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 2020





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 2020




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 2020







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 2020

31.1.20 31.1.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,738 14,206
Investment property 6 688,404 688,404
699,142 702,610

CURRENT ASSETS
Stocks 457,753 454,984
Debtors 1,036 851
Cash at bank 23,293 3,838
482,082 459,673
CREDITORS
Amounts falling due within one year 199,388 186,551
NET CURRENT ASSETS 282,694 273,122
TOTAL ASSETS LESS CURRENT
LIABILITIES
981,836
975,732

PROVISIONS FOR LIABILITIES 2,441 2,299
NET ASSETS 979,395 973,433

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 979,295 973,333
SHAREHOLDERS' FUNDS 979,395 973,433

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 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 2020


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2020 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 and authorised for issue on 6 May 2020 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 2020

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

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

Notes to the Financial Statements - continued
for the Year Ended 31 January 2020

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2019 28,332
Additions 2,316
Disposals (2,108 )
At 31 January 2020 28,540
DEPRECIATION
At 1 February 2019 14,126
Charge for year 3,676
At 31 January 2020 17,802
NET BOOK VALUE
At 31 January 2020 10,738
At 31 January 2019 14,206

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2019
and 31 January 2020 688,404
NET BOOK VALUE
At 31 January 2020 688,404
At 31 January 2019 688,404

Page 5