Daly Makeup Limited - Abbreviated accounts 16.1

Daly Makeup Limited - Abbreviated accounts 16.1


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DRAFT
REGISTERED NUMBER: NI609567 (Northern Ireland)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

DALY MAKEUP LIMITED

DALY MAKEUP LIMITED (REGISTERED NUMBER: NI609567)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015

DRAFT









Page

Company Information 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 5

Accountants' Report 6

DALY MAKEUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2015







DRAFT
DIRECTORS: Ms A Daly
Ms C J Daly





SECRETARY: Ms A Daly





REGISTERED OFFICE: 475 Lisburn Road
Belfast
BT9 7EN





REGISTERED NUMBER: NI609567 (Northern Ireland)





ACCOUNTANTS: Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
Co. Antrim
BT1 3BG

DALY MAKEUP LIMITED (REGISTERED NUMBER: NI609567)

ABBREVIATED BALANCE SHEET
31 OCTOBER 2015

31.10.15 31.10.14
Notes £    £    £    £   
DRAFT
FIXED ASSETS
Tangible assets 2 9,240 7,322

CURRENT ASSETS
Stocks 5,000 1,015
Debtors 2,079 15,318
Cash at bank 57,122 22,034
64,201 38,367
CREDITORS
Amounts falling due within one year 37,034 26,833
NET CURRENT ASSETS 27,167 11,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,407

18,856

PROVISIONS FOR LIABILITIES 1,200 -
NET ASSETS 35,207 18,856

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 35,107 18,756
SHAREHOLDERS' FUNDS 35,207 18,856

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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.

DALY MAKEUP LIMITED (REGISTERED NUMBER: NI609567)

ABBREVIATED BALANCE SHEET - continued
31 OCTOBER 2015

DRAFT

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 authorised for issue by the Board of Directors on 8 July 2016 and were signed on its
behalf by:





Ms C J Daly - Director


DALY MAKEUP LIMITED (REGISTERED NUMBER: NI609567)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015

DRAFT

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention.

Financial reporting standard number 1
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a
small company.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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


Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014 9,787
Additions 5,455
At 31 October 2015 15,242
DEPRECIATION
At 1 November 2014 2,465
Charge for year 3,537
At 31 October 2015 6,002
NET BOOK VALUE
At 31 October 2015 9,240
At 31 October 2014 7,322

DALY MAKEUP LIMITED (REGISTERED NUMBER: NI609567)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2015

DRAFT

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.15 31.10.14
value: £    £   
100 Ordinary £1 100 100

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
DALY MAKEUP LIMITED


DRAFT
The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)
have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Daly Makeup Limited for the year ended 31 October 2015 which comprise the Profit and Loss
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and
explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Daly Makeup Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Daly Makeup Limited and state those matters that we have agreed to state to the Board of Directors of Daly Makeup Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Daly Makeup Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Daly Makeup Limited. You consider that Daly Makeup Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Daly Makeup Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Baker Tilly Mooney Moore
17 Clarendon Road
Clarendon Dock
Belfast
Co. Antrim
BT1 3BG


8 July 2016