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Financial Statements for the Year Ended 30 November 2018 |
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for |
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DUSAL LIMITED |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 30 November 2018 |
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for |
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DUSAL LIMITED |
DUSAL LIMITED (REGISTERED NUMBER: SC124801) |
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Contents of the Financial Statements |
for the Year Ended 30 November 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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DUSAL LIMITED |
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Company Information |
for the Year Ended 30 November 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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SENIOR STATUTORY AUDITOR: |
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AUDITORS: |
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11 Victoria Road |
Elland |
West Yorkshire |
HX5 0AE |
DUSAL LIMITED (REGISTERED NUMBER: SC124801) |
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Balance Sheet |
30 November 2018 |
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30/11/18 | 30/11/17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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CURRENT ASSETS |
Inventories |
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Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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DUSAL LIMITED (REGISTERED NUMBER: SC124801) |
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Notes to the Financial Statements |
for the Year Ended 30 November 2018 |
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1. | STATUTORY INFORMATION |
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Dusal Limited is a
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and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods |
have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, |
it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be |
incurred in respect of the transactions can be measured reliably. |
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When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is |
recognised only to the extent that expenses recognised are recoverable. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation |
and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date |
of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. |
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An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive |
income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset |
previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is |
recognised in other comprehensive income to the extent of any previously recognised revaluation increase |
accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation |
gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. |
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Stocks |
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Taxation |
Taxation for the year 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
DUSAL LIMITED (REGISTERED NUMBER: SC124801) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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 year end and that are expected to apply to the reversal of the |
timing difference. |
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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. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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Financial instruments |
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual |
provisions of the instrument. |
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Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a |
financing transaction, where it is recognised at the present value of the future payments discounted at a market |
rate of interest for a similar debt instrument. |
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Debt instruments are subsequently measured at amortised cost. |
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Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an |
asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which |
case the asset is measured at the present value of the future payments discounted at a market rate of interest for a |
similar debt instrument. |
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Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or |
loss, with the exception of hedging instruments in a designated hedging relationship. |
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Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at |
the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in |
profit or loss immediately. |
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For all equity instruments regardless of significance, and other financial assets that are individually significant, |
these are assessed individually for impairment. Other financial assets are either assessed individually or grouped |
on the basis of similar credit risk characteristics. |
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Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not |
result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the |
impairment not previously been recognised. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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DUSAL LIMITED (REGISTERED NUMBER: SC124801) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
etc |
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COST |
At 1 December 2017 |
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Additions |
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At 30 November 2018 |
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DEPRECIATION |
At 1 December 2017 |
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Charge for year |
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At 30 November 2018 |
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NET BOOK VALUE |
At 30 November 2018 |
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At 30 November 2017 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/18 | 30/11/17 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/11/18 | 30/11/17 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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DUSAL LIMITED (REGISTERED NUMBER: SC124801) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 November 2018 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
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30/11/18 | 30/11/17 |
£ | £ |
Owed to group undertakings - 1-5 years | 84,620 | 82,156 |
Owed to group undertakings - Over 5 yrs | 388,960 | 411,062 |
473,580 | 493,218 |
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These balances are to be repaid by instalments. |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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9. | OTHER FINANCIAL COMMITMENTS |
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The company had total guarantees and commitments at the balance sheet date of £296,250 (2017 - 341,250) |
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10. | ULTIMATE CONTROLLING PARTY |
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The controlling parties are Mr N I Hartley and Mrs J A Hartley by virtue of their joint ownership of all the share |
capital in the parent company. |
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11. | ULTIMATE PARENT COMPANY |
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Merrygill Limited (incorporated in England & Wales) is regarded by the directors as being the company's |
ultimate parent company. |
Groups accounts available from: |
Companies House |
Crown Way |
Cardiff |
CF14 3UZ |