D'Ovidio Bros. Limited Small abridged accounts
D'Ovidio Bros. Limited Small abridged accounts
Statement of Consent to Prepare Abridged Financial Statements |
COMPANY REGISTRATION NUMBER:
01859144
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Abridged Financial Statements |
Year ended 31 May 2018
Contents |
Pages |
Officers and professional advisers |
1 |
Chartered accountant's report to the director on the preparation of the unaudited statutory abridged financial statements |
2 |
Abridged statement of financial position |
3 to 4 |
Notes to the abridged financial statements |
5 to 9 |
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Officers and Professional Advisers |
Director |
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Registered office |
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Accountants |
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Chartered accountant |
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Mill Street Business Centre |
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55a High Street |
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Wells |
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Somerset |
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BA5 2AE |
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Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Abridged Financial Statements of
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Year ended 31 May 2018
Mill Street Business Centre
55a High Street
Wells
Somerset
BA5 2AE
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Abridged Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
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Investments |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
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Net current assets |
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Total assets less current liabilities |
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Provisions
Taxation including deferred tax |
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Net assets |
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Abridged Statement of Financial Position (continued) |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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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 abridged financial statements
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These abridged financial statements were approved by the
board of directors
and authorised for issue on
28 February 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
01859144
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Notes to the Abridged Financial Statements |
Year ended 31 May 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Worth House, Worth, Nr Wells, Somerset, BA5 1LW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery |
- |
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Motor Vehicles |
- |
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Impairment of fixed assets
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
20
(2017:
21
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5.
Tangible assets
£ |
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Cost |
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At 1 June 2017 |
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Additions |
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At 31 May 2018 |
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Depreciation |
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At 1 June 2017 |
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Charge for the year |
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At 31 May 2018 |
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Carrying amount |
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At 31 May 2018 |
1,047,677 |
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At 31 May 2017 |
1,053,067 |
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6.
Investments
2018 |
2017 |
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£ |
£ |
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Other investments |
1,861 |
1,861 |
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7.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2018 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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2017 |
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Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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(
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(
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--------- |
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8.
Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value |
Balance owed by/(owed to) |
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2018 |
2017 |
2018 |
2017 |
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£ |
£ |
£ |
£ |
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(
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(
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(
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Control The company was under the control of Mr
T D'Ovidio
throughout the current and previous year. Mr T D'Ovidio
is the managing director and majority shareholder.