DELUXE CORPORATION LIMITED 30/06/2018 iXBRL

DELUXE CORPORATION LIMITED - Company Information

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Company registration number: 03194260

DELUXE CORPORATION LIMITED

Unaudited filleted financial statements

30 June 2018

DELUXE CORPORATION LIMITED

Contents

Directors and other information

Accountant's report

Statement of financial position

Notes to the financial statements

DELUXE CORPORATION LIMITED

Directors and other information


	Directors	Mr D Hawken


	Company number	03194260


	Registered office	The Crest
		Cuttinglye Road
		Crawley Down, Crawley
		West Sussex,
		RH10 4LR


	Business address	The Crest
		Cuttinglye Road
		Crawley Down, Crawley
		West Sussex,
		RH10 4LR


	Accountant	MAN Consulting Ltd
		Vicarage House
		58-60 Kensington Church Street
		London
		W8 4DB

DELUXE CORPORATION LIMITED

Report to the board of directors on the preparation of the

unaudited statutory financial statements of DELUXE CORPORATION LIMITED

Year ended 30 June 2018

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of DELUXE CORPORATION LIMITED for the year ended 30 June 2018 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.

As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.

My work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf.

MAN Consulting Ltd

Chartered Certified Accountants

Vicarage House

58-60 Kensington Church Street

London

W8 4DB

8 September 2018

DELUXE CORPORATION LIMITED

Statement of financial position

30 June 2018

		2018		2017
	Note	£	£	£	£

Fixed assets
Tangible assets	4	35,545		36,862
		_______		_______
			35,545		36,862

Current assets
Stocks		442		442
Debtors	5	20,075		10,660
Cash at bank and in hand		3,544		18,452
		_______		_______
		24,061		29,554
Creditors: amounts falling due
within one year	6	( 77,467)		( 92,781)
		_______		_______
Net current liabilities			( 53,406)		( 63,227)
			_______		_______
Total assets less current liabilities			( 17,861)		( 26,365)

			_______		_______
Net liabilities			( 17,861)		( 26,365)
			_______		_______

Capital and reserves
Called up share capital	7		45		45
Capital redemption reserve			55		55
Profit and loss account			( 17,961)		( 26,465)
			_______		_______
Shareholders deficit			( 17,861)		( 26,365)
			_______		_______

For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 08 September 2018 , and are signed on behalf of the board by:

Mr D Hawken

Director

Company registration number: 03194260

DELUXE CORPORATION LIMITED

Notes to the financial statements

Year ended 30 June 2018

1. General information

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is The Crest, Cuttinglye Road, Crawley Down, Crawley, West Sussex,, RH10 4LR.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is considered to be a going concern because of the financial support of it's director/shareholder.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4. Tangible assets

	Fixtures, fittings and equipment	Total
	£	£
Cost
At 1 July 2017	86,849	86,849
Additions	14,338	14,338
	_______	_______
At 30 June 2018	101,187	101,187
	_______	_______
Depreciation
At 1 July 2017	49,986	49,986
Charge for the year	15,656	15,656
	_______	_______
At 30 June 2018	65,642	65,642
	_______	_______
Carrying amount
At 30 June 2018	35,545	35,545
	_______	_______
At 30 June 2017	36,863	36,863
	_______	_______

5. Debtors

	2018	2017
	£	£
Trade debtors	480	-
Other debtors	19,595	10,660
	_______	_______
	20,075	10,660
	_______	_______

6. Creditors: amounts falling due within one year

	2018	2017
	£	£
Trade creditors	1,671	753
Other creditors	75,796	92,028
	_______	_______
	77,467	92,781
	_______	_______

7. Called up share capital

Issued, called up and fully paid

	2018		2017
	No	£	No	£
Ordinary shares shares of £ 1.00 each	45	45	45	45
	_______	_______	_______	_______

8. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2018
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr D Hawken	( 92,029)	-	16,232	( 75,797)
		_______	_______	_______	_______

2017
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr D Hawken	( 1,108)	( 90,921)	-	( 92,029)
		_______	_______	_______	_______

The loan from the director is repayable on demand.