Decade Distribution Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03297422 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2017

for

Decade Distribution Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

C McNulty

SECRETARY:

P McNulty

REGISTERED OFFICE:

3 Keable Road

Wrecclesham

Farnham

Surrey

GU10 4PW

REGISTERED NUMBER:

03297422 (England and Wales)

ACCOUNTANTS:

Richard Morgan and Company

Chartered Accountants

59 Victoria Road

Surbiton

Surrey

KT6 4NQ

FIXED ASSETS

Tangible assets

4

354

530

CURRENT ASSETS

Stocks

1,440

-

Debtors

5

12,250

11,452

Cash at bank

831,336

843,820

845,026

855,272

CREDITORS

Amounts falling due within one year

6

102,639

87,969

NET CURRENT ASSETS

742,387

767,303

TOTAL ASSETS LESS CURRENT LIABILITIES

742,741

767,833

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

7

742,737

767,829

SHAREHOLDERS' FUNDS

742,741

767,833

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

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

The director acknowledges his 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 10 July 2018 and were signed by:

C McNulty - Director

1.	STATUTORY INFORMATION

Decade Distribution Limited 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.

Furniture & Equipment

-

25% on 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Furniture

& Equipment

£

COST

At 1 November 2016

and 31 October 2017

1,357

DEPRECIATION

At 1 November 2016

827

Charge for year

176

At 31 October 2017

1,003

NET BOOK VALUE

At 31 October 2017

354

At 31 October 2016

530

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Trade debtors

7,205

5,359

Other debtors

329

266

Prepayments and accrued income

4,716

5,827

12,250

11,452

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.17

31.10.16

£

£

Corporation tax

5,412

3,124

Social security and other taxes

97

-

Other creditors

92,657

75,743

Director's current account

1,113

4,976

Accruals and deferred income

3,360

4,126

102,639

87,969

7.

RESERVES

Retained

earnings

£

At 1 November 2016

767,829

Profit for the year

20,908

Dividends

(46,000

)

At 31 October 2017

742,737

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £18,000 (2016 - £5,000) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C McNulty.