Damion Chew Design Limited - Accounts to registrar - small 17.1.1

Damion Chew Design Limited - Accounts to registrar - small 17.1.1


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REGISTERED NUMBER: 07855871

















Unaudited Financial Statements

for the Year Ended 30 November 2016

for

Damion Chew Design Limited

Damion Chew Design Limited (Registered number: 07855871)






Contents of the Financial Statements
for the Year Ended 30 November 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Damion Chew Design Limited

Company Information
for the Year Ended 30 November 2016







Director: Mr Damion Erik Chew





Registered office: 24 Stone Quarry Road
Burniston
Scarborough
North Yorkshire
YO13 0DF





Registered number: 07855871





Accountants: Rayner & Co
Chartered Certified Accountants
6 Arundel Place
Scarborough
North Yorkshire
YO11 1TX

Damion Chew Design Limited (Registered number: 07855871)

Balance Sheet
30 November 2016

2016 2015
Notes £ £ £ £
Fixed assets
Intangible assets 2 10,000 10,000
Tangible assets 3 1,335 1,577
11,335 11,577

Current assets
Debtors 4 3,432 3,216
Cash at bank and in hand 28,220 37,676
31,652 40,892
Creditors
Amounts falling due within one year 5 32,136 27,815
Net current (liabilities)/assets (484 ) 13,077
Total assets less current liabilities 10,851 24,654

Provisions for liabilities 6 267 315
Net assets 10,584 24,339

Capital and reserves
Called up share capital 7 100 100
Profit and loss account 8 10,484 24,239
Shareholders' funds 10,584 24,339

Damion Chew Design Limited (Registered number: 07855871)

Balance Sheet - continued
30 November 2016


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 5 July 2017and were signed by:





Mr Damion Erik Chew- Director


Damion Chew Design Limited (Registered number: 07855871)

Notes to the Financial Statements
for the Year Ended 30 November 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).

Turnover
The turnover shown in the profit and loss account represents the total invoice value, excluding value
added tax, of sales made during the year. Sales are recognised in the profit and loss account when
invoiced.

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

Fixtures and fittings - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all material 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 assets are recognised only to the extent that the director considers 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.

2. Intangible fixed assets
Goodwill
£
Cost
At 1 December 2015
and 30 November 2016 10,000
Net book value
At 30 November 2016 10,000
At 30 November 2015 10,000

Damion Chew Design Limited (Registered number: 07855871)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2016

3. Tangible fixed assets
Fixtures
and
fittings
£
Cost
At 1 December 2015 3,572
Additions 199
At 30 November 2016 3,771
Depreciation
At 1 December 2015 1,995
Charge for year 441
At 30 November 2016 2,436
Net book value
At 30 November 2016 1,335
At 30 November 2015 1,577

4. Debtors: amounts falling due within one year
2016 2015
£ £
Trade debtors 3,125 2,897
Prepayments 307 319
3,432 3,216

5. Creditors: amounts falling due within one year
2016 2015
£ £
Tax 2,610 6,172
Director's current account 28,360 21,532
Accruals 1,166 111
32,136 27,815

6. Provisions for liabilities
2016 2015
£ £
Deferred tax
Accelerated capital allowances 267 315

Deferred tax
£
Balance at 1 December 2015 315
Credit to Profit and Loss Account during year (48 )
Balance at 30 November 2016 267

Damion Chew Design Limited (Registered number: 07855871)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2016

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £ £
100 Ordinary £1 100 100

8. Reserves
Profit and
loss
account
£

At 1 December 2015 24,239
Profit for the year 10,245
Dividends (24,000 )
At 30 November 2016 10,484

9. Related party transactions

Mr Damion Erik Chew
Director


During the year dividends of £24,000 (2015 £2,500) were paid to the director.

2016 2015
£ £
Amount due to related party at the balance sheet date 28,360 21,532

10. Controlling party

The controlling party is Mr Damion Erik Chew.

The director Mr D E Chew holds 100% of the company's issued ordinary share capital.