Dicksons of Cambridge Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03773683 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Dicksons of Cambridge Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D M Dickson

SECRETARY:

D M Dickson

REGISTERED OFFICE:

Unit D South Cambs Business Park

Babraham Road, Sawston

Cambridge

Cambridgeshire

CB22 3JH

REGISTERED NUMBER:

03773683 (England and Wales)

ACCOUNTANTS:

Tyrrell Accountants

Unit D

South Cambs Business Park

Sawston

Cambridge

Cambridgeshire

CB22 3JH

FIXED ASSETS

Intangible assets

4

1

1

Tangible assets

5

6,780

9,040

6,781

9,041

CURRENT ASSETS

Debtors

6

45,866

82,550

Cash at bank and in hand

44,402

983

90,268

83,533

CREDITORS

Amounts falling due within one year

7

27,246

66,201

NET CURRENT ASSETS

63,022

17,332

TOTAL ASSETS LESS CURRENT LIABILITIES

69,803

26,373

CREDITORS

Amounts falling due after more than one year

8

50,000

-

NET ASSETS

19,803

26,373

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

19,801

26,371

SHAREHOLDERS' FUNDS

19,803

26,373

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 12 July 2021 and were signed by:

D M Dickson - Director

1.	STATUTORY INFORMATION

Dicksons of Cambridge 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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.

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 4 (2019 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2020

and 31 December 2020

30,001

AMORTISATION

At 1 January 2020

and 31 December 2020

30,000

NET BOOK VALUE

At 31 December 2020

1

At 31 December 2019

1

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2020

and 31 December 2020

51,979

DEPRECIATION

At 1 January 2020

42,939

Charge for year

2,260

At 31 December 2020

45,199

NET BOOK VALUE

At 31 December 2020

6,780

At 31 December 2019

9,040

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

22,566

83,750

Other debtors

23,300

(1,200

)

45,866

82,550

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

-

14,844

Trade creditors

170

19,624

Taxation and social security

26,495

31,674

Other creditors

581

59

27,246

66,201

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

50,000

-