Dem Dx Limited Small abridged accounts

Dem Dx Limited Small abridged accounts

DEM DX LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements
All of the members of Dem Dx Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 30 April 2018 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 09573122
Dem Dx Limited
Filleted Unaudited Abridged Financial Statements
30 April 2018
Dem Dx Limited
Abridged Financial Statements
Year ended 30 April 2018
Contents
Pages
Report to the board of directors on the preparation of the unaudited statutory abridged financial statements
1
Abridged statement of financial position
2 to 3
Statement of changes in equity
4
Notes to the abridged financial statements
5 to 7
Dem Dx Limited
Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of Dem Dx Limited
Year ended 30 April 2018
As described on the abridged statement of financial position, the directors of the company are responsible for the preparation of the abridged financial statements for the year ended 30 April 2018, which comprise the abridged statement of financial position, statement of changes in equity and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
DHC ACCOUNTING LIMITED
Unit 7 Lillyhall Business Centre Jubilee Road Workington Cumbria CA14 4HA
16 October 2018
Dem Dx Limited
Abridged Statement of Financial Position
30 April 2018
2018
2017
Note
£
£
Fixed assets
Tangible assets
5
6,799
5,647
Current assets
Stocks
326,889
–
Debtors
13,148
4,558
Cash at bank and in hand
399,244
108,255
------------
------------
739,281
112,813
Creditors: amounts falling due within one year
( 30,376)
( 13,174)
------------
------------
Net current assets
708,905
99,639
------------
------------
Total assets less current liabilities
715,704
105,286
------------
------------
Net assets
715,704
105,286
------------
------------
Capital and reserves
Called up share capital
1,318
1,056
Share premium account
924,405
399,600
Other reserves
100,000
–
Profit and loss account
( 310,019)
( 295,370)
------------
------------
Shareholders funds
715,704
105,286
------------
------------
These abridged 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 abridged statement of comprehensive income has not been delivered.
For the year ending 30 April 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 abridged 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 abridged financial statements .
Dem Dx Limited
Abridged Statement of Financial Position (continued)
30 April 2018
These abridged financial statements were approved by the board of directors and authorised for issue on 16 October 2018 , and are signed on behalf of the board by:
Ms A L J Gresser
Director
Company registration number: 09573122
Dem Dx Limited
Statement of Changes in Equity
Year ended 30 April 2018
Called up share capital
Share premium account
Other reserves
Profit and loss account
Total
£
£
£
£
£
At 1 May 2016
936
279,720
–
( 185,137)
95,519
Loss for the year
( 110,233)
( 110,233)
------------
------------
------------
------------
------------
Total comprehensive income for the year
–
–
–
( 110,233)
( 110,233)
Issue of shares
120
119,880
–
–
120,000
------------
------------
------------
------------
------------
Total investments by and distributions to owners
120
119,880
–
–
120,000
At 30 April 2017
1,056
399,600
–
( 295,370)
105,286
Loss for the year
( 14,649)
( 14,649)
------------
------------
------------
------------
------------
Total comprehensive income for the year
–
–
–
( 14,649)
( 14,649)
Issue of shares
262
524,805
–
–
525,067
Issue of options, rights and warrants
–
–
100,000
–
100,000
------------
------------
------------
------------
------------
Total investments by and distributions to owners
262
524,805
100,000
–
625,067
------------
------------
------------
------------
------------
At 30 April 2018
1,318
924,405
100,000
( 310,019)
715,704
------------
------------
------------
------------
------------
Dem Dx Limited
Notes to the Abridged Financial Statements
Year ended 30 April 2018
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7 Crane Grove, London, N7 8LB, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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:
Office equipment
-
20% reducing balance
Impairment of fixed assets
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.
Stocks
Stocks are measured at the lower of cost and net realisable value.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2017: 5 ).
5. Tangible assets
£
Cost
At 1 May 2017
7,983
Additions
2,852
------------
At 30 April 2018
10,835
------------
Depreciation
At 1 May 2017
2,336
Charge for the year
1,700
------------
At 30 April 2018
4,036
------------
Carrying amount
At 30 April 2018
6,799
------------
At 30 April 2017
5,647
------------
6. 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 outstanding
£
£
£
£
Ms A L J Gresser
2,170
( 3,208)
100
( 938)
Mr S A Varley
( 416)
( 208)
–
( 624)
------------
------------
------------
------------
1,754
( 3,416)
100
( 1,562)
------------
------------
------------
------------
2017
Balance brought forward
Advances/ (credits) to the directors
Amounts repaid
Balance outstanding
£
£
£
£
Ms A L J Gresser
( 622)
( 208)
3,000
2,170
Mr S A Varley
( 208)
( 208)
–
( 416)
------------
------------
------------
------------
( 830)
( 416)
3,000
1,754
------------
------------
------------
------------