Abbreviated Company Accounts - DIACRON LIMITED

03126527 DIACRON LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 03126527 2015-01-01 2015-12-31 03126527 2015-12-31 03126527 2014-12-31 03126527 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 03126527 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 03126527

DIACRON LIMITED

Abbreviated Accounts

31 December 2015

DIACRON LIMITED Registered Number 03126527

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,000	6,000
		4,000	6,000
Current assets
Debtors	3	153,651	82,222
Cash at bank and in hand		44,420	27,808
		198,071	110,030
Creditors: amounts falling due within one year		(131,161)	(13,155)
Net current assets (liabilities)		66,910	96,875
Total assets less current liabilities		70,910	102,875
Creditors: amounts falling due after more than one year		(10,242)	(47,988)
Total net assets (liabilities)		60,668	54,887
Capital and reserves
Called up share capital	4	40,738	40,738
Profit and loss account		19,930	14,149
Shareholders' funds		60,668	54,887

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 28 September 2016

And signed on their behalf by:
Richard Nava, Director

DIACRON LIMITED Registered Number 03126527

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective January 2015

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to
customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their
estimated useful lives.
Plant and machinery 20% straight line
Motor vehicles 25% straight line

Other accounting policies
-Stocks
Stock is valued at the lower of cost and net realisable value

-Deferred Taxation
Full provision is made for deferred taxation resulting from timing differences between the
recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred
taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the
periods when the timing differences will reverse.

-Foreign Currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the rate of
exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

-Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where
substantially all the risks and rewards of ownership of the asset have passed to the company, are
capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease
or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the
period of the lease and represents a constant proportion of the balance of capital repayments
outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease
term.

-Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the
profit and loss account as they become payable in accordance with the rules of the scheme.

2Tangible fixed assets

	£
Cost
At 1 January 2015	66,159
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	66,159
Depreciation
At 1 January 2015	60,159
Charge for the year	2,000
On disposals	-
At 31 December 2015	62,159
Net book values
At 31 December 2015	4,000
At 31 December 2014	6,000

3Debtors

2015: Work in Progress £ 43,600 + Debtors £ 110,051
2014: Work in Progress £ 43,600 + Debtors £ 38,622

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
40,738 Ordinary shares of £1 each	40,738	40,738