Registration number:
Double Happiness (Ballymena) Limited
for the Year Ended 31 July 2018
Double Happiness (Ballymena) Limited
(Registration number: NI626003)
Balance Sheet as at 31 July 2018
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Note |
2018 |
2017 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Cash at bank and in hand |
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Creditors: due within one year |
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( |
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Net current liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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For the financial year ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
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Page 1 |
Double Happiness (Ballymena) Limited
(Registration number: NI626003)
Balance Sheet as at 31 July 2018
Approved and authorised by the
.........................................
Director
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Page 2 |
Double Happiness (Ballymena) Limited
Notes to the Financial Statements for the Year Ended 31 July 2018
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General information |
The company is a private company limited by share capital, incorporated in N.Ireland.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax and discounts. The company recognises income at the point of sale.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Page 3 |
Double Happiness (Ballymena) Limited
Notes to the Financial Statements for the Year Ended 31 July 2018
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Asset class |
Depreciation method and rate |
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Fixture & fittings |
20% Straight line |
Short-term debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Financial assets, including debtors, are reviewed at the reporting date to determine if there is any evidence of potential impairment. Any losses arising from impairment are recognised in the income statement in operating expenses.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
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Tangible assets |
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Land and buildings |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 August 2017 |
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Additions |
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At 31 July 2018 |
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Depreciation |
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At 1 August 2017 |
- |
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Charge for the year |
- |
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At 31 July 2018 |
- |
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Carrying amount |
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At 31 July 2018 |
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At 31 July 2017 |
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Included within the net book value of land and buildings above is £2,000 (2017 - £Nil) in respect of short leasehold land and buildings.
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Page 4 |
Double Happiness (Ballymena) Limited
Notes to the Financial Statements for the Year Ended 31 July 2018
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Stocks |
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2018 |
2017 |
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Other inventories |
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Creditors |
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2018 |
2017 |
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Trade creditors |
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Directors current account |
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Taxation and social security |
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- |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2018 |
2017 |
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No. |
£ |
No. |
£ |
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10 |
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10 |
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