Dewsign Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09540194 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 14 APRIL 2015 TO 31 MARCH 2016

FOR

DEWSIGN LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

D E Williams

Mrs T C Williams

REGISTERED OFFICE:

Savoy House

Savoy Circus

London

W3 7DA

REGISTERED NUMBER:

09540194 (England and Wales)

ACCOUNTANTS:

Wem & Co Chartered Accountants

Savoy House

Savoy Circus

London

W3 7DA

FIXED ASSETS

Intangible assets

2

40,000

Tangible assets

3

14,059

54,059

CURRENT ASSETS

Debtors

28,780

Cash at bank

25,627

54,407

CREDITORS

Amounts falling due within one year

65,136

NET CURRENT LIABILITIES

(10,729

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

43,330

CAPITAL AND RESERVES

Called up share capital

4

100

Share premium

15,902

Profit and loss account

27,328

SHAREHOLDERS' FUNDS

43,330

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2016 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.

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 Board of Directors on 19 January 2017 and were signed on its behalf by:

D E Williams - 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 January 2015).

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Short leasehold

-

the life of lease to first break clause

Fixtures and fittings

-

33% straight line basis

Computer equipment

-

33% straight line basis

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

50,000

At 31 March 2016

50,000

AMORTISATION

Amortisation for period

10,000

At 31 March 2016

10,000

NET BOOK VALUE

At 31 March 2016

40,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

20,684

At 31 March 2016

20,684

DEPRECIATION

Charge for period

6,625

At 31 March 2016

6,625

NET BOOK VALUE

At 31 March 2016

14,059

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.