Nigel Dorothy Limited - Accounts to registrar (filleted) - small 18.2

Nigel Dorothy Limited - Accounts to registrar (filleted) - small 18.2

NIGEL DOROTHY LIMITED - Company Information

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REGISTERED NUMBER: 04947467 (England and Wales)















Nigel Dorothy Limited

Unaudited Financial Statements for the Year Ended 31 January 2019





Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF








Nigel Dorothy Limited (Registered number: 04947467)






Contents of the Financial Statements
for the Year Ended 31 January 2019




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Nigel Dorothy Limited

Company Information
for the Year Ended 31 January 2019







DIRECTOR: N Dorothy



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 04947467 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank plc
25 Cornhill
Bridgwater
Somerset
TA6 3AY
Page 1
Nigel Dorothy Limited (Registered number: 04947467)

Abridged Statement of Financial Position
31 January 2019

31.1.19 31.1.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 14,206 20,364
Investment property 6 688,404 688,404
702,610 708,768

CURRENT ASSETS
Stocks 454,984 444,700
Debtors 851 2,799
Cash at bank 3,838 147,438
459,673 594,937
CREDITORS
Amounts falling due within one year 186,551 329,905
NET CURRENT ASSETS 273,122 265,032
TOTAL ASSETS LESS CURRENT
LIABILITIES
975,732
973,800

PROVISIONS FOR LIABILITIES 2,299 3,469
NET ASSETS 973,433 970,331

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 973,333 970,231
SHAREHOLDERS' FUNDS 973,433 970,331

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 notes on pages 4 to 5 form part of these financial statements

Page 2 continued...
Nigel Dorothy Limited (Registered number: 04947467)

Abridged Statement of Financial Position - continued
31 January 2019


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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director on 9 May 2019 and were signed by:





N Dorothy - Director


The notes on pages 4 to 5 form part of these financial statements

Page 3
Nigel Dorothy Limited (Registered number: 04947467)

Notes to the Financial Statements
for the Year Ended 31 January 2019

1. STATUTORY INFORMATION

Nigel Dorothy 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Freehold property is not depreciated on the basis that the company has a policy and practice of regular
maintenance and repair that is at least equivalent to what depreciation would have been.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Page 4 continued...
Nigel Dorothy Limited (Registered number: 04947467)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2019

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 4 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2018 31,165
Disposals (2,833 )
At 31 January 2019 28,332
DEPRECIATION
At 1 February 2018 10,801
Charge for year 4,033
Eliminated on disposal (708 )
At 31 January 2019 14,126
NET BOOK VALUE
At 31 January 2019 14,206
At 31 January 2018 20,364

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2018
and 31 January 2019 688,404
NET BOOK VALUE
At 31 January 2019 688,404
At 31 January 2018 688,404

Page 5