Company Registration No. 07696100 (England and Wales)
DENNISON PLANT SOLUTIONS LTD
Directors report and unaudited financial statements
for the year ended 30 September 2019
DENNISON PLANT SOLUTIONS LTD
Directors report and unaudited financial statements
Contents
DENNISON PLANT SOLUTIONS LTD
Company Information
for the year ended 30 September 2019
Director
SHIRLEY DENNISON
Company Number
07696100 (England and Wales)
Registered Office
HIGHER ADDINGTON
NETHER KELLET
CARNFORTH
LA6 1DZ
ENGLAND
Accountants
SARA DOBSON
23 DALLAM AVENUE
MORECAMBE
LANCASHIRE
LA4 5BB
DENNISON PLANT SOLUTIONS LTD
Statement of financial position
as at
30 September 2019
Tangible assets
196,322
231,302
Cash at bank and in hand
81,593
126,750
Creditors: amounts falling due within one year
(357,873)
(370,831)
Net current liabilities
(174,140)
(209,384)
Total assets less current liabilities
22,182
21,918
Provisions for liabilities
Deferred tax
(5,010)
(5,010)
Called up share capital
100
100
Profit and loss account
17,072
16,808
Shareholders' funds
17,172
16,908
For the year ending 30 September 2019 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 June 2020 and were signed on its behalf by
SHIRLEY DENNISON
Director
Company Registration No. 07696100
DENNISON PLANT SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 September 2019
DENNISON PLANT SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 07696100. The registered office is HIGHER ADDINGTON, NETHER KELLET, CARNFORTH, LA6 1DZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less accumulated depreciation and any accumulated impairment losses. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10-20% straight line / 10% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20-33% straight line
Computer equipment
20-33% straight line
DENNISON PLANT SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 September 2019
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax basis used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liabilities settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manor in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss except when they are related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognising other comprehensive income or directly in equity respectively.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
DENNISON PLANT SOLUTIONS LTD
Notes to the Accounts
for the year ended 30 September 2019
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2018
429,799
20,475
1,324
451,598
Additions
1,230
-
-
1,230
Disposals
(19,000)
-
-
(19,000)
At 30 September 2019
412,029
20,475
1,324
433,828
At 1 October 2018
203,336
15,636
1,324
220,296
Charge for the year
25,649
968
-
26,617
On disposals
(9,407)
-
-
(9,407)
At 30 September 2019
219,578
16,604
1,324
237,506
At 30 September 2019
192,451
3,871
-
196,322
At 30 September 2018
226,463
4,839
-
231,302
Trade debtors
28,609
26,840
Accrued income and prepayments
-
7,622
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
22,359
25,319
Taxes and social security
3,116
4,905
Loans from directors
331,973
340,357
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Average number of employees
During the year the average number of employees was 3 (2018: 2).