Dutton & Haddy R E S & Technologies Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07577101 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

DUTTON & HADDY - RENEWABLE ENERGY

SERVICES & TECHNOLOGIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P Dutton

Mr M Clare

Mr A P S Dutton

REGISTERED OFFICE:

Unit 4 Brunel Buildings

Brunel Road

Newton Abbot

Devon

TQ12 4PB

REGISTERED NUMBER:

07577101 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Unit 4 Brunel Buildings

Brunel Road

Newton Abbot

Devon

TQ12 4PB

BANKERS:

Natwest Plc

15 Victoria Street

Paignton

Devon

TQ4 5DE

FIXED ASSETS

Tangible assets

4

15,222

8,745

CURRENT ASSETS

Stocks

5

1,050

1,000

Debtors

6

120,197

108,619

Cash at bank

80,139

64,797

201,386

174,416

CREDITORS

Amounts falling due within one year

7

66,021

65,769

NET CURRENT ASSETS

135,365

108,647

TOTAL ASSETS LESS CURRENT LIABILITIES

150,587

117,392

CREDITORS

Amounts falling due after more than one year

8

(8,846

)

(2,507

)

PROVISIONS FOR LIABILITIES

(2,892

)

(1,661

)

NET ASSETS

138,849

113,224

CAPITAL AND RESERVES

Called up share capital

30

30

Retained earnings

138,819

113,194

SHAREHOLDERS' FUNDS

138,849

113,224

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2019 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 25 July 2019 and were signed on its behalf by:

Mr A P S Dutton - Director

Mr M Clare - Director

1.	STATUTORY INFORMATION

Dutton & Haddy - Renewable Energy Services & Technologies Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their estimated

useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.

The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2018 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2018

5,041

12,495

3,838

21,374

Additions

-

12,000

-

12,000

At 30 April 2019

5,041

24,495

3,838

33,374

DEPRECIATION

At 1 May 2018

2,603

7,224

2,802

12,629

Charge for year

488

4,318

717

5,523

At 30 April 2019

3,091

11,542

3,519

18,152

NET BOOK VALUE

At 30 April 2019

1,950

12,953

319

15,222

At 30 April 2018

2,438

5,271

1,036

8,745

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Motor

vehicles

£

COST

At 1 May 2018

12,495

Additions

12,000

At 30 April 2019

24,495

DEPRECIATION

At 1 May 2018

7,224

Charge for year

4,318

At 30 April 2019

11,542

NET BOOK VALUE

At 30 April 2019

12,953

At 30 April 2018

5,271

5.

STOCKS

2019

2018

£

£

Stocks

1,050

1,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

97,448

97,407

Other debtors

850

1,181

Directors' current accounts

15,362

-

VAT

3,925

7,669

Prepayments

2,612

2,362

120,197

108,619

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

5,228

2,858

Trade creditors

22,928

18,839

Tax

12,952

19,067

Social security and other taxes

24

-

Other creditors

2,453

6,058

Directors' current accounts

17,362

11,847

Accrued expenses

5,074

7,100

66,021

65,769

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

8,846

2,507

9.	OTHER FINANCIAL COMMITMENTS

At 30 April 2019, the company had total commitments under non-cancellable operating

leases over the remaining life of those leases of £300 (30 April 2018 - £300).

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended

30 April 2019 and 30 April 2018:

2019

2018

£

£

Mr P Dutton

Balance outstanding at start of year

(10,847

)

-

Amounts advanced

10,847

-

Amounts repaid

-

(10,847

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

(10,847

)

Mr A P S Dutton

Balance outstanding at start of year

(1,000

)

-

Amounts advanced

1,000

4,000

Amounts repaid

(17,362

)

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(17,362

)

(1,000

)

Mr M Clare

Balance outstanding at start of year

-

-

Amounts advanced

15,362

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,362

-

Loans are unsecured, interest free and repayable on demand.

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £34,810 (2018 - £75,097) were paid to the directors .