Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Display Cor Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6 ) have been prepared.
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Display Cor Limited
for the Year Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Display Cor Limited for the year ended 31 March 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are 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 .
This report is made solely to the Board of Directors of Display Cor Limited, as a body, in accordance with the terms of our engagement letterdated 11 May 2004. Our work has been undertaken solely to prepare for your approval the accounts of Display Cor Limited and state those matters that we have agreed to state to them, as a body, in this report 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. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Display Cor Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Display Cor Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Display Cor Limited. You consider that Display Cor Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Display Cor Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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D A Green & Sons
Chartered Certified Accountants
12 The Broadway
St. Ives
Cambridgeshire
PE27 5BN
13 June 2016
Display Cor Limited
(Registration number: 02595870)
Abbreviated Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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2
Display Cor Limited
(Registration number: 02595870)
Abbreviated Balance Sheet at 31 March 2016
......... continued
Approved by the Board on
.........................................
J Gardiner
Director
3
Display Cor Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Leasehold improvements and workshop structure |
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Plant and machinery |
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Motor vehicles |
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Stock
Deferred tax
Hire purchase and leasing
Display Cor Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2015 |
370,871 |
370,871 |
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Additions |
3,645 |
3,645 |
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At 31 March 2016 |
374,516 |
374,516 |
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Depreciation |
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At 1 April 2015 |
269,773 |
269,773 |
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Charge for the year |
23,121 |
23,121 |
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At 31 March 2016 |
292,894 |
292,894 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Display Cor Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Related party transactions |
Directors' advances and credits |
2016 |
2016 |
2015 |
2015 |
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J Gardiner |
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( |
- |
(191) |
- |
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( |
- |
(3,925) |
- |
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- |
191 |
- |
(10,913) |
- |
(3,925) |
- |
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P A Millard |
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- |
1,824 |
- |
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( |
- |
(120) |
- |
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- |
- |
- |
- |
1,671 |
- |
1,704 |
- |
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N J Gardiner |
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- |
- |
1,056 |
- |
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- |
- |
(1,056) |
- |
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- |
- |
- |
- |
- |
- |
- |
- |
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N Gardiner |
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( |
- |
(10,620) |
- |
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( |
- |
(54,012) |
- |
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- |
40,000 |
- |
(10,000) |
- |
(24,632) |
- |
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During the year the directors received dividends totalling £35,235.
The overdrawn loan accounts are to be cleared during May 2016.