DECO FLAME MTM LTD - Accounts to registrar (filleted) - small 18.2

DECO FLAME MTM LTD - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 05340225(England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

DECO FLAME MTM LTD

DECO FLAME MTM LTD (Registered number: 05340225)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


DECO FLAME MTM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTOR: Ms S M Juncal





REGISTERED OFFICE: The Mews
St Nicholas Lane
Lewes
East Susses
BN7 2JZ





REGISTERED NUMBER: 05340225(England and Wales)





ACCOUNTANTS: James Todd & Co Limited
1 & 2 The Barn
Oldwick
West Stoke Road
Chichester
West Sussex
PO18 9AA

DECO FLAME MTM LTD (Registered number: 05340225)

ABRIDGED BALANCE SHEET
31 DECEMBER 2018

31.12.18 31.12.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,110 19,555

CURRENT ASSETS
Stocks 25,591 9,840
Debtors - 3,302
Cash at bank and in hand 24,496 28,628
50,087 41,770
CREDITORS
Amounts falling due within one year 47,538 35,305
NET CURRENT ASSETS 2,549 6,465
TOTAL ASSETS LESS CURRENT LIABILITIES 13,659 26,020

CREDITORS
Amounts falling due after more than
one year

-

12,612
NET ASSETS 13,659 13,408

CAPITAL AND RESERVES
Called up share capital 2 1
Retained earnings 13,657 13,407
SHAREHOLDERS' FUNDS 13,659 13,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

DECO FLAME MTM LTD (Registered number: 05340225)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 March 2019and were signed by:





Ms S M Juncal- Director


DECO FLAME MTM LTD (Registered number: 05340225)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1. STATUTORY INFORMATION

DECO FLAME MTM LTD is a private company, limited by shares, registered in England and Wales.
The company's registered number and registered office address can be found on the Company
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A
"Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in
the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been
prepared under the historical cost convention, and are in sterling (£), which is the functional currency
of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that
the company has adequate resources to continue in operational existence for the foreseeable future.
The directors therefore adopt the going concern basis of accounting in preparing the financial
statements.

Turnover
Turnover represents the amounts derived from the provision of goods and services falling within the
company's ordinary activities, after deduction of trade discounts, value added tax and any other
other taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and Straight line over 5 years

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to
determine whether there is any indication of their values being impaired. Any impairment losses are
then treated as an expense during the period.

Stocks and work in progress
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making
due allowance for obsolete and slow-moving items. Cost includes all direct expenditure and a
proportion of fixed and variable overheads where appropriate.

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.

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.


DECO FLAME MTM LTD (Registered number: 05340225)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

2. ACCOUNTING POLICIES - continued
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 year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2(2017 - 1) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2018 56,463
Additions 678
At 31 December 2018 57,141
DEPRECIATION
At 1 January 2018 36,908
Charge for year 9,123
At 31 December 2018 46,031
NET BOOK VALUE
At 31 December 2018 11,110
At 31 December 2017 19,555

5. RELATED PARTY DISCLOSURES

The director S M Juncal is also a shareholder of the company. During the year the company paid
aggregate dividends of £ 44,000 (2017: £39,100) to S M Juncal in respect of this shareholding.