T J Darby Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09568616 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2020

for

T J Darby Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T J Darby

Mrs M Darby

SECRETARY:

REGISTERED OFFICE:

Charnwood Accountants LLP

The Point

Granite Way

Mountsorrel, Loughborough

Leicestershire

LE12 7TZ

REGISTERED NUMBER:

09568616 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Intangible assets

4

162,605

111,764

CURRENT ASSETS

Debtors

5

234,691

74,700

Cash at bank

4,973

3,875

239,664

78,575

CREDITORS

Amounts falling due within one year

6

297,480

157,123

NET CURRENT LIABILITIES

(57,816

)

(78,548

)

TOTAL ASSETS LESS CURRENT LIABILITIES

104,789

33,216

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

104,689

33,116

SHAREHOLDERS' FUNDS

104,789

33,216

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 March 2021 and were signed on its behalf by:

T J Darby - Director

1.	STATUTORY INFORMATION

T J Darby 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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.

Turnover

Turnover represents net sales of goods and services and profit share from an interest in a Limited Liability Partnership.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2019

159,663

Additions

103,467

At 30 June 2020

263,130

AMORTISATION

At 1 July 2019

47,899

Charge for year

52,626

At 30 June 2020

100,525

NET BOOK VALUE

At 30 June 2020

162,605

At 30 June 2019

111,764

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Other debtors

234,691

74,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.20

30.6.19

£

£

Taxation and social security

44,995

25,275

Other creditors

252,485

131,848

297,480

157,123

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2020 and 30 June 2019:

30.6.20

30.6.19

£

£

T J Darby and Mrs M Darby

Balance outstanding at start of year

(29,932

)

(22,062

)

Amounts advanced

52,389

70,976

Amounts repaid

(66,000

)

(78,846

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(43,543

)

(29,932

)

8.	RELATED PARTY DISCLOSURES

The company also holds a share in Harlows Kidderminster LLP. During the year the company received income from Harlows Kidderminster LLP amounting to £253,644 ( 2019 - £151,098 ).

At the end of the year Harlows Kidderminster LLP owed monies to the company of £234,692 (2019 - £74,700).

During this accounting year T J Darby Ltd acquired an additional 10% share in Harlows Kidderminster LLP from Harlow Bros Holdings Ltd one of the other partners of the Limited Liability partnership for the sum agreed of £103,669.

At the end of the year the company still owed Harlow Bros Holding Ltd the amount of £208,942 (2019 - £101,915).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is T J Darby.