Derek Arden International Limited Filleted accounts for Companies House (small and micro)

DEREK ARDEN INTERNATIONAL LIMITED - Company Information

false false false false false false false false false true false false false false false false false No description of principal activity 2018-04-01 Sage Accounts Production Advanced 2018 Update 1 - FRS 7,934 665 8,599 6,981 575 7,556 1,043 953 xbrli:pure xbrli:shares iso4217:GBP 04084697 2018-04-01 2019-03-31 04084697 2019-03-31 04084697 2018-03-31 04084697 2017-04-01 2018-03-31 04084697 2018-03-31 04084697 bus:Director1 2018-04-01 2019-03-31 04084697 core:WithinOneYear 2019-03-31 04084697 core:WithinOneYear 2018-03-31 04084697 core:ShareCapital 2019-03-31 04084697 core:ShareCapital 2018-03-31 04084697 core:RetainedEarningsAccumulatedLosses 2019-03-31 04084697 core:RetainedEarningsAccumulatedLosses 2018-03-31 04084697 bus:Director1 2018-03-31 04084697 bus:Director1 2019-03-31 04084697 bus:Director1 2017-03-31 04084697 bus:Director1 2018-03-31 04084697 bus:Director1 2017-04-01 2018-03-31 04084697 bus:SmallEntities 2018-04-01 2019-03-31 04084697 bus:AuditExemptWithAccountantsReport 2018-04-01 2019-03-31 04084697 bus:FullAccounts 2018-04-01 2019-03-31 04084697 bus:SmallCompaniesRegimeForAccounts 2018-04-01 2019-03-31 04084697 bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31 04084697 core:ComputerEquipment 2018-04-01 2019-03-31 04084697 core:ComputerEquipment 2018-03-31 04084697 core:ComputerEquipment 2019-03-31

COMPANY REGISTRATION NUMBER: 04084697

Derek Arden International Limited

Filleted Unaudited Accounts

31 March 2019

Derek Arden International Limited

Statement of Financial Position

31 March 2019

	2019		2018
Note	£	£	£

Fixed assets

Tangible assets	5		1,043	953

Current assets

Stocks		750	2,579
Debtors	6	2,209	6,440
Cash at bank and in hand		5,615	16,405
		-------	--------
		8,574	25,424

Creditors: amounts falling due within one year	7	9,604		26,370
		-------		--------
Net current liabilities			1,030	946
			-------	----
Total assets less current liabilities			13	7
			----	----
Net assets			13	7
			----	----

Capital and reserves

Called up share capital	2	2
Profit and loss account	11	5
	----	----
Shareholders funds	13	7
	----	----

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts .

Derek Arden International Limited

Statement of Financial Position (continued)

31 March 2019

These accounts were approved by the board of directors and authorised for issue on 6 December 2019 , and are signed on behalf of the board by:

Mr D Arden

Director

Company registration number: 04084697

Derek Arden International Limited

Notes to the Accounts

Year ended 31 March 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hurst House, High Street, Ripley, Surrey, United Kingdom, GU23 6AY.

2. Statement of compliance

These accounts have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. 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. Income tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference. Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office Equipment	-	33% straight line

Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2018: 2 ).

5. Tangible assets

	Office Equipment	Total
	£	£
Cost
At 1 April 2018	7,934	7,934
Additions	665	665
	-------	-------
At 31 March 2019	8,599	8,599
	-------	-------
Depreciation
At 1 April 2018	6,981	6,981
Charge for the year	575	575
	-------	-------
At 31 March 2019	7,556	7,556
	-------	-------
Carrying amount
At 31 March 2019	1,043	1,043
	-------	-------
At 31 March 2018	953	953
	-------	-------

6. Debtors

	2019	2018
	£	£
Trade debtors	1,800	6,440
Other debtors	409	–
	-------	-------
	2,209	6,440
	-------	-------

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Corporation tax	636	2,070
Social security and other taxes	819	4,778
Other creditors	8,149	19,522
	-------	--------
	9,604	26,370
	-------	--------

8. Related party truncations

During the year the directors entered into the following advances and credits with the company:

	2019
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D Arden	( 18,022)	11,374	–	( 6,648)
	--------	--------	----	-------

	2018
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D Arden	( 10,136)	–	( 7,886)	( 18,022)
	--------	----	-------	--------