Demarie Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09133469 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Demarie Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms A Okocha

REGISTERED OFFICE:

80 Gladys Dimson House

Magpie Close

London

E7 9DF

REGISTERED NUMBER:

09133469 (England and Wales)

ACCOUNTANTS:

Taxplus Accountants Ltd

29A Station Road

Barking

Essex

IG11 8EB

FIXED ASSETS

Tangible assets

4

969

243

CURRENT ASSETS

Debtors

5

2,480

1,980

Cash at bank and in hand

954

747

3,434

2,727

CREDITORS

Amounts falling due within one year

6

2,494

2,522

NET CURRENT ASSETS

940

205

TOTAL ASSETS LESS CURRENT LIABILITIES

1,909

448

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

7

1,908

447

SHAREHOLDERS' FUNDS

1,909

448

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 13 April 2018 and were signed by:

Ms A Okocha - Director

1.	STATUTORY INFORMATION

Demarie 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.

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.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 August 2016

380

Additions

1,049

At 31 July 2017

1,429

DEPRECIATION

At 1 August 2016

137

Charge for year

323

At 31 July 2017

460

NET BOOK VALUE

At 31 July 2017

969

At 31 July 2016

243

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Other debtors

2,480

1,980

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Taxation and social security

1,894

1,922

Other creditors

600

600

2,494

2,522

7.

RESERVES

Retained

earnings

£

At 1 August 2016

447

Profit for the year

8,461

Dividends

(7,000

)

At 31 July 2017

1,908