Duncan Birch Limited - Accounts

Duncan Birch Limited - Accounts

DUNCAN BIRCH LTD - Company Information

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Registered number
07764070
Duncan Birch Limited
Report and Unaudited Accounts
28 February 2015
Duncan Birch Limited
Report and accounts
Contents
Page
Company information 1
Director's report 2
Chartered Accountants' report 3
Profit and loss account 4
Balance sheet 5
Notes to the accounts 6
Duncan Birch Limited
Company Information
Director
Duncan Birch
Accountants
Karen Crawford Limited
2 Highbank
Slaughterford
Chippenham
Wiltshire
SN14 8RG
Registered office
Golden October
Jubillee Road
Totnes
Devon
TQ9 5BP
Registered number
07764070
Duncan Birch Limited
Registered number: 07764070
Director's Report
The director presents his report and accounts for the year ended 28 February 2015.
Principal activities
The company's principal activity during the year continued to be that of general building work and maintainence.
Directors
The following persons served as directors during the year:
Duncan Birch
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 28.11.15 and signed on its behalf.
Duncan Birch
Director
Duncan Birch Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Duncan Birch Limited for the year ended 28 February 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Duncan Birch Limited for the year ended 28 February 2015 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Karen Crawford Limited
Chartered Accountants
2 Highbank
Slaughterford
Chippenham
Wiltshire
SN14 8RG
28.11.15
Duncan Birch Limited
Profit and Loss Account
for the year ended 28 February 2015
Notes 2015 2014
£ £
Turnover 81,838 155,997
Cost of sales (46,932) (123,693)
Gross profit 34,906 32,304
Administrative expenses (10,485) (18,443)
Operating profit 2 24,421 13,861
Interest receivable 10 5
Interest payable 3 (570) (1,004)
Profit on ordinary activities before taxation 23,861 12,862
Tax on profit on ordinary activities 4 (5,359) (2,169)
Profit for the financial year 18,502 10,693
Duncan Birch Limited
Balance Sheet
as at 28 February 2015
Notes 2015 2014
£ £
Fixed assets
Tangible assets 5 2,428 3,160
Current assets
Stocks 250 250
Debtors 6 6,000 12,780
Cash at bank and in hand 27,835 839
34,085 13,869
Creditors: amounts falling due within one year 7 (27,240) (14,915)
Net current assets/(liabilities) 6,845 (1,046)
Total assets less current liabilities 9,273 2,114
Creditors: amounts falling due after more than one year 8 (3,400) -
Provisions for liabilities 9 (485) (228)
Net assets 5,388 1,886
Capital and reserves
Called up share capital 10 1 1
Profit and loss account 11 5,387 1,885
Shareholder's funds 5,388 1,886
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Duncan Birch
Director
Approved by the board on 28.11.15
Duncan Birch Limited
Notes to the Accounts
for the year ended 28 February 2015
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 33% reducing balance
Motor vehicles 25% straight line
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
2 Operating profit 2015 2014
£ £
This is stated after charging:
Depreciation of owned fixed assets 1,648 529
3 Interest payable 2015 2014
£ £
Interest payable 570 1,004
4 Taxation 2015 2014
£ £
UK corporation tax 5,102 2,274
Deferred tax 257 (105)
5,359 2,169
5 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2014 4,301
Additions 916
At 28 February 2015 5,217
Depreciation
At 1 March 2014 1,141
Charge for the year 1,648
At 28 February 2015 2,789
Net book value
At 28 February 2015 2,428
At 28 February 2014 3,160
6 Debtors 2015 2014
£ £
Trade debtors 6,000 12,780
7 Creditors: amounts falling due within one year 2015 2014
£ £
Trade creditors 5,053 3,049
Corporation tax 5,102 2,274
Other taxes and social security costs 9,531 2,723
Other creditors 7,554 6,869
27,240 14,915
8 Creditors: amounts falling due after one year 2015 2014
£ £
Other creditors 3,400 -
9 Provisions for liabilities
Deferred taxation: 2015 2014
£ £
Accelerated capital allowances 485 228
2015 2014
£ £
At 1 March 228 333
Deferred tax charge in profit and loss account 257 (105)
At 28 February 485 228
10 Share capital Nominal 2015 2015 2014
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 1 1
11 Profit and loss account 2015
£
At 1 March 2014 1,885
Profit for the year 18,502
Dividends (15,000)
At 28 February 2015 5,387
12 Dividends 2015 2014
£ £
Dividends for which the company became liable during the year:
Dividends paid 15,000 10,000
13 Ultimate controlling party
The ultimate controlling party is Mr D Birch who owns 100% of the share capital.
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