|
|
|
| Deferred tax |
|
|
|
The provision for deferred taxation is made up of accelerated capital allowances
8.
Transactions With and Loans to Directors
Dividends paid to directors
| 2017 | 2016 | |
|---|---|---|
| £ | £ | |
| Mr Sukhdev Bhana | - | 22,000 |
9.
Dividends
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
|
|
|
| - | 22,000 | ||
10.
Related Party Transactions
Included in other creditors is an amount of £137,858 owed to the director at the balance sheet date.
11.
Ultimate Controlling Party
The company's ultimate controlling party is Sukhdev Bhana by virtue of his ownership of 100% of the issued share capital in the company.
12.
General Information
Dyneema Limited is a private company, limited by shares, incorporated in England & Wales, registered number 6937296 . The registered office is 117 Dartford Road, Dartford, Kent, DA1 3EN.
Page 4