Red Dragon Dispense Limited,Ltd - AccountsLtd - Accounts

Red Dragon Dispense Limited,Ltd - AccountsLtd - Accounts

RED DRAGON DISPENSE LTD - Company Information

Print Friendly Version

2016-09-01 02797632 2017-08-31 02797632 2016-09-01 2017-08-31 02797632 2016-08-31 02797632 2015-09-01 2016-08-31 02797632 uk-core:WithinOneYear 2016-08-31 02797632 uk-core:WithinOneYear 2017-08-31 02797632 uk-core:AfterOneYear 2016-08-31 02797632 uk-core:AfterOneYear 2017-08-31 02797632 uk-core:ShareCapital 2017-08-31 02797632 uk-core:ShareCapital 2016-08-31 02797632 uk-core:RetainedEarningsAccumulatedLosses 2017-08-31 02797632 uk-core:RetainedEarningsAccumulatedLosses 2016-08-31 02797632 uk-bus:Director1 2016-09-01 2017-08-31 02797632 uk-core:PlantMachinery 2016-09-01 2017-08-31 02797632 uk-core:CommercialMotorVehicles 2016-09-01 2017-08-31 02797632 uk-core:FurnitureFittings 2016-09-01 2017-08-31 02797632 uk-core:FurnitureFittings 2016-08-31 02797632 uk-core:CommercialMotorVehicles 2016-08-31 02797632 uk-core:PlantMachinery 2016-08-31 02797632 uk-core:PlantMachinery 2017-08-31 02797632 uk-core:CommercialMotorVehicles 2017-08-31 02797632 uk-core:FurnitureFittings 2017-08-31 iso4217:GBP 02797632 uk-bus:AuditExemptWithAccountantsReport 2016-09-01 2017-08-31 02797632 uk-bus:FRS102 2016-09-01 2017-08-31 02797632 uk-bus:FullAccounts 2016-09-01 2017-08-31 02797632 uk-bus:PrivateLimitedCompanyLtd 2016-09-01 2017-08-31
Red Dragon Dispense Limited
Registered Number:02797632
For the year ended 31 August 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 August 2017
Red Dragon Dispense Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 August 2017
Red Dragon Dispense Limited
Statement of Financial Position
Registered Number :
02797632
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
134,377
110,830
2
134,377
110,830
Current assets
Inventories
26,657
29,103
Trade and other receivables
110,601
80,638
3
44,291
Cash and cash equivalents
51,422
161,163
181,549
Trade and other payables: amounts falling due within one year
(87,097)
(70,179)
4
94,452
90,984
Net current assets
Total assets less current liabilities
225,361
205,282
Trade and other payables: amounts falling due after more than
one year
(73,726)
-
5
(23,000)
(17,500)
Provisions for liabilities
202,361
Net assets
114,056
Capital and reserves
Called up share capital
100
100
Retained earnings
202,261
113,956
202,361
114,056
Shareholders' funds
For the year ended 31 August 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
A V Thomas Director
These financial statements were approved and authorised for issue by the Board on 03 April 2018 and were signed by:
1 of 5
4
For the year ended 31 August 2017
Red Dragon Dispense Limited
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 31 August 2017
Red Dragon Dispense Limited
Notes to the Financial Statements
Statutory Information
Red Dragon Dispense Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 02797632.
Registered address:
Unit 1-2 Terrys Cross Farm
Horn Lane
Woodmancote
Henfield, West Sussex
BN5 9SA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
12.50% Straight line
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
3 of 5
6
For the year ended 31 August 2017
Red Dragon Dispense Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or valuation
At 01 September 2016
215,898
7,615
56,343
151,940
63,611
4,229
26,336
33,046
Additions
-
(15,773)
(11,899)
Disposals
(27,672)
At 31 August 2017
173,087
66,906
11,844
251,837
Provision for depreciation and impairment
At 01 September 2016
105,068
5,644
30,139
69,285
Charge for year
35,073
1,550
11,887
21,636
(22,681)
-
(10,782)
(11,899)
On disposal
At 31 August 2017
117,460
7,194
31,244
79,022
At 31 August 2017
Net book value
94,065
35,662
4,650
134,377
At 31 August 2016
82,655
26,204
1,971
110,830
3. Trade and other receivables
2016
2017
£
£
Trade debtors
74,234
93,188
Other debtors
6,404
17,413
110,601
80,638
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
19,148
35,494
Taxation and social security
36,505
38,608
Other creditors
14,526
12,995
70,179
87,097
5. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
-
73,726
4 of 5
7
For the year ended 31 August 2017
Red Dragon Dispense Limited
Notes to the Financial Statements Continued
6. Related party transactions
The company's ultimate parent undertaking was Green Aerospace Group Limited, incorporated in England and Wales.
7. Average number of persons employed
During the year the average number of employees was 6 (2016 : 6)
8. Transition to FRS 102
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102
Section 1A for small entities. The transition to FRS 102 Section 1A for small entities has resulted in no changes in accounting
policies to those used previously.
5 of 5