Company Registration No. 07696100 (England and Wales)
DENNISON PLANT SOLUTIONS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
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 2014
- 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 2014 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 profit 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
26 June 2015
DENNISON PLANT SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 2 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
359,039
400,588
Current assets
Debtors
58,420
38,798
Cash at bank and in hand
80,147
43,879
138,567
82,677
Creditors: amounts falling due within one year
(62,755)
(60,043)
Net current assets
75,812
22,634
Total assets less current liabilities
434,851
423,222
Creditors: amounts falling due after more than one year
(400,949)
(403,746)
Provisions for liabilities
(1,140)
33,902
18,336
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
33,901
18,335
Shareholders' funds
33,902
18,336
DENNISON PLANT SOLUTIONS LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2014
30 September 2014
- 3 -
For the financial year ended 30 September 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges her 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 26 June 2015
Miss S J Dobson
Director
Company Registration No. 07696100
DENNISON PLANT SOLUTIONS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 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 2014
- 5 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2013
468,098
Additions
1,935
At 30 September 2014
470,033
Depreciation
At 1 October 2013
67,510
Charge for the year
43,484
At 30 September 2014
110,994
Net book value
At 30 September 2014
359,039
At 30 September 2013
400,588
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1
One Ordinary share was issued at par on incorporation.