Darnbrough and Co Ltd - Filleted accounts

Darnbrough and Co Ltd - Filleted accounts

DARNBROUGH & CO LTD - Company Information

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Registered number
06779780
Darnbrough and Co Ltd
Filleted Accounts
31 December 2018
Darnbrough and Co Ltd
Registered number: 06779780
Balance Sheet
as at 31 December 2018
Notes 2018 2017
£ £
Fixed assets
Intangible assets 3 140,000 145,379
Tangible assets 4 4,578 3,845
144,578 149,224
Current assets
Debtors 5 43,893 51,726
Cash at bank and in hand 16,191 21,557
60,084 73,283
Creditors: amounts falling due within one year 6 (203,576) (220,618)
Net current liabilities (143,492) (147,335)
Net assets 1,086 1,889
Capital and reserves
Called up share capital 100 100
Profit and loss account 986 1,789
Shareholders' funds 1,086 1,889
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J A Darnbrough
Director
Approved by the board on 6 March 2019
Darnbrough and Co Ltd
Notes to the Accounts
for the year ended 31 December 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2018 2017
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2018 249,220
At 31 December 2018 249,220
Amortisation
At 1 January 2018 103,841
Provided during the year 5,379
At 31 December 2018 109,220
Net book value
At 31 December 2018 140,000
At 31 December 2017 145,379
Goodwill is being written off in equal annual instalments until it's realistic realisable value is reached.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2018 16,718 1,000 17,718
Additions 2,259 - 2,259
At 31 December 2018 18,977 1,000 19,977
Depreciation
At 1 January 2018 13,435 438 13,873
Charge for the year 1,385 141 1,526
At 31 December 2018 14,820 579 15,399
Net book value
At 31 December 2018 4,157 421 4,578
At 31 December 2017 3,283 562 3,845
5 Debtors 2018 2017
£ £
Trade debtors 18,889 22,254
Amounts recoverable on Contracts 23,200 31,800
Bad debt provision (833) (4,492)
Other debtors 2,637 2,164
43,893 51,726
6 Creditors: amounts falling due within one year 2018 2017
£ £
Bank loans and overdrafts - 15,234
Trade creditors (19) 210
Taxation and social security costs 22,326 24,409
Director's loan account 180,624 180,095
Other creditors 645 670
203,576 220,618
7 Loans 2018 2017
£ £
Creditors include:
Secured bank loans - 15,234
8 Other information
Darnbrough and Co Ltd is a private company limited by shares and incorporated in England. Its registered office is:
8 York Place
Knaresborough
HG5 0AA
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