Dartlets Ltd. Filleted accounts for Companies House (small and micro)

false false false false false false false false false true false false false true false false false No description of principal activity 2018-11-01 Sage Accounts Production Advanced 2019 - FRS102_2014 xbrli:pure xbrli:shares iso4217:GBP 03210820 2018-11-01 2019-10-31 03210820 2019-10-31 03210820 2018-10-31 03210820 2017-11-01 2018-10-31 03210820 2018-10-31 03210820 core:LandBuildings core:OwnedOrFreeholdAssets 2018-11-01 2019-10-31 03210820 core:FurnitureFittings 2018-11-01 2019-10-31 03210820 bus:OrdinaryShareClass1 2018-11-01 2019-10-31 03210820 bus:OrdinaryShareClass2 2018-11-01 2019-10-31 03210820 bus:Director1 2018-11-01 2019-10-31 03210820 bus:Director2 2018-11-01 2019-10-31 03210820 core:LandBuildings 2018-10-31 03210820 core:FurnitureFittings 2018-10-31 03210820 core:LandBuildings 2019-10-31 03210820 core:FurnitureFittings 2019-10-31 03210820 core:LandBuildings 2018-11-01 2019-10-31 03210820 core:WithinOneYear 2019-10-31 03210820 core:WithinOneYear 2018-10-31 03210820 core:ShareCapital 2019-10-31 03210820 core:ShareCapital 2018-10-31 03210820 core:RetainedEarningsAccumulatedLosses 2019-10-31 03210820 core:RetainedEarningsAccumulatedLosses 2018-10-31 03210820 core:AfterOneYear 2018-10-31 03210820 core:LandBuildings 2018-10-31 03210820 core:FurnitureFittings 2018-10-31 03210820 bus:SmallEntities 2018-11-01 2019-10-31 03210820 bus:AuditExemptWithAccountantsReport 2018-11-01 2019-10-31 03210820 bus:FullAccounts 2018-11-01 2019-10-31 03210820 bus:SmallCompaniesRegimeForAccounts 2018-11-01 2019-10-31 03210820 bus:PrivateLimitedCompanyLtd 2018-11-01 2019-10-31 03210820 bus:OrdinaryShareClass1 2019-10-31 03210820 bus:OrdinaryShareClass1 2018-10-31 03210820 bus:OrdinaryShareClass2 2019-10-31 03210820 bus:AllOrdinaryShares 2019-10-31 03210820 bus:AllOrdinaryShares 2018-10-31 03210820 core:FurnitureFittingsToolsEquipment 2018-11-01 2019-10-31 03210820 core:FurnitureFittingsToolsEquipment 2018-10-31 03210820 core:FurnitureFittingsToolsEquipment 2019-10-31 03210820 bus:Director1 2018-10-31

COMPANY REGISTRATION NUMBER: 03210820

Dartlets Ltd.

Filleted Unaudited Financial Statements

31 October 2019

Dartlets Ltd.

Financial Statements

Year ended 31 October 2019

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Dartlets Ltd.

Statement of Financial Position

31 October 2019

	2019		2018
Note	£	£	£	£

Fixed assets

Tangible assets	5		278,145		286,304

Current assets

Debtors	6	810	17,223
Cash at bank and in hand		19,932	17,266
		--------	--------
		20,742	34,489

Creditors: amounts falling due within one year	7	78,892		92,128
		--------		--------
Net current liabilities			58,150		57,639
			---------		---------
Total assets less current liabilities			219,995		228,665

Provisions

Taxation including deferred tax	246	–
	---------	---------
Net assets	219,749	228,665
	---------	---------

Dartlets Ltd.

Statement of Financial Position (continued)

31 October 2019

	2019		2018
Note	£	£	£	£

Capital and reserves

Called up share capital	8	196,000	195,000
Profit and loss account		23,749	33,665
		---------	---------
Shareholders funds		219,749	228,665
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 24 July 2020 , and are signed on behalf of the board by:

A D Showell C E D Showell

Director Director

Company registration number: 03210820

Dartlets Ltd.

Notes to the Financial Statements

Year ended 31 October 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Dart House, Paignton Road, Stoke Gabriel, Totnes, Devon, TQ9 6SL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents amounts of rent receivable for the year.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Furniture, Fixtures and Fittings	-	25% reducing balance
Equipment	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2018: 3 ).

5. Tangible assets

	Land and buildings	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 November 2018	412,217	29,517	26,253	467,987
Additions	–	913	1,199	2,112
	---------	--------	--------	---------
At 31 October 2019	412,217	30,430	27,452	470,099
	---------	--------	--------	---------
Depreciation
At 1 November 2018	131,904	29,102	20,677	181,683
Charge for the year	8,245	332	1,694	10,271
	---------	--------	--------	---------
At 31 October 2019	140,149	29,434	22,371	191,954
	---------	--------	--------	---------
Carrying amount
At 31 October 2019	272,068	996	5,081	278,145
	---------	--------	--------	---------
At 31 October 2018	280,313	415	5,576	286,304
	---------	--------	--------	---------

6. Debtors

	2019	2018
	£	£
Other debtors	810	17,223
	----	--------

The debtors above include the following amounts falling due after more than one year:

	2019	2018
	£	£
Other debtors	–	770
	----	----

7. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	5,352	4,401
Other creditors	73,540	87,727
	--------	--------
	78,892	92,128
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	2019		2018
	No.	£	No.	£
Ordinary shares of £ 1 each	195,000	195,000	195,000	195,000
Ordinary A shares of £ 1 each	1,000	1,000	–	–
	---------	---------	---------	---------
	196,000	196,000	195,000	195,000
	---------	---------	---------	---------

9. Directors' advances, credits and guarantees

During the year the company received repayments of advances to directors. The balance at the beginning of the year was £ 10,150 . Repayments of £ 10,150 were made during the year. The balance at the year end was £nil. The advances were made interest free and are repayable on demand.