Dyfed Cleaning Services Limited - Limited company - abbreviated - 11.6
Dyfed Cleaning Services Limited - Limited company - abbreviated - 11.6
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 March 2014 |
| for |
| Dyfed Cleaning Services Limited |
| Dyfed Cleaning Services Limited (Registered number: 00594588) |
| Contents of the Abbreviated Accounts |
| for the year ended 31 March 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Dyfed Cleaning Services Limited |
| Company Information |
| for the year ended 31 March 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Dyfed Cleaning Services Limited (Registered number: 00594588) |
| Abbreviated Balance Sheet |
| 31 March 2014 |
| 31.3.14 | 31.3.13 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| Dyfed Cleaning Services Limited (Registered number: 00594588) |
| Abbreviated Balance Sheet - continued |
| 31 March 2014 |
| The financial statements were approved by the Board of Directors on by: |
| Dyfed Cleaning Services Limited (Registered number: 00594588) |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and in accordance with the |
| Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2013 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2014 |
| DEPRECIATION |
| At 1 April 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2014 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| Dyfed Cleaning Services Limited (Registered number: 00594588) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 March 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2013 |
| and 31 March 2014 | 999 |
| NET BOOK VALUE |
| At 31 March 2014 |
| At 31 March 2013 |
| 4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 31.3.14 | 31.3.13 |
| £ | £ |
| Repayable by instalments | 710,031 | 783,777 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.14 | 31.3.13 |
| value: | £ | £ |
| Ordinary | £1 |
| "B" Ordinary | £1 |
| "C" Ordinary | £1 |
| "D" ordinary | £1 |
| 7,223 | 7,223 |
| 7. | CONTROL |
| The company is controlled by I.K. Ritchie. |
| 8. | FIRE - 29TH JANUARY 2013 |
| The business suffered a fire at its factory at Kenfig Industrial Estate on the 29th January 2013. |
| As at 18th December 2014 the insurance claim has been agreed at £350,000 and the paperwork in respect of the |
| settlement is with the directors for signing. To recognise this potential settlement the directors have provided a |
| debtor in the sum of £350,000 which is included as Other Income on the Profit and Loss Account. |
| Dyfed Cleaning Services Limited (Registered number: 00594588) |
| Notes to the Abbreviated Accounts - continued |
| for the year ended 31 March 2014 |
| 9. | INTEREST RATE SWAP COMPENSATION |
| During the year ending 31st March 2014, the company received compensation for the mis-selling of an interest |
| rate swap product in 2008. The accounts to 31st March 2013 reflected a debtor for the core compensation |
| receivable of £194,000. Additional compensation in respect of other costs incurred was subsequently negotiated |
| which amounted to £33,988. |
| 10. | GOING CONCERN |
| The accounts have been prepared on the going concern basis based upon projections prepared by the directors |
| which indicate that the company should trade profitably in the period up to October 2015. However due to the |
| delay in the company receiving the insurance settlement following the 2013 fire the business is suffering |
| significant cash flow issues at the date of signing these accounts and continues to trade at present with the |
| support of its bankers. |