Company Registration No. 07696100 (England and Wales)
DENNISON PLANT SOLUTIONS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
DENNISON PLANT SOLUTIONS LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2 - 3
Notes to the abbreviated accounts
4 - 5
DENNISON PLANT SOLUTIONS LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DENNISON PLANT SOLUTIONS LIMITED FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Dennison Plant Solutions Limited for the year ended 30 September 2015 set out on pages 2 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Dennison Plant Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Dennison Plant Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Dennison Plant Solutions Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dennison Plant Solutions Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Dennison Plant Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dennison Plant Solutions Limited. You consider that Dennison Plant Solutions 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 financial statements of Dennison Plant Solutions 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 financial statements.
Moore and Smalley LLP
Chartered Accountants
Priory Close
St Marys Gate
Lancaster
LA1 1XB
29 June 2016
DENNISON PLANT SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2015
30 September 2015
- 2 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
303,682
359,039
Current assets
Debtors
48,514
58,420
Cash at bank and in hand
116,416
80,147
164,930
138,567
Creditors: amounts falling due within one year
(60,948)
(62,755)
Net current assets
103,982
75,812
Total assets less current liabilities
407,664
434,851
Creditors: amounts falling due after more than one year
(387,317)
(400,949)
Provisions for liabilities
(3,228)
-
17,119
33,902
Capital and reserves
Called up share capital
3
100
1
Profit and loss account
17,019
33,901
Shareholders' funds
17,119
33,902
DENNISON PLANT SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2015
30 September 2015
- 3 -
For the financial year ended 30 September 2015 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 29 June 2016
Miss S J Dobson
Director
Company Registration No. 07696100
DENNISON PLANT SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 4 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for the rental of goods net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
10%-20% straight line/10% reducing balance
Fixtures, fittings & equipment
20-33% straight line
Motor vehicles
20% reducing balance
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.6
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
DENNISON PLANT SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2015
- 5 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2014
470,033
Additions
6,523
Disposals
(32,000)
At 30 September 2015
444,556
Depreciation
At 1 October 2014
110,994
On disposals
(7,376)
Charge for the year
37,256
At 30 September 2015
140,874
Net book value
At 30 September 2015
303,682
At 30 September 2014
359,039
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
1
On 1 June 2015 99 Ordinary shares of £1 each were issued at par.