Abbreviated Company Accounts - FRED DALZELL & PARTNERS LTD

FRED DALZELL & PARTNERS LTD - Company Information

NI045839 FRED DALZELL & PARTNERS LTD 2015-03-31 false 2014-04-01 2015-03-31 true NI045839 2014-04-01 2015-03-31 NI045839 2015-03-31 NI045839 2014-03-31 NI045839 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 NI045839 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number NI045839

FRED DALZELL & PARTNERS LTD

Abbreviated Accounts

31 March 2015

FRED DALZELL & PARTNERS LTD Registered Number NI045839

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	126,468	137,598
Investments	3	75	75
		126,543	137,673
Current assets
Debtors		179,341	225,844
Cash at bank and in hand		152,318	164,080
		331,659	389,924
Creditors: amounts falling due within one year		(19,005)	(29,709)
Net current assets (liabilities)		312,654	360,215
Total assets less current liabilities		439,197	497,888
Total net assets (liabilities)		439,197	497,888
Capital and reserves
Called up share capital	4	10	10
Profit and loss account		439,187	497,878
Shareholders' funds		439,197	497,888

For the year ending 31 March 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 9 December 2015

And signed on their behalf by:
Fred Dalzell, Director

FRED DALZELL & PARTNERS LTD Registered Number NI045839

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared in accordance with United Kingdom generally accepted accounting practice and statute comprising the Companies Act 2006.

Turnover policy
Turnover is stated net of trade discounts, VAT and similar taxes and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
All tangible assets are initially recorded at historic cost. Depreciation is provided on all tangible fixed assets, other than freehold land and investment properties, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset systematically over its expected useful life, as follows:

Tenant improvements - 5% straight line
Office equipment - 25% reducing balance

Intangible assets amortisation policy
Goodwill
Goodwill is the difference between the fair value of the consideration given on the acquisition of a business and the aggregate fair value of the separate net assets acquired. It is being amortised through the profit and loss account in equal annual instalments over its estimated economic life of 10 years on a straight line basis. Goodwill is reviewed for impairment at the end of the first full financial year following acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Other accounting policies
Leasing
Rentals payable under operating leases are charged against income on s straight line basis over the lease term.

Investments
Investments are shown at cost less provision for diminution in value. Income from investments, together with any related tax credit, is recognised in the profit and loss account in which it is receivable.

2Tangible fixed assets

	£
Cost
At 1 April 2014	256,006
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	256,006
Depreciation
At 1 April 2014	118,408
Charge for the year	11,130
On disposals	-
At 31 March 2015	129,538
Net book values
At 31 March 2015	126,468
At 31 March 2014	137,598

3Fixed assets Investments
The company's fixed asset investments in respect of shares in group undertakings and participating interests amounted to £75 (2014: £75) as at 31 March 2015.

Fred Dalzell (Lisburn) Ltd owed Fred Dalzell & Partners Ltd an amount of £129,726 (2014: £190,887) at 31 March 2015. This includes an amount of £79,726 (2014: £140,887) included in debtors due within one year and an amount of £50,000 (2014: £50,000) included in debtors due in more than one year.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
10 Ordinary shares of £1 each	10	10