Daniels & Daniels Limited
Daniels & Daniels Limited
Registered number: 04905256
Unaudited Financial Statements
For The Year Ended 30 September 2019
ADS Accountancy Limited
Bezant House
Bradgate Park View
Chellaston
Derby
DE73 5UH
Daniels & Daniels Limited
Unaudited Financial Statements
For The Year Ended 30 September 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Daniels & Daniels Limited
Balance Sheet
As at
30 September 2019
Balance Sheet
Registered number:
04905256
For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2019 | 2018 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 5 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Revaluation reserve | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 216,147 | 212,218 | |||
Page 1
Daniels & Daniels Limited
Balance Sheet (continued)
As at
30 September 2019
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Daniels & Daniels Limited
Notes to the Financial Statements
For The Year Ended 30 September 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Computer Equipment |
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1.3.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
2.
Tangible Assets
The analysis of the cost or valuation of the above assets is as follows:
| Land & Property | |||
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| Freehold | Computer Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| As at |
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| Additions |
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| Depreciation | |||
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| Provided during the period |
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| Net Book Value | |||
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Page 3
Daniels & Daniels Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2019
| Land & Property | |||
|---|---|---|---|
| Freehold | Computer Equipment | Total | |
| £ | £ | £ | |
| As at |
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| At cost | - | 700 | 700 |
| At valuation | 495,000 | - | 495,000 |
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495,700 | |
| As at |
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| At cost | - | - | - |
| At valuation | 495,000 | - | 495,000 |
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495,000 | |
3.
Debtors
| 2019 | 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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4.
Creditors: Amounts Falling Due Within One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Bank loans and overdrafts |
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| Corporation tax |
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| Other creditors |
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| Accruals and deferred income |
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5.
Creditors: Amounts Falling Due After More Than One Year
| 2019 | 2018 | ||
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| £ | £ | ||
| Bank loans |
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| Other creditors |
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Page 4
Daniels & Daniels Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 September 2019
7.
Reserves
| Revaluation Reserve | |
|---|---|
| £ | |
| As at |
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| As at |
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8.
General Information
Daniels & Daniels Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04905256 . The registered office is 22 Kirby Lane, Kirby Muxloe, Leicester, LE9 2JG.
Page 5