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REGISTERED NUMBER: 01315744 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Dub'l Lif (Taunton) Limited

Dub'l Lif (Taunton) Limited (Registered number: 01315744)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Dub'l Lif (Taunton) Limited

Company Information
for the Year Ended 31 March 2018







DIRECTORS: Mrs P M King
Ms S L King
Mrs A J Hussey
A J Bonfield
M Petrich





REGISTERED OFFICE: Belvedere Trading Estate
TAUNTON
Somerset
TA1 1BH





REGISTERED NUMBER: 01315744 (England and Wales)





ACCOUNTANTS: A C Mole & Sons
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Dub'l Lif (Taunton) Limited (Registered number: 01315744)

Balance Sheet
31 March 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,887 54,205

CURRENT ASSETS
Stocks 5 123,845 139,532
Debtors 6 111,165 117,835
Cash at bank and in hand 207,380 129,751
442,390 387,118
CREDITORS
Amounts falling due within one year 7 150,641 140,001
NET CURRENT ASSETS 291,749 247,117
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,636

301,322

PROVISIONS FOR LIABILITIES 7,880 10,404
NET ASSETS 329,756 290,918

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 328,756 289,918
SHAREHOLDERS' FUNDS 329,756 290,918

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 October 2018 and were signed on its behalf by:



M Petrich - Director


Dub'l Lif (Taunton) Limited (Registered number: 01315744)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Dub'l Lif (Taunton) Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

The percentage of turnover exported was 10.2% (2017 - 10.8%).

Tangible fixed assets
Tangible assets are initially recognised at cost. Depreciation is provided at the following annual rates in order to
write off each asset over its estimated useful economic life.

Plant and machinery- 15% on reducing balance
Computer equipment- 33% on cost
Motor vehicles- 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

The pension cost charge represents contributions payable by the company and amounted to £7,127 (2017 -
£6,413).

Dub'l Lif (Taunton) Limited (Registered number: 01315744)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange
ruling at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are
retranslated into sterling at the balance sheet date. Exchange differences are included in the profit and loss
account for the corresponding period.

Financial instruments
i) Financial assets
Basic financial assets, including trade and other receivables and cash and bank balances are initially recognised
at transaction price and subsequently measured at amortised cost.

At the balance sheet date financial assets are assessed for evidence of impairment. If an asset is impaired the
impairment loss is recognised in the income statement.

ii) Financial liabilities
Basic financial liabilities, including trade and other payables and directors loans, are initially recognised at
transaction price and subsequently measured at amortised cost.

Critical accounting policies and estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions
that affect the application of policies and reported amounts of assets and liabilities, income and expenses.

Estimates and judgements are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under the circumstances.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will,
by definition, seldom equal the related actual results. The directors are of the opinion that there are no estimates
or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and
liabilities within the next financial year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2017 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2017
and 31 March 2018 299,237
DEPRECIATION
At 1 April 2017 245,032
Charge for year 8,318
At 31 March 2018 253,350
NET BOOK VALUE
At 31 March 2018 45,887
At 31 March 2017 54,205

Dub'l Lif (Taunton) Limited (Registered number: 01315744)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

5. STOCKS
2018 2017
£    £   
Finished goods 75,204 92,331
Raw materials 48,641 47,201
123,845 139,532

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 96,093 102,617
Other debtors 15,072 15,218
111,165 117,835

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 33,156 -
Tax 16,029 12,661
Other taxes and social security 12,376 16,796
Other creditors 11,963 11,445
Director's current account 77,117 99,099
150,641 140,001

The Director's Current Account is interest-free and repayable on demand.