Company Registration No. 03309834 (England and Wales)
D J P INTERNATIONAL LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017
PAGES FOR FILING WITH REGISTRAR
D J P INTERNATIONAL LIMITED
COMPANY INFORMATION
Directors
D J Peacock
B Peacock
Secretary
B Peacock
Company number
03309834
Registered office
Barredale Court
Turners Hill Road
East Grinstead
West Sussex
RH19 4LX
Accountants
Perrys Accountants Limited
Chartered Accountants
3 Roberts Mews
Orpington
Kent
BR6 0JP
D J P INTERNATIONAL LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
D J P INTERNATIONAL LIMITED (REGISTERED NUMBER: 03309834)
BALANCE SHEET
AS AT 31 JULY 2017
31 July 2017
- 1 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
24,116
258
Current assets
Debtors
861
491
Investments
4
140,112
-
Cash at bank and in hand
535,002
1,053,552
675,975
1,054,043
Creditors: amounts falling due within one year
5
(40,514)
(426,452)
Net current assets
635,461
627,591
Total assets less current liabilities
659,577
627,849
Provisions for liabilities
(1,009)
(52)
Net assets
658,568
627,797
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
658,566
627,795
Total equity
658,568
627,797
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
D J P INTERNATIONAL LIMITED (REGISTERED NUMBER: 03309834)
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2017
31 July 2017
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 18 April 2018 and are signed on its behalf by:
D J Peacock
Director
D J P INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2017
- 3 -
1
Accounting policies
Company information
D J P International Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Barredale Court, Turners Hill Road, East Grinstead, West Sussex, RH19 4LX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £
1
.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
These financial statements for the year ended 31 July 2017
are the
first
financial statements of D J P International Limited prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 August 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
1.2
Turnover
Turnover
represents net invoiced sales of services, excluding value added tax.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
D J P INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2017
1
Accounting policies
(Continued)
- 4 -
1.6
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions
also at HMRC published rates
. At each reporting
year
end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at
HMRC published rates
. Gains and losses arising on translation are included in the profit and loss account for the period.
2
Employees
The average monthly number of persons employed by the company (including directors) during the year was 2 (2016 - 2).
3
Tangible fixed assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 August 2016
4,589
-
4,589
Additions
-
31,897
31,897
At 31 July 2017
4,589
31,897
36,486
Depreciation and impairment
At 1 August 2016
4,331
-
4,331
Depreciation charged in the year
65
7,974
8,039
At 31 July 2017
4,396
7,974
12,370
Carrying amount
At 31 July 2017
193
23,923
24,116
At 31 July 2016
258
-
258
4
Current asset investments
2017
2016
£
£
Other investments
140,112
-
D J P INTERNATIONAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2017
- 5 -
5
Creditors: amounts falling due within one year
2017
2016
£
£
Other taxation and social security
28,869
135,983
Other creditors
11,645
290,469
40,514
426,452