Daziya Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06429345 (England and Wales)

DAZIYA LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

R Sundavadra

Mrs R Sundavadra

Miss M Sundavadra

SECRETARY:

R Sundavadra

REGISTERED OFFICE:

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

REGISTERED NUMBER:

06429345 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

The Gables

Bishop Meadow Road

Loughborough

Leicestershire

LE11 5RE

FIXED ASSETS

Intangible assets

4

-

3,299

Property, plant and equipment

5

20,788

19,391

20,788

22,690

CURRENT ASSETS

Inventories

59,752

57,801

Debtors

6

4,290

5,141

Cash at bank and in hand

20,281

19,298

84,323

82,240

CREDITORS

Amounts falling due within one year

7

89,562

74,072

NET CURRENT (LIABILITIES)/ASSETS

(5,239

)

8,168

TOTAL ASSETS LESS CURRENT LIABILITIES

15,549

30,858

CREDITORS

Amounts falling due after more than one year

8

(745

)

(3,710

)

PROVISIONS FOR LIABILITIES

(2,688

)

(2,155

)

NET ASSETS

12,116

24,993

CAPITAL AND RESERVES

Called up share capital

10

50

50

Retained earnings

12,066

24,943

SHAREHOLDERS' FUNDS

12,116

24,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 17 August 2018 and were signed on its behalf by:

R Sundavadra - Director

1.	STATUTORY INFORMATION

Daziya Limited is a private company, limited by shares, registered in England and Wales. The address of the

registered office is given in the company information on page one of these financial statements.

The financial statements are presented in sterling which is the functional currency of the company and

rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

The financial statements cover the individual entity.

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 November 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 1 December 2015.

Revenue

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

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.

Property, plant & equipment

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings Leasehold 15% Straight Line Basis

Fixtures, fittings and equipment 15% Reducing Balance Basis

Inventories

Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making

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 statement of financial position date.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2016 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2016

and 30 November 2017

32,999

AMORTISATION

At 1 December 2016

29,700

Charge for year

3,299

At 30 November 2017

32,999

NET BOOK VALUE

At 30 November 2017

-

At 30 November 2016

3,299

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2016

11,287

42,302

53,589

Additions

-

5,197

5,197

At 30 November 2017

11,287

47,499

58,786

DEPRECIATION

At 1 December 2016

4,827

29,371

34,198

Charge for year

1,693

2,107

3,800

At 30 November 2017

6,520

31,478

37,998

NET BOOK VALUE

At 30 November 2017

4,767

16,021

20,788

At 30 November 2016

6,460

12,931

19,391

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Prepayments

4,290

5,141

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

2,863

2,722

Trade creditors

22,698

24,405

Taxation

11,181

18,340

Other taxes and social security

549

512

VAT

4,558

4,977

Other creditors

8,861

7,411

Directors' current accounts

32,204

11,278

Accrued expenses

6,648

4,427

89,562

74,072

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans - 2-5 years

745

3,710

9.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

3,608

6,432

The bank loan is secured by a fixed and floating charge over the assets of the company.

The overdraft is secured personally by the director.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

50

Ordinary

£1

50

50

11.	OTHER FINANCIAL COMMITMENTS

At 30 November 2017 the company was committed to making the following payments:

2017

2016

£

£

Operating leases which expire:

Less than 1 year

3,931

20,353

Between two and five years

1,893

3,962

5,824

24,315