Company Registration No. 06050967 (England and Wales)
Deeserve Limited
Unaudited accounts
for the year ended 31 March 2017
Deeserve Limited
Unaudited accounts
Contents
Deeserve Limited
Company Information
for the year ended 31 March 2017
Company Number
06050967 (England and Wales)
Registered Office
1 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR
Deeserve Limited
Statement of financial position
as at
31 March 2017
Tangible assets
19,245
20,633
Cash at bank and in hand
15,629
15,313
Creditors: amounts falling due within one year
(49,010)
(27,603)
Net current assets
14,657
21,109
Total assets less current liabilities
33,902
41,742
Provisions for liabilities
Deferred tax
(3,657)
(4,127)
Called up share capital
1
1
Profit and loss account
30,244
37,614
Shareholders' funds
30,245
37,615
For the year ending 31 March 2017 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 11 December 2017.
D J Wilders
Director
Company Registration No. 06050967
Deeserve Limited
Notes to the Accounts
for the year ended 31 March 2017
Deeserve Limited is a private company, limited by shares, registered in England and Wales, registration number 06050967. The registered office is 1 Princes Court, Royal Way, Loughborough, Leicestershire, LE11 5XR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10 years straight line
Plant & machinery
3 years straight line
Fixtures & fittings
20% pa reducing balancing
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may crystallise.
The Company's turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year.
Deeserve Limited
Notes to the Accounts
for the year ended 31 March 2017
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2016
844
15,445
44,191
60,480
Additions
-
1,788
4,553
6,341
At 31 March 2017
844
17,233
48,744
66,821
At 1 April 2016
336
8,428
31,083
39,847
Charge for the year
84
1,761
5,884
7,729
At 31 March 2017
420
10,189
36,967
47,576
At 31 March 2017
424
7,044
11,777
19,245
At 31 March 2016
508
7,017
13,108
20,633
Trade debtors
43,384
25,887
Accrued income and prepayments
4,408
7,266
6
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
32,629
13,746
Taxes and social security
13,605
11,217
Loans from directors
299
403
7
Share capital
2017
2016
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Operating lease commitments
2017
2016
At 31 March 2017 the company has commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
24,243
46,215
Deeserve Limited
Notes to the Accounts
for the year ended 31 March 2017
9
Average number of employees
During the year the average number of employees was 3 (2016: 3).