DISKIN DRAINAGE SOLUTIONS LTD




Company Registration Number:
06733317 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st November 2011

End date: 31st October 2012

SUBMITTED

DISKIN DRAINAGE SOLUTIONS LTD

Contents of the Financial Statements
for the Period Ended
31st October 2012

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

DISKIN DRAINAGE SOLUTIONS LTD

Company Information
for the Period Ended
31st October 2012




Director: John James Diskin
Registered office: 1 Eggington Road
Wollaston
Stourbridge
West Midlands
DY8 4QJ
GBR
Company Registration Number: 06733317 (England and Wales)

DISKIN DRAINAGE SOLUTIONS LTD

Directors' Report Period Ended 31st October 2012

The directors present their report with the financial statements of the company for the period ended 31st October 2012

Principal activities
The principal activity of the company in the period under review was:
The repair and installation of drainage systems

Directors
The directors shown below have held office during the whole of the period from
01st November 2011 to 31st October 2012
John James Diskin

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 31 July 2013
And Signed On Behalf Of The Board By:

Name: John James Diskin
Status: Director

DISKIN DRAINAGE SOLUTIONS LTD

Profit and Loss Account

for the Period Ended 31st October 2012

Notes 2012
£
2011
£
Turnover: 67,253 71,009
Cost of sales: 16,798 9,295
Gross profit or (loss): 50,455 61,714
Administrative expenses: , 39,438 43,128
Operating profit or (loss): 11,017 18,586
Tax on profit or loss on ordinary activities: 11,017 18,586
Tax on profit or (loss) on ordinary activities: 2,837 2,501
Profit or (loss) for the financial year: 8,180 16,085

The notes form part of these financial statements

DISKIN DRAINAGE SOLUTIONS LTD

Statement of total recognised gains and losses
31st October 2012

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

DISKIN DRAINAGE SOLUTIONS LTD

Balance sheet
As at 31st October 2012

Notes 2012
£
2011
£
Fixed assets
Tangible assets: 2 3,166 6,332
Total fixed assets: 3,166 6,332
Current assets
Stocks: 0 0
Debtors: 22,706 21,283
Cash at bank and in hand: 23,792 28,581
Total current assets: 46,498 49,864
Creditors: amounts falling due within one year 28,250 41,612
Net current assets (liabilities): 18,248 8,252
Total assets less current liabilities: 21,414 14,584
Creditors: amounts falling due after more than one year: 7,579 8,593
Provision for liabilities: 9,665 2,501
Total net assets (liabilities): 4,170 3,490

The notes form part of these financial statements

DISKIN DRAINAGE SOLUTIONS LTD

Balance sheet
As at 31st October 2012
continued

Notes 2012
£
2011
£
Capital and reserves
Called up share capital: 3 1 1
Revaluation reserve: 0 0
Profit and Loss account: 4 4,169 3,489
Total shareholders funds: 4,170 3,490

For the year ending 31 October 2012 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 31 July 2013

SIGNED ON BEHALF OF THE BOARD BY:

Name: John James Diskin
Status: Director

The notes form part of these financial statements

DISKIN DRAINAGE SOLUTIONS LTD

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

    Turnover policy

    The turnover shown in the profit and loss account represents revenue recognized by the company in respect of goods and services supplied during the period, exclusive of Value Added Tax and trade discounts.

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold Buildings - 2% on cost or revalued amounts, Plant and Machinery - 33% on cost, Fixtures and Fittings - 10% on cost, Motor Vehicles - 33% on cost.

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortized at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

    Valuation information and policy

    Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

    Other accounting policies

    Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred. Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. Deferred taxation is calculated at the rates of tax that are expected to apply in the periods when the timing differences will reverse and has not been discounted.

DISKIN DRAINAGE SOLUTIONS LTD

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 2. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st November 2011: - - - - 9,499 9,499
    Additions: - - - - 0 0
    Disposals: - - - - 0 0
    Revaluations: - - - - 0 0
    Transfers: - - - - 0 0
    At 31st October 2012: - - - - 9,499 9,499
    Depreciation
    At 01st November 2011: - - - - 3,167 3,167
    Charge for year: - - - - 3,166 3,166
    At 31st October 2012: - - - - 6,333 6,333
    Net book value
    At 31st October 2012: - - - - 3,166 3,166
    At 31st October 2011: - - - - 6,332 6,332

DISKIN DRAINAGE SOLUTIONS LTD

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 3. Called up share capital

    Allotted, called up and paid

    Previous period 2011
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    1
    Total share capital: 1
    Current period 2012
    Class Number of shares Nominal value per share Total
    Ordinary shares: 1 1.00
    1.00
    1
    Total share capital: 1

DISKIN DRAINAGE SOLUTIONS LTD

Notes to the Financial Statements
for the Period Ended
31st October 2012

  • 4. Profit and loss account

    2012 2011
    £ £
    Opening balance: 3,489 2,404
    Profit or (loss) for the period: 8,180 16,085
    Equity dividends paid: 7,500 15,000
    Retained profit: 4,169 3,489


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