Naylor Devlin Ltd - Accounts to registrar (filleted) - small 18.2
Naylor Devlin Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Naylor Devlin Ltd |
| Unaudited Financial Statements for the Year Ended 31 October 2020 |
| Naylor Devlin Ltd (Registered number: NI062152) |
| Contents of the Financial Statements |
| for the year ended 31 October 2020 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| Naylor Devlin Ltd |
| Company Information |
| for the year ended 31 October 2020 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Certified Accountants |
| Oakmont House |
| 2 Queens Road |
| Lisburn |
| BT27 4TZ |
| Bankers: |
| 28 University Road |
| Belfast |
| BT7 1NH |
| Naylor Devlin Ltd (Registered number: NI062152) |
| Balance Sheet |
| 31 October 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Capital and reserves |
| Called up share capital | 9 |
| Retained earnings |
| Shareholders' funds |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Naylor Devlin Ltd (Registered number: NI062152) |
| Notes to the Financial Statements |
| for the year ended 31 October 2020 |
| 1. | Statutory information |
| Naylor Devlin Ltd is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| 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 |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Work in progress is valued at the lower of cost and net realisable value. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
| 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 |
| Naylor Devlin Ltd (Registered number: NI062152) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2020 |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 November 2019 |
| and 31 October 2020 |
| Amortisation |
| At 1 November 2019 |
| and 31 October 2020 |
| Net book value |
| At 31 October 2020 |
| At 31 October 2019 |
| 5. | Tangible fixed assets |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| Cost |
| At 1 November 2019 |
| Additions |
| At 31 October 2020 |
| Depreciation |
| At 1 November 2019 |
| Charge for year |
| At 31 October 2020 |
| Net book value |
| At 31 October 2020 |
| At 31 October 2019 |
| 6. | Stocks |
| 2020 | 2019 |
| £ | £ |
| Work-in-progress |
| 7. | Debtors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Bad debt provision | (8,333 | ) | (12,337 | ) |
| Other debtors |
| Prepayments |
| Naylor Devlin Ltd (Registered number: NI062152) |
| Notes to the Financial Statements - continued |
| for the year ended 31 October 2020 |
| 8. | Creditors: amounts falling due within one year |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Corporation tax |
| Social security and other taxes |
| VAT | 32,589 | 42,487 |
| Other creditors |
| Directors' current accounts | 2,609 | 2,054 |
| Accrued expenses |
| 9. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |