2012-04-01 true false Private Limited Company 07556444 2013-02-28 07556444 2012-04-01 2013-02-28 07556444 2012-03-31 07556444 2011-03-08 2012-03-31 07556444 uk-bus:Director1 2012-04-01 2013-02-28 07556444 uk-gaap:PlantMachinery 2012-04-01 2013-02-28 07556444 uk-gaap:VehiclesPlantMachinery 2012-04-01 2013-02-28 07556444 uk-bus:OrdinaryShareClass1 2013-02-28 iso4217:GBP
Notes to the Abbreviated Financial Statements
Dribond Systems Limited
For the period ended 28 February 2013
Dribond Systems Limited
For the period ended 28 February 2013
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 07556444
1 of 5
2
Notes to the Abbreviated Financial Statements
Dribond Systems Limited
For the period ended 28 February 2013
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the accounts of
Dribond Systems Limited for the period ended 28 February 2013 which comprise the Profit and Loss Account, the Balance
Sheet and the related notes from the company's accounting records and from information and explanations you have given
us.
As a practising firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical
and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Dribond Systems Limited, as a body, in accordance with the terms of
our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Dribond
Systems Limited and state those matters that we have agreed to state to the Board of Directors of Dribond Systems Limited,
as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted
by law, we do not accept or assume responsibility to anyone other than Dribond Systems Limited and its Board of Directors
as a body for our work or for this report.
It is your duty to ensure that Dribond Systems Limited has kept adequate accounting records to prepare statutory accounts
that give a true and fair view of the assets, liabilities, financial position and Profit of Dribond Systems Limited. You consider
that Dribond Systems Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Dribond Systems Limited. For this reason,
we have not verified the accuracy or completeness of the accounting records or information and explanations you have
given to us and we do not, therefore, express any opinion on the statutory accounts.
Johnson Walker
Horizon House
2 Whiting Street
Sheffield
S8 9QR
2 of 5
3
Notes to the Abbreviated Financial Statements
Dribond Systems Limited
For the period ended 28 February 2013
Abbreviated Balance Sheet
Dribond Systems Limited
As at 28 February 2013
07556444
Registered Number :
£
£
2013
Notes
2012
Fixed assets
Tangible assets
3
37,172
21,661
37,172
21,661
Current assets
Stocks
1,525
609
Debtors
4
3,525
4,020
Cash at bank and in hand
-
40,367
4,629
45,417
Creditors: amounts falling due within one year
5
(48,923)
(41,188)
(3,506)
(36,559)
Net current liabilities
Total assets less current liabilities
613
18,155
613
Net assets
18,155
Capital and reserves
Called up share capital
100
6
100
Profit and loss account
513
18,055
613
18,155
Shareholders funds
For the period ended 28 February 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476,
2) 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 03 December 2013
Mr.Alan Wallis Director
Signed on behalf of the board of directors
3 of 5
4
Notes to the Abbreviated Financial Statements
Dribond Systems Limited
For the period ended 28 February 2013
1 Accounting Policies
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the
shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
Motor Vehicles
25 Reducing balance
Stocks and work in progress
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 costs and an appropriate proportion of fixed and variable overheads.
3 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
28,882
At 01 April 2012
43,300
Additions
(28,882)
Disposals
At 28 February 2013
43,300
Depreciation
7,221
At 01 April 2012
(7,221)
Disposals
6,128
Charge for period
6,128
At 28 February 2013
Net book values
At 28 February 2013
37,172
21,661
At 31 March 2012
4 of 5
5
Notes to the Abbreviated Financial Statements
Dribond Systems Limited
For the period ended 28 February 2013
6 Share capital
Allotted called up and fully paid
2013
2012
£
£
1 Class A shares of £1.00 each
1
1
1
1
5 of 5