Dixerit UK Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05073045 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2014

for

Dixerit UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Miss K I Lennartsson

REGISTERED OFFICE:

Carpenter Court, 1 Maple Road

Bramhall

Stockport

SK7 2DH

REGISTERED NUMBER:

05073045 (England and Wales)

ACCOUNTANTS:

Cox Chartered Accountants

PO Box 176

Poulton-le-Fylde

Lancashire

FY6 6DX

FIXED ASSETS

Tangible assets

2

550

-

CURRENT ASSETS

Debtors

38,839

29,440

Cash at bank

11,498

33,885

50,337

63,325

CREDITORS

Amounts falling due within one year

49,748

59,189

NET CURRENT ASSETS

589

4,136

TOTAL ASSETS LESS CURRENT LIABILITIES

1,139

4,136

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

1,039

4,036

SHAREHOLDER FUNDS

1,139

4,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 September 2015 and were signed by:

Miss K I Lennartsson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in respect of service

contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

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

Website development

-

33% straight line

Website development costs acquired separately from third parties are recognised as assets and measured at

cost.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay

more, or a right to pay less or to receive more tax, with the following exceptions:

* Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

* Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not

that there will be suitable taxable profits from which the future reversal of the underlying timing differences can

be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets

of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar

debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented

as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the

profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the

outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability

then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are

debited direct to equity.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

2,160

Additions

733

At 31 December 2014

2,893

DEPRECIATION

At 1 January 2014

2,160

Charge for year

183

At 31 December 2014

2,343

NET BOOK VALUE

At 31 December 2014

550

At 31 December 2013

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary shares

£1

100

100

4.	ADVANCE TO DIRECTOR

At the year end Miss KI Lennartsson owed the company £14,952 (2013: £9,700) which has been repaid in full

after the year end.