Company Registration No. 08443902 (England and Wales)
Dougherty & Allen Limited
Unaudited accounts
for the year ended 31 March 2024
Dougherty & Allen Limited
Unaudited accounts
Contents
Dougherty & Allen Limited
Company Information
for the year ended 31 March 2024
Directors
Gordon Wigginton
Phillip Dougherty
Company Number
08443902 (England and Wales)
Registered Office
8 The Borders
River Lane
Chester
Flintshire
CH4 8RJ
Wales
Accountants
Aspire Accounting & Financial Management Ltd
WITTS END
THORNCROFT DRIVE
BARNSTON
WIRRAL
CH61 1AG
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Dougherty & Allen Limited
for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dougherty & Allen Limited for the year ended 31 March 2024 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 CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
This report is made solely to the Board of Directors of Dougherty & Allen Limited, as a body, in accordance with the terms of our engagement letter dated 1 November 2019. Our work has been undertaken solely to prepare for your approval the accounts of Dougherty & Allen Limited and state those matters that we have agreed to state to the Board of Directors of Dougherty & Allen Limited, as a body, in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dougherty & Allen Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Dougherty & Allen Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dougherty & Allen Limited. You consider that Dougherty & Allen Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Dougherty & Allen Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Aspire Accounting & Financial Management Ltd
Member in Practice
WITTS END
THORNCROFT DRIVE
BARNSTON
WIRRAL
CH61 1AG
11 April 2024
Dougherty & Allen Limited
Statement of financial position
as at 31 March 2024
Tangible assets
185,901
231,541
Cash at bank and in hand
29,353
191,085
Creditors: amounts falling due within one year
(153,975)
(189,055)
Net current assets
4,490
159,745
Total assets less current liabilities
190,391
391,286
Provisions for liabilities
Deferred tax
(14,640)
(14,640)
Net assets
175,751
376,646
Called up share capital
80,000
80,000
Profit and loss account
95,751
296,646
Shareholders' funds
175,751
376,646
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by
Gordon Wigginton
Director
Company Registration No. 08443902
Dougherty & Allen Limited
Notes to the Accounts
for the year ended 31 March 2024
Dougherty & Allen Limited is a private company, limited by shares, registered in England and Wales, registration number 08443902. The registered office is 8 The Borders, River Lane, Chester, Flintshire, CH4 8RJ, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Dougherty & Allen Limited
Notes to the Accounts
for the year ended 31 March 2024
Dougherty & Allen Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
During 2021 the business has had very limited trading due to the restrictions imposed by way of social distancing due to the Covid-19 pandemic.
The business has entered into a Voluntary Arrangement with its creditors during this financial year. With the anticipated cash flows and with continued financial support from the Directors in the form of a share allotment during the year , they consider it appropriate for the financial statements to be prepared on a
going concern basis.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for sale of services in
the ordinary nature of the business and excludes value added tax. Revenue from services is recognised
when the service is provided and the revenue can be measured reliably.
Stocks
Stocks are valued at the lower of cost and net realisable value.
Financial instruments
Financial instruments are classified by directors as basic or advanced following the conditions on FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently recognised at amortised cost using the effective interest method. The company does not have any advanced financial instruments.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.
Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over the shorter of the lease term and their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The finance element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's
Investments
Fixed asset investments are stated at cost less provisions for impairments
Dougherty & Allen Limited
Notes to the Accounts
for the year ended 31 March 2024
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery
33% on cost and 20% on cost
Motor vehicles
Motor Vehicles Over 3 years
Fixtures & fittings
Fixtures & fittings 20% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
114,357
107,861
286,333
508,551
At 31 March 2024
114,357
107,861
294,681
516,899
At 1 April 2023
110,685
26,025
140,300
277,010
Charge for the year
4,640
18,885
30,463
53,988
At 31 March 2024
115,325
44,910
170,763
330,998
At 31 March 2024
(968)
62,951
123,918
185,901
At 31 March 2023
3,672
81,836
146,033
231,541
Amounts falling due within one year
Trade debtors
70,949
99,270
Accrued income and prepayments
29,888
25,941
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
63,391
36,079
Taxes and social security
27,632
44,827
Accrued preference dividends
-
35,732
Other creditors
11,438
22,817
Dougherty & Allen Limited
Notes to the Accounts
for the year ended 31 March 2024
7
Average number of employees
During the year the average number of employees was 32 (2023: 35).
