Doughty & Son Engineering Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11952892 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2021

FOR

DOUGHTY & SON ENGINEERING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D S Doughty

REGISTERED OFFICE:

2a Acomb Court

Front Street

Acomb

York

North Yorkshire

YO24 3BJ

REGISTERED NUMBER:

11952892 (England and Wales)

ACCOUNTANTS:

Smith Wilson Limited

2A Acomb Court

Acomb

York

North Yorkshire

YO24 3BJ

FIXED ASSETS

Tangible assets

4

10,933

-

CURRENT ASSETS

Debtors

5

11,456

1,316

Cash at bank

6,099

8,595

17,555

9,911

CREDITORS

Amounts falling due within one year

6

12,905

8,030

NET CURRENT ASSETS

4,650

1,881

TOTAL ASSETS LESS CURRENT LIABILITIES

15,583

1,881

CREDITORS

Amounts falling due after more than one year

7

13,000

-

NET ASSETS

2,583

1,881

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

2,483

1,781

SHAREHOLDERS' FUNDS

2,583

1,881

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2022 and were signed by:

Mr D S Doughty - Director

1.	STATUTORY INFORMATION

Doughty & Son Engineering 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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

14,578

At 30 April 2021

14,578

DEPRECIATION

Charge for year

3,645

At 30 April 2021

3,645

NET BOOK VALUE

At 30 April 2021

10,933

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

-

1,316

VAT

11,456

-

11,456

1,316

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Tax

-

887

Social security and other taxes

224

224

VAT

-

1,929

Directors' current accounts

11,601

4,540

Accruals and deferred income

1,080

450

12,905

8,030

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 2-5 years

13,000

-

8.

RESERVES

Retained

earnings

£

At 1 May 2020

1,781

Profit for the year

6,702

Dividends

(6,000

)

At 30 April 2021

2,483