Dorema UK Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03440205 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2017

FOR

DOREMA UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J B Oonk

Sunshine Group BV

REGISTERED OFFICE:

Pioneer Way

Castleford

West Yorkshire

WF10 5QU

REGISTERED NUMBER:

03440205 (England and Wales)

AUDITORS:

Hansons

St Oswald House

St Oswald Street

Castleford

West Yorkshire

WF10 1DH

BANKERS:

HSBC

68 Carlton Street

Castleford

West Yorkshire

WF10 1EA

FIXED ASSETS

Tangible assets

4

23,682

32,706

CURRENT ASSETS

Stocks

1,235,842

1,235,975

Debtors

5

91,979

76,850

Cash at bank

3,899

58,161

1,331,720

1,370,986

CREDITORS

Amounts falling due within one year

6

1,262,211

1,298,716

NET CURRENT ASSETS

69,509

72,270

TOTAL ASSETS LESS CURRENT LIABILITIES

93,191

104,976

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

93,190

104,975

SHAREHOLDERS' FUNDS

93,191

104,976

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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31st December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 12th April 2018 and were signed on its behalf by:

Mr J B Oonk - Director

1.	STATUTORY INFORMATION

Dorema UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery etc

-

25% on reducing balance and 10% 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.

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.

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.

Operating leases

Rentals paid under operating leases are charged to the profit & loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2017

150,330

Additions

878

At 31st December 2017

151,208

DEPRECIATION

At 1st January 2017

117,624

Charge for year

9,902

At 31st December 2017

127,526

NET BOOK VALUE

At 31st December 2017

23,682

At 31st December 2016

32,706

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

59,845

48,177

Other debtors

32,134

28,673

91,979

76,850

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

1,191,530

1,200,705

Taxation and social security

63,733

91,861

Other creditors

6,948

6,150

1,262,211

1,298,716

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Upex BA FCA (Senior Statutory Auditor)

for and on behalf of Hansons

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Sunshine Group BV.

Registered office:

Havenstraat 43

7005AG

Doetinchen

Netherlands