DNP Stores Ltd - Accounts to registrar (filleted) - small 18.2

DNP Stores Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 10449243(England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

27TH OCTOBER 2016 TO 31ST OCTOBER 2017

FOR

DNP STORES LTD

DNP STORES LTD (REGISTERED NUMBER: 10449243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 27TH OCTOBER 2016 TO 31ST OCTOBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DNP STORES LTD

COMPANY INFORMATION
FOR THE PERIOD 27TH OCTOBER 2016 TO 31ST OCTOBER 2017







DIRECTORS: U Patel
D Patel





SECRETARY:





REGISTERED OFFICE: 20-22 Partington Street
Failsworth
Manchester
Greater Manchester
M35 9RD





REGISTERED NUMBER: 10449243(England and Wales)





ACCOUNTANTS: DBF Associates
Chartered Accountants
South Cheetham B C
10 Park Place
Manchester
Lancashire
M4 4EY

DNP STORES LTD (REGISTERED NUMBER: 10449243)

BALANCE SHEET
31ST OCTOBER 2017

Notes £    £   
FIXED ASSETS
Intangible assets 3 139,200
Tangible assets 4 2,947
142,147

CURRENT ASSETS
Stocks 51,841
Debtors 5 3,358
Cash in hand 874
56,073
CREDITORS
Amounts falling due within one year 6 131,266
NET CURRENT LIABILITIES (75,193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,954

CREDITORS
Amounts falling due after more than one
year

7

52,000
NET ASSETS 14,954

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 14,854
14,954

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st October 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st October 2017 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.

DNP STORES LTD (REGISTERED NUMBER: 10449243)

BALANCE SHEET - continued
31ST OCTOBER 2017


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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 5th June 2018and were signed on its behalf by:





D Patel- Director


DNP STORES LTD (REGISTERED NUMBER: 10449243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 27TH OCTOBER 2016 TO 31ST OCTOBER 2017

1. STATUTORY INFORMATION

DNP Stores Ltd is a private company, limited by shares, registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

DNP STORES LTD (REGISTERED NUMBER: 10449243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 27TH OCTOBER 2016 TO 31ST OCTOBER 2017

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 145,000
At 31st October 2017 145,000
AMORTISATION
Charge for period 5,800
At 31st October 2017 5,800
NET BOOK VALUE
At 31st October 2017 139,200

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 3,594
At 31st October 2017 3,594
DEPRECIATION
Charge for period 647
At 31st October 2017 647
NET BOOK VALUE
At 31st October 2017 2,947

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 158
Other debtors 3,200
3,358

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 5,024
Taxation and social security 4,936
Other creditors 121,306
131,266

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Other creditors 52,000