David James Estate Agents Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08439910 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2020

for

David James Estate Agents Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Roys

D J Radford

Mrs R J Roys

Mrs N M Taylor

REGISTERED OFFICE:

45B Plains Road

Mapperley

Nottingham

Nottinghamshire

NG3 5JU

REGISTERED NUMBER:

08439910 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Intangible assets

4

453,331

509,998

Property, plant and equipment

5

6,111

10,120

459,442

520,118

CURRENT ASSETS

Debtors

6

49,876

39,470

Prepayments and accrued income

6,666

6,701

Cash at bank and in hand

178,022

112,436

234,564

158,607

CREDITORS

Amounts falling due within one year

7

83,687

60,075

NET CURRENT ASSETS

150,877

98,532

TOTAL ASSETS LESS CURRENT LIABILITIES

610,319

618,650

ACCRUALS AND DEFERRED INCOME

9,490

9,088

NET ASSETS

600,829

609,562

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

600,729

609,462

SHAREHOLDERS' FUNDS

600,829

609,562

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 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 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 10 September 2020 and were signed on its behalf by:

D J Radford - Director

J Roys - Director

1.	STATUTORY INFORMATION

David James Estate Agents 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

Revenue is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on cost

Fixtures and fittings

-

20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

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 22 (2019 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2019

and 30 April 2020

850,000

AMORTISATION

At 1 May 2019

340,002

Charge for year

56,667

At 30 April 2020

396,669

NET BOOK VALUE

At 30 April 2020

453,331

At 30 April 2019

509,998

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 May 2019

89,972

Additions

613

At 30 April 2020

90,585

DEPRECIATION

At 1 May 2019

79,852

Charge for year

4,622

At 30 April 2020

84,474

NET BOOK VALUE

At 30 April 2020

6,111

At 30 April 2019

10,120

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

25,668

39,470

Other debtors

24,208

-

49,876

39,470

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

3,666

14,253

Taxation and social security

80,021

45,107

Other creditors

-

715

83,687

60,075

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

100

Ordinary

£1

100

100

9.	OTHER FINANCIAL COMMITMENTS

Total operating lease commitments which are not included in the balance sheet amount to £29,925

(2019 £51,904)