De Havilland Worldwide Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05547789 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2018

FOR

DE HAVILLAND WORLDWIDE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J H De Havilland

Mr A E Faulkner

Mr A P Roberts

SECRETARY:

Mr J H De Havilland

REGISTERED OFFICE:

The Old Coach House

Horse Fair

Rugeley

Staffordshire

WS15 2EL

REGISTERED NUMBER:

05547789 (England and Wales)

ACCOUNTANTS:

Wynniatt-Husey Ltd

Chartered Accountants

The Old Coach House

Horsefair

Rugeley

Staffordshire

WS15 2EL

FIXED ASSETS

(1

)

Tangible assets

3

(1

)

CURRENT ASSETS

2,271

Stocks

4

2,271

485

Cash at bank

485

2,756

2,756

CREDITORS

262,494

Amounts falling due within one year

5

261,554

(259,738

)

NET CURRENT LIABILITIES

(258,798

)

(259,739

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(258,799

)

CAPITAL AND RESERVES

200

Called up share capital

200

(259,939

)

Retained earnings

6

(258,999

)

(259,739

)

SHAREHOLDERS' FUNDS

(258,799

)

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

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

The directors acknowledge their 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.

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 May 2019 and were signed on its behalf by:

Mr J H De Havilland - Director

1.	STATUTORY INFORMATION

De Havilland Worldwide Limited 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

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.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Totals

fittings

vehicles

equipment

£

£

£

£

COST

At 1 September 2017

and 31 August 2018

30,944

261

29,995

688

DEPRECIATION

At 1 September 2017

and 31 August 2018

30,945

262

29,995

688

NET BOOK VALUE

At 31 August 2018

(1

)

(1

)

-

-

At 31 August 2017

(1

)

(1

)

-

-

4.

STOCKS

31.8.18

31.8.17

£

£

Work-in-progress

2,271

2,271

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans and overdrafts

381

381

Hire purchase contracts

4,239

5,179

Nathan Consolidated Inc

208,737

208,737

Credit Card

(4,096

)

(4,096

)

A Faulkner

10,022

10,022

JAM English

6,000

6,000

Acre 942 Limited

34,900

34,900

Directors' current accounts

221

221

Accrued expenses

1,150

1,150

261,554

262,494

6.

RESERVES

Retained

earnings

£

At 1 September 2017

(259,939

)

Profit for the year

940

At 31 August 2018

(258,999

)