Dutton & Haddy R E S & Technologies Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07577101 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2020

FOR

DUTTON & HADDY - RENEWABLE ENERGY

SERVICES & TECHNOLOGIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A P S Dutton

REGISTERED OFFICE:

Unit 4 Brunel Buildings

Brunel Road

Newton Abbot

Devon

TQ12 4PB

REGISTERED NUMBER:

07577101 (England and Wales)

ACCOUNTANTS:

Marsland Nash Associates

Chartered Tax Advisers, Accountants

and Business Consultants

Unit 4 Brunel Buildings

Brunel Road

Newton Abbot

Devon

TQ12 4PB

BANKERS:

Natwest Plc

15 Victoria Street

Paignton

Devon

TQ4 5DE

FIXED ASSETS

Tangible assets

4

11,330

15,222

CURRENT ASSETS

Stocks

5

1,050

1,050

Debtors

6

50,517

120,197

Cash at bank

97,627

80,139

149,194

201,386

CREDITORS

Amounts falling due within one year

7

120,588

66,021

NET CURRENT ASSETS

28,606

135,365

TOTAL ASSETS LESS CURRENT LIABILITIES

39,936

150,587

CREDITORS

Amounts falling due after more than one year

8

(5,916

)

(8,846

)

PROVISIONS FOR LIABILITIES

(2,153

)

(2,892

)

NET ASSETS

31,867

138,849

CAPITAL AND RESERVES

Called up share capital

14

30

Capital redemption reserve

(126,684

)

-

Retained earnings

158,537

138,819

SHAREHOLDERS' FUNDS

11

31,867

138,849

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 August 2020 and were signed by:

Mr A P S Dutton - Director

1.	STATUTORY INFORMATION

DUTTON & HADDY - RENEWABLE ENERGY SERVICES & TECHNOLOGIES LTD 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Government grants

During the year, the company received the following Grants in respect of COVID-19:

Job Retention Scheme £13,232

Business Rates Grant £10,000

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 Statement

of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period.

The capital element of the future payments is treated as a liability.

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 10 (2019 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2019

and 30 April 2020

5,041

24,495

3,838

33,374

DEPRECIATION

At 1 May 2019

3,091

11,542

3,519

18,152

Charge for year

390

3,238

264

3,892

At 30 April 2020

3,481

14,780

3,783

22,044

NET BOOK VALUE

At 30 April 2020

1,560

9,715

55

11,330

At 30 April 2019

1,950

12,953

319

15,222

Fixed assets, included in the above, which are held under hire purchase contracts are as

follows:

Motor

vehicles

£

COST

At 1 May 2019

and 30 April 2020

24,495

DEPRECIATION

At 1 May 2019

11,542

Charge for year

3,238

At 30 April 2020

14,780

NET BOOK VALUE

At 30 April 2020

9,715

At 30 April 2019

12,953

5.

STOCKS

2020

2019

£

£

Stocks

1,050

1,050

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

42,654

97,448

Other debtors

450

850

Directors' current accounts

-

15,362

VAT

4,542

3,925

Prepayments

2,871

2,612

50,517

120,197

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

2,930

5,228

Trade creditors

10,244

22,928

Tax

9,248

12,952

Social security and other taxes

2,986

24

Other creditors

90,743

2,453

Directors' current accounts

2,000

17,362

Accrued expenses

2,437

5,074

120,588

66,021

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

5,916

8,846

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

30 April 2020 and 30 April 2019:

2020

2019

£

£

Mr A P S Dutton

Balance outstanding at start of year

(17,362

)

(1,000

)

Amounts advanced

25,362

1,000

Amounts repaid

(10,000

)

(17,362

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(2,000

)

(17,362

)

Loans are unsecured, interest free and repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 (2019 - £34,810) were paid to the directors .

Included in other creditors are amounts owed to Mr P Dutton £45,281 and Mr M Clare

£45,000, both whom were directors of the company but resigned on 10 October 2019.

11.	RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS

2020

2019

£

£

Profit for the financial year

36,273

60,435

Dividends

(16,555

)

(34,810

)

19,718

25,625

Payments to acquire own shares

(126,700

)

-

Retained earnings brought forward

-

113,224

Net (reduction)/addition to shareholders' funds

(106,982

)

138,849

Opening shareholders' funds

138,849

-

Closing shareholders' funds

31,867

138,849