|
|
REGISTERED NUMBER:
|
|
|
Dementech Limited |
|
Unaudited Financial Statements |
|
for the Period |
|
9th September 2016 to 30th September 2017 |
|
|
|
|
|
|
|
REGISTERED NUMBER:
|
|
|
Dementech Limited |
|
Unaudited Financial Statements |
|
for the Period |
|
9th September 2016 to 30th September 2017 |
|
|
|
|
|
Dementech Limited (Registered number: 10367905) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Period 9th September 2016 to 30th September 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Chartered Certified Accountants' Report | 2 |
|
Abridged Balance Sheet | 3 |
|
Notes to the Financial Statements | 5 |
|
Dementech Limited |
|
Company Information |
for the Period 9th September 2016 to 30th September 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
SECRETARY: |
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
71 Lambeth Walk |
London |
SE11 6DX |
Chartered Certified Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Dementech Limited |
|
The following reproduces the text of the report prepared for the director in respect of the company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and |
certain other primary statements and the Report of the Director are not required to be filed with the |
Registrar of Companies. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of Dementech Limited for the period ended 30th September 2017 which |
comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the |
company's accounting records and from information and explanations you have given us. |
|
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
|
This report is made solely to the director of Dementech Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dementech Limited and state those matters that we have agreed to state to the director of Dementech Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
|
It is your duty to ensure that Dementech 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 Dementech Limited. You consider that Dementech Limited is exempt from the statutory audit requirement for the period. |
|
We have not been instructed to carry out an audit or a review of the financial statements of Dementech 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. |
|
|
|
|
|
|
|
Chartered Certified Accountants |
71 Lambeth Walk |
London |
SE11 6DX |
|
|
Date: ............................................. |
Dementech Limited (Registered number: 10367905) |
|
Abridged Balance Sheet |
30th September 2017 |
|
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
|
Property, plant and equipment | 6 |
|
|
|
CURRENT ASSETS |
Inventories |
|
Debtors |
|
Cash at bank and in hand |
|
|
CREDITORS |
Amounts falling due within one year |
|
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
|
PROVISIONS FOR LIABILITIES | 7 |
|
NET LIABILITIES | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 8 |
|
Retained earnings | 9 | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
|
|
|
|
|
The director acknowledges his 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. |
Dementech Limited (Registered number: 10367905) |
|
Abridged Balance Sheet - continued |
30th September 2017 |
|
|
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
Dementech Limited (Registered number: 10367905) |
|
Notes to the Financial Statements |
for the Period 9th September 2016 to 30th September 2017 |
|
1. | STATUTORY INFORMATION |
|
Dementech Limited is a
|
company's registered number and registered office address can be found on the Company Information |
page. |
|
2. | STATEMENT OF COMPLIANCE |
|
|
|
3. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
|
Turnover is generated from the ordinary activities of the company and is recognized when the right to |
consideration becomes due. |
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment losses. |
|
|
|
Tangible fixed assets |
|
Improvements to property | - |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
|
Cost is determined on a first in first out basis. Net realizable value represents estimated selling price |
less any additional costs to sell. |
|
Dementech Limited (Registered number: 10367905) |
|
Notes to the Financial Statements - continued |
for the Period 9th September 2016 to 30th September 2017 |
|
3. | ACCOUNTING POLICIES - continued |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the period end and that |
are expected to apply to the reversal of the timing difference. |
|
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is |
probable that they will be recovered against the reversal of deferred tax liabilities or other future |
taxable profits. |
|
Going concern |
At the balance sheet date, the company's liabilities exceeded its assets. The company is able to trade |
with the support of its director and Polexar Holding Limited, the parent company. In director's |
opinion, this support will continue for the foreseeable future and for at least 13 months from the date |
of approval of these financial statements. The financial statements are therefore prepared on the |
going concern basis. |
|
4. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the period was
|
|
5. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
|
At 30th September 2017 |
|
NET BOOK VALUE |
|
At 30th September 2017 |
|
Dementech Limited (Registered number: 10367905) |
|
Notes to the Financial Statements - continued |
for the Period 9th September 2016 to 30th September 2017 |
|
6. | PROPERTY, PLANT AND EQUIPMENT |
Totals |
£ |
COST |
Additions |
|
At 30th September 2017 |
|
DEPRECIATION |
Charge for period |
|
At 30th September 2017 |
|
NET BOOK VALUE |
At 30th September 2017 |
|
|
7. | PROVISIONS FOR LIABILITIES |
£ |
Deferred tax | 3,517 |
|
Deferred |
tax |
£ |
Charge to Abridged Income Statement during period |
|
Balance at 30th September 2017 |
|
|
8. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
|
ordinary | £1 | 1,000 |
|
9. | RESERVES |
Retained |
earnings |
£ |
|
Deficit for the period | ( |
) |
At 30th September 2017 | ( |
) |
Dementech Limited (Registered number: 10367905) |
|
Notes to the Financial Statements - continued |
for the Period 9th September 2016 to 30th September 2017 |
|
10. | RELATED PARTY DISCLOSURES |
|
Mr M Rabhi |
Director |
|
At the reporting date, the company owed £3,780 to Mr Rabhi. |
|
Polexar Holding Ltd |
Parent company |
|
At the reporting date, the company owed £550,000 to Polexar Holding Ltd. |
|
11. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is Polexar Holding Ltd. |