D. Connold & Company Limited - Accounts to registrar (filleted) - small 18.2
D. Connold & Company Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| D. CONNOLD & COMPANY LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 JUNE 2019 |
| D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| D. CONNOLD & COMPANY LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 June 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 2 Victoria Road |
| Harpenden |
| Hertfordshire |
| AL5 4EA |
| D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343) |
| STATEMENT OF FINANCIAL POSITION |
| 30 June 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Non distributable reserves | 10 |
| Retained earnings | 10 | 314,991 | 401,855 |
| SHAREHOLDERS' FUNDS |
| 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. |
| D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 30 June 2019 |
| 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 |
| D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 June 2019 |
| 1. | STATUTORY INFORMATION |
| D.Connold & Company 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. |
| The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound. |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Income recognition |
| Income is recognised when services have been delivered to customers such that risks and rewards of ownership have |
| transferred to them. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or |
| past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have |
| been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of |
| current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing |
| differences are differences between taxable profits and total comprehensive income as stated in the financial statements that |
| arise from the inclusion of income and expense in tax assessments in periods different from those in which they are |
| recognised in the financial statements. 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. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet |
| date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible |
| fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. |
| 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. |
| Investment properties |
| Investment properties are revalued annually and the aggregate surplus or deficit is transferred to the profit and loan account. |
| D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2019 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Investment | and |
| properties | fittings | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 July 2018 |
| Revaluations | ( |
) | ( |
) |
| At 30 June 2019 |
| DEPRECIATION |
| At 1 July 2018 |
| Charge for year |
| At 30 June 2019 |
| NET BOOK VALUE |
| At 30 June 2019 |
| At 30 June 2018 |
| Cost or valuation at 30 June 2019 is represented by: |
| Fixtures |
| Investment | and |
| properties | fittings | Totals |
| £ | £ | £ |
| Valuation in 2019 | 500,518 | - | 500,518 |
| Cost | 1,304,482 | 4,941 | 1,309,423 |
| 1,805,000 | 4,941 | 1,809,941 |
| If investment properties had not been revalued they would have been included at the following historical cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 1,304,482 | 1,304,482 |
| Freehold Investment Properties were valued on an open market value basis on 30 June 2019 by the directors. . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| D. CONNOLD & COMPANY LIMITED (REGISTERED NUMBER: 01412343) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 June 2019 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans - over 5 years |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2019 | 2018 |
| £ | £ |
| Bank loans |
| The bank loans are secured by a charge over the company's freehold and leasehold investment property. Personal |
| guarantees have also been given by the directors. |
| 10. | RESERVES |
| Non |
| Retained | distributable |
| earnings | reserves | Totals |
| £ | £ | £ |
| At 1 July 2018 | 881,923 |
| Deficit for the year | ( |
) | ( |
) |
| Transfer | 24,793 | (24,793 | ) | - |
| At 30 June 2019 | 770,266 |
| 11. | RELATED PARTY DISCLOSURES |
| The directors operate a loan account with the company which is interest free and repayable on demand. During the year |
| brought forward loans in aggregate of £47,662 were repaid by the company. |