Deko Systems UK Limited - Abbreviated accounts 16.1
Deko Systems UK Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 29 FEBRUARY 2016 |
FOR |
DEKO SYSTEMS UK LIMITED |
PREVIOUSLY KNOWN AS |
DEKO SCOTLAND LIMITED |
DEKO SYSTEMS UK LIMITED (REGISTERED NUMBER: SC212827) |
PREVIOUSLY KNOWN AS DEKO SCOTLAND LIMITED |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
DEKO SYSTEMS UK LIMITED |
PREVIOUSLY KNOWN AS DEKO SCOTLAND LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
DEKO SYSTEMS UK LIMITED (REGISTERED NUMBER: SC212827) |
PREVIOUSLY KNOWN AS DEKO SCOTLAND LIMITED |
ABBREVIATED BALANCE SHEET |
29 FEBRUARY 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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 financial statements were approved by the director on |
DEKO SYSTEMS UK LIMITED (REGISTERED NUMBER: SC212827) |
PREVIOUSLY KNOWN AS DEKO SCOTLAND LIMITED |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
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 January 2015). |
Exemption from preparing a cash flow statement |
The Company has adopted the Financial Reporting Standard for Smaller Entities (effective January 2015) and is |
consequently exempt from the requirement to include a cash flow statement in the financial statements. |
Turnover |
Turnover represents the value of work done in the year, including estimates of amounts not invoiced, net of Value Added |
Tax. The value of work done in respect of long term contracts and contracts for ongoing services is determined by |
reference to the stage of completion. |
Goodwill |
Goodwill arising on the acquisition of a business represents the excess of the cost of acquisition (being the cash paid and |
the fair value of other consideration given) over the fair value of the separate net assets acquired. The fair value of |
acquired assets and liabilities are assessed in the year of acquisition and the subsequent year, which may impact on the |
goodwill recognised. Goodwill is capitalised and written off on a straight line basis over its economic useful life. |
Amortisation |
Amortisation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the estimated |
useful economic life of that asset as follows: |
Goodwill - over 10 years |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Tangible fixed assets are stated at cost less depreciation. Cost represents purchase price together with any incidental costs |
of acquisition. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. Cost is purchase price on a first-in first-out basis. |
Work in progress |
Work in progress is valued on the basis of direct material and labour costs plus attributable overheads based on a normal |
level of activity. |
For long term contracts, profit is recognised by reference to the stage of completion of each contract where there is |
reasonable certainty that the contract will be profitable. Where the outcome of the contract cannot be established with |
reasonable certainty, no profit is recognised. Foreseeable losses are provided for in full at the point at which the loss is |
anticipated. |
Where amounts invoiced exceed the value of work done, the excess is accounted for as payments received on account and |
is included within creditors. Where the value of work done exceeds the amounts invoiced, the excess is accounted for as |
amounts recoverable on contracts and is included within debtors. |
DEKO SYSTEMS UK LIMITED (REGISTERED NUMBER: SC212827) |
PREVIOUSLY KNOWN AS DEKO SCOTLAND LIMITED |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
1. | ACCOUNTING POLICIES - continued |
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 tax, or a right to |
pay less tax, or a right to receive repayments of tax. |
Deferred tax assets are recognised only to the extent that the director considers it 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 |
assets and liabilities recognised have not been discounted. |
Deferred tax is measured on a non-discounted basis at the average 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. |
Hire purchase and leasing commitments |
Rentals applicable to operating leases, where substantially all of the benefits and risks of ownership remain with the lessor, |
are charged against profits on a straight line basis over the period of the lease. |
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value, and |
are depreciated in accordance with the above depreciation policies. |
Future instalments payable under such agreements, net of finance charges, are included within creditors. Rentals payable |
are apportioned between the capital element, which reduces the outstanding obligation included within creditors, and the |
finance element, which is charged to the profit and loss account on a straight line basis. |
Financial instruments |
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, |
according to the substance of the contractual arrangement. |
Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at |
principal capital amounts outstanding at the year end. Issue costs relating to financial liabilities are deducted from the |
outstanding balance and are amortised over the period to the due date for repayment of the financial liability. |
An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of |
its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated |
financial instrument. |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2015 |
and 29 February 2016 |
AMORTISATION |
At 1 March 2015 |
and 29 February 2016 |
NET BOOK VALUE |
At 29 February 2016 |
At 28 February 2015 |
DEKO SYSTEMS UK LIMITED (REGISTERED NUMBER: SC212827) |
PREVIOUSLY KNOWN AS DEKO SCOTLAND LIMITED |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 29 FEBRUARY 2016 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 March 2015 |
Additions |
At 29 February 2016 |
DEPRECIATION |
At 1 March 2015 |
Charge for year |
At 29 February 2016 |
NET BOOK VALUE |
At 29 February 2016 |
At 28 February 2015 |
4. | CREDITORS |
Creditors include an amount of £ |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |
6. | ULTIMATE PARENT COMPANY |