W J Dando Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01216562 (England and Wales)

W J Dando Limited

Unaudited Financial Statements

for the Year Ended 30 June 2020

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

R A Dando

R W J Dando

Mrs I M Dando

Secretary:

R A Dando

Registered office:

13 Hill End Lane

Mottram

Hyde

Cheshire

SK14 6JR

Registered number:

01216562 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

76 Manchester Road

Denton

Manchester

M34 3PS

Fixed assets

Tangible assets

4

1,463

1,829

Investment property

5

89,908

89,908

91,371

91,737

Current assets

Stocks

886

886

Debtors

6

191

50

Cash at bank

31,131

33,862

32,208

34,798

Creditors

Amounts falling due within one year

7

(9,487

)

(15,492

)

Net current assets

22,721

19,306

Total assets less current liabilities

114,092

111,043

Capital and reserves

Called up share capital

3

3

Undistributable reserves

2,210

2,210

Retained earnings

111,879

108,830

Shareholders' funds

114,092

111,043

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 7 April 2021 and were signed on its behalf by:

R A Dando - Director

1.	Statutory information

W J Dando 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.

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

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

3.	Employees and directors

The average number of employees during the year was 1 (2019 - 1 ) .

4.	Tangible fixed assets

Office

equipment

£

Cost

At 1 July 2019

and 30 June 2020

6,977

Depreciation

At 1 July 2019

5,148

Charge for year

366

At 30 June 2020

5,514

Net book value

At 30 June 2020

1,463

At 30 June 2019

1,829

5.	Investment property

Total

£

Fair value

At 1 July 2019

and 30 June 2020

89,908

Net book value

At 30 June 2020

89,908

At 30 June 2019

89,908

6.

Debtors: amounts falling due within one year

30.6.20

30.6.19

£

£

VAT

191

50

7.

Creditors: amounts falling due within one year

30.6.20

30.6.19

£

£

Other loans

-

292

Corporation tax

801

762

Social security and other taxes

79

39

Directors' current accounts

7,676

13,509

Accrued expenses

931

890

9,487

15,492