Duke Austin and Company Limited - Accounts to registrar (filleted) - small 18.2

Duke Austin and Company Limited - Accounts to registrar (filleted) - small 18.2

DUKE AUSTIN & COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 03888903 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2020

FOR

DUKE AUSTIN AND COMPANY LIMITED
DUKE AUSTIN AND COMPANY LIMITED (REGISTERED NUMBER: 03888903)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DUKE AUSTIN AND COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2020







DIRECTORS: W R Austin
Mrs L D Austin
M R Goodwin





SECRETARY: M R Goodwin





REGISTERED OFFICE: The Observatory
Frith Common
Tenbury Wells
Worcestershire
WR15 8JX





REGISTERED NUMBER: 03888903 (England and Wales)





ACCOUNTANTS: Kimberlee & Co
Chartered Accountants
Hunt House Farm
Frith Common
Tenbury Wells
Worcestershire
WR15 8JY
Page 1
DUKE AUSTIN AND COMPANY LIMITED (REGISTERED NUMBER: 03888903)

BALANCE SHEET
31 JANUARY 2020

31.1.20 31.1.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,383 44,217

CURRENT ASSETS
Debtors 5 124,303 126,671
Cash at bank 64,115 86,024
188,418 212,695
CREDITORS
Amounts falling due within one year 6 157,649 166,676
NET CURRENT ASSETS 30,769 46,019
TOTAL ASSETS LESS CURRENT
LIABILITIES
124,152
90,236

CREDITORS
Amounts falling due after more than one
year
7
(33,319
)
-

PROVISIONS FOR LIABILITIES (262 ) -
NET ASSETS 90,571 90,236

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 89,471 89,136
SHAREHOLDERS' FUNDS 90,571 90,236

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2020 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 notes form part of these financial statements

Page 2 continued...
DUKE AUSTIN AND COMPANY LIMITED (REGISTERED NUMBER: 03888903)

BALANCE SHEET - continued
31 JANUARY 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 1 June 2020 and were
signed on its behalf by:





W R Austin - Director


The notes form part of these financial statements

Page 3
DUKE AUSTIN AND COMPANY LIMITED (REGISTERED NUMBER: 03888903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2020

1. STATUTORY INFORMATION

Duke Austin and 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.

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.
Land and buildings - 5% on reducing balance
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

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.

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 6 (2019 - 6 ) .

Page 4 continued...
DUKE AUSTIN AND COMPANY LIMITED (REGISTERED NUMBER: 03888903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2020

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2019 31,386 46,091 77,477
Additions - 64,145 64,145
Disposals - (1,482 ) (1,482 )
At 31 January 2020 31,386 108,754 140,140
DEPRECIATION
At 1 February 2019 14,121 19,139 33,260
Charge for year 1,569 12,991 14,560
Eliminated on disposal - (1,063 ) (1,063 )
At 31 January 2020 15,690 31,067 46,757
NET BOOK VALUE
At 31 January 2020 15,696 77,687 93,383
At 31 January 2019 17,265 26,952 44,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.20 31.1.19
£    £   
Trade debtors 120,245 124,621
Other debtors 4,058 2,050
124,303 126,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.20 31.1.19
£    £   
Hire purchase contracts 8,188 -
Trade creditors 116,599 144,367
Taxation and social security 29,146 18,648
Other creditors 3,716 3,661
157,649 166,676

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.20 31.1.19
£    £   
Hire purchase contracts 33,319 -

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W R Austin.

Page 5