Registered Number
:
07556444
|
For the year ended 28 February 2018
England and Wales
Unaudited Financial Statements
For the year ended 28 February 2018
Dribond Systems Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Dribond Systems Limited
Statement of Financial Position
2017
2018
Property
,
plant and equipment
|
32,409
1,180
2
32,409
1,180
126,155
98,767
3
Trade and other receivables
|
230
29,156
4
35,342
Cash and cash equivalents
|
13,882
141,805
161,727
Trade and other payables
:
amounts falling due within one year
|
(20,115)
(15,370)
5
141,612
126,435
Net current assets
Total assets less current liabilities
|
158,844
142,792
Trade and other payables
:
amounts falling due after more than one year
|
(128,625)
(111,212)
6
47,632
Net assets
14,167
100
100
47,532
14,067
47,632
14,167
Shareholders' funds
For the year ended 28 February 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
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.
|
These financial statements were approved and authorised for issue by the Board on 19 November 2018 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 28 February 2018
Dribond Systems Limited
Notes to the Financial Statements
Statutory Information
Dribond Systems Limited is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration number
07556444
.
|
2 Whiting Street
Sheffield
S8 9QR
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A 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 costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Plant and machinery
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
2
.
Property
,
plant and equipment
|
Motor vehicles
4,200
-
4,200
42,031
2,666
39,365
43,565
2,666
46,231
Provision for depreciation and impairment
|
3,020
-
3,020
Charge for year
10,802
666
10,136
13,822
666
13,156
30,409
2,000
32,409
1,180
-
1,180
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For the year ended 28 February 2018
Dribond Systems Limited
Notes to the Financial Statements Continued
2017
2018
98,767
126,155
4
.
Trade and other receivables
|
2017
2018
28,926
-
230
230
230
29,156
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
Taxation and social security
|
9,619
19,590
5,751
525
15,370
20,115
6
.
Trade and other payables
:
amounts falling due after more than one year
|
2017
2018
111,212
128,625
Included in amounts payable greater than one year are advances from directors totalling £89,580.
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