DXN Commercials Limited - Accounts to registrar (filleted) - small 18.2

DXN Commercials Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 11323382 (England and Wales)















Unaudited Financial Statements

for the period

20th April 2018 to 30th April 2019

for

DXN Commercials Limited

DXN Commercials Limited (Registered number: 11323382)






Contents of the Financial Statements
for the period 20th April 2018 to 30th April 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DXN Commercials Limited

Company Information
for the period 20th April 2018 to 30th April 2019







DIRECTOR: Mr A Dixon





SECRETARY:





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 11323382 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

DXN Commercials Limited (Registered number: 11323382)

Balance Sheet
30th April 2019

Notes £    £   
FIXED ASSETS
Tangible assets 4 5,044

CURRENT ASSETS
Stocks 1,650
Debtors 5 3,111
Cash at bank 2,944
7,705
CREDITORS
Amounts falling due within one year 6 8,897
NET CURRENT LIABILITIES (1,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,852

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 3,752
SHAREHOLDERS' FUNDS 3,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 8th November 2019 and were signed by:





Mr A Dixon - Director


DXN Commercials Limited (Registered number: 11323382)

Notes to the Financial Statements
for the period 20th April 2018 to 30th April 2019

1. STATUTORY INFORMATION

DXN Commercials 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.
Plant and machinery etc - 25% on reducing balance

Stocks
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 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 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.

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 period was 1 .

DXN Commercials Limited (Registered number: 11323382)

Notes to the Financial Statements - continued
for the period 20th April 2018 to 30th April 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 6,726
At 30th April 2019 6,726
DEPRECIATION
Charge for period 1,682
At 30th April 2019 1,682
NET BOOK VALUE
At 30th April 2019 5,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,520
Other debtors 591
3,111

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 1,646
Other creditors 7,251
8,897

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Dixon.