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Abbreviated Accounts |
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for the Year Ended 31 August 2015 |
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for |
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Diesel Do Nicely Limited |
DRAFT |
REGISTERED NUMBER:
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Abbreviated Accounts |
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for the Year Ended 31 August 2015 |
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for |
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Diesel Do Nicely Limited |
Diesel Do Nicely Limited (Registered number: 05894871) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 August 2015 |
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DRAFT |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Diesel Do Nicely Limited |
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Company Information |
for the Year Ended 31 August 2015 |
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DRAFT |
DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
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Diesel Do Nicely Limited (Registered number: 05894871) |
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Abbreviated Balance Sheet |
31 August 2015 |
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2015 | 2014 |
Notes | £ | £ | £ | £ |
DRAFT |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
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Diesel Do Nicely Limited (Registered number: 05894871) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 August 2015 |
DRAFT |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The financial statements are prepared on the going concern basis which assumes that the company will continue |
to trade. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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Intangible assets |
Patents are capitalised in the year in which the costs arise and will be amortised over an estimated useful life of |
20 years. The directors regard 20 years as a reasonable maximum for the estimated useful life of patents since it |
is difficult to make projections exceeding this period. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Computer equipment | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at |
the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Leasing commitments |
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
Diesel Do Nicely Limited (Registered number: 05894871) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 August 2015 |
DRAFT |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 September 2014 |
and 31 August 2015 |
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AMORTISATION |
At 1 September 2014 |
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Amortisation for year |
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At 31 August 2015 |
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NET BOOK VALUE |
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At 31 August 2015 |
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At 31 August 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 September 2014 |
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Additions |
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At 31 August 2015 |
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DEPRECIATION |
At 1 September 2014 |
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Charge for year |
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At 31 August 2015 |
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NET BOOK VALUE |
At 31 August 2015 |
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At 31 August 2014 |
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4. | CREDITORS |
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Creditors include an amount of £
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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