Phil Dennis Motor Services Ltd,Ltd - AccountsLtd - Accounts

Phil Dennis Motor Services Ltd,Ltd - AccountsLtd - Accounts

PHIL DENNIS MOTOR SERVICES LIMITED - Company Information

Print Friendly Version

2019-04-01 04669874 2020-03-31 04669874 2019-04-01 2020-03-31 04669874 2019-03-31 04669874 2018-04-01 2019-03-31 04669874 uk-core:WithinOneYear 2019-03-31 04669874 uk-core:WithinOneYear 2020-03-31 04669874 uk-core:AfterOneYear 2019-03-31 04669874 uk-core:AfterOneYear 2020-03-31 04669874 uk-core:ShareCapital 2020-03-31 04669874 uk-core:ShareCapital 2019-03-31 04669874 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 04669874 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 04669874 uk-bus:Director1 2019-04-01 2020-03-31 04669874 uk-core:NetGoodwill 2019-04-01 2020-03-31 04669874 uk-core:ToolsEquipment 2019-04-01 2020-03-31 04669874 uk-core:CommercialMotorVehicles 2019-04-01 2020-03-31 04669874 uk-core:FurnitureFittings 2019-04-01 2020-03-31 04669874 uk-core:Goodwill 2019-03-31 04669874 uk-core:Goodwill 2020-03-31 04669874 uk-core:Goodwill 2019-04-01 2020-03-31 04669874 uk-core:ToolsEquipment 2019-03-31 04669874 uk-core:FurnitureFittings 2019-03-31 04669874 uk-core:CommercialMotorVehicles 2019-03-31 04669874 uk-core:CommercialMotorVehicles 2020-03-31 04669874 uk-core:FurnitureFittings 2020-03-31 04669874 uk-core:ToolsEquipment 2020-03-31 iso4217:GBP xbrli:pure 04669874 uk-bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 04669874 uk-bus:FRS102 2019-04-01 2020-03-31 04669874 uk-bus:FullAccounts 2019-04-01 2020-03-31 04669874 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
Draft
Phil Dennis Motor Services Ltd
Registered Number:04669874
For the year ended 31 March 2020
England and Wales
Unaudited Financial Statements
2
Draft
Registered Number :
04669874
As at 31 March 2020
Phil Dennis Motor Services Ltd
Statement of Financial Position
£
£
2019
2020
Notes
Fixed assets
Intangible assets
4,625
6,125
2
Property, plant and equipment
23,090
27,749
3
27,715
33,874
Current assets
Inventories
1,000
1,000
4
Trade and other receivables
4,643
594
5
5,873
Cash and cash equivalents
8,867
10,461
11,516
Trade and other payables: amounts falling due within one
year
(23,515)
(20,874)
6
(11,999)
(10,413)
Net current liabilities
Total assets less current liabilities
17,302
21,875
Trade and other payables: amounts falling due after more
than one year
(11,869)
(8,229)
7
9,073
Net assets
10,006
Capital and reserves
Called up share capital
2
2
Retained earnings
9,071
10,004
9,073
10,006
Shareholders' funds
For the year ended 31 March 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Philip David Dennis Director
These financial statements were approved and authorised for issue by the Board on 07 December 2020 and were signed by:
1 of 5
3
Draft
Registered Number :
04669874
For the year ended 31 March 2020
Phil Dennis Motor Services Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
4
Draft
For the year ended 31 March 2020
Phil Dennis Motor Services Ltd
Notes to the Financial Statements
Statutory Information
Phil Dennis Motor Services Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04669874.
Registered address:
9 Littlecote Road
Chippenham
Wiltshire
SN14 0NY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 0 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Straight line
Computer equipment
20% Reducing balance
Motor vehicles
10% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
3 of 5
5
Draft
For the year ended 31 March 2020
Phil Dennis Motor Services Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2019
30,000
At 31 March 2020
30,000
Amortisation
At 01 April 2019
23,875
1,500
Charge for year
At 31 March 2020
25,375
Net book value
At 31 March 2020
4,625
At 31 March 2019
6,125
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
£
£
£
£
Cost or
valuation
At 01 April 2019
79,980
3,814
11,335
64,831
690
190
-
500
Additions
At 31 March 2020
65,331
11,335
4,004
80,670
Provision for depreciation and impairment
At 01 April 2019
52,231
3,352
7,947
40,932
Charge for year
5,349
130
339
4,880
At 31 March 2020
57,580
3,482
8,286
45,812
At 31 March 2020
Net book value
19,519
3,049
522
23,090
At 31 March 2019
23,899
3,388
462
27,749
4. Inventories
2019
2020
£
£
Stocks
1,000
1,000
4 of 5
6
Draft
For the year ended 31 March 2020
Phil Dennis Motor Services Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2019
2020
£
£
Trade debtors
594
4,643
6. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
5,384
7,542
Taxation and social security
10,909
11,516
Other creditors
4,581
4,457
20,874
23,515
7. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Other creditors
8,229
11,869
8. Average number of persons employed
During the year the average number of employees was 2 (2019 : 2)
5 of 5