Dresscode Systems Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 04755959

Unaudited Financial Statements for the Year Ended 31 May 2017

for

Dresscode Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Varley

J Varley

P J Clark

SECRETARY:

P J Clark

REGISTERED OFFICE:

Collings Hanger Farm

100 Wycombe Road

Prestwood

Great Missenden

Buckinghamshire

REGISTERED NUMBER:

04755959

ACCOUNTANTS:

PETER CLARK FCA FBIM cyf

MILESTONES

98 WOODSIDE ROAD

AMERSHAM

Buckinghamshire

HP6 6AP

FIXED ASSETS

Intangible assets

4

193,301

Investments

5

18,950

212,251

CURRENT ASSETS

Stocks

147,000

Debtors

6

1,538,612

Cash at bank and in hand

122,275

1,807,887

CREDITORS

Amounts falling due within one year

7

112,194

NET CURRENT ASSETS

1,695,693

TOTAL ASSETS LESS CURRENT LIABILITIES

1,907,944

ACCRUALS AND DEFERRED INCOME

10,250

NET ASSETS

1,897,694

CAPITAL AND RESERVES

Called up share capital

400

Retained earnings

1,897,294

SHAREHOLDERS' FUNDS

1,897,694

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 3 May 2018 and were signed on its behalf by:

P Varley - Director

1.	STATUTORY INFORMATION

Dresscode Systems Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 2 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 June 2016

648,441

Additions

156,414

At 31 May 2017

804,855

AMORTISATION

At 1 June 2016

461,554

Charge for year

150,000

At 31 May 2017

611,554

NET BOOK VALUE

At 31 May 2017

193,301

At 31 May 2016

186,887

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2016

and 31 May 2017

18,950

NET BOOK VALUE

At 31 May 2017

18,950

At 31 May 2016

18,950

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

14,882

Amounts owed by group undertakings

1,523,730

1,538,612

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

66,454

Taxation and social security

21,382

Other creditors

24,358

112,194