DENDY_NEVILLE_LIMITED - Accounts

DENDY NEVILLE LIMITED - Company Information

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Company Registration No. 06219954 (England and Wales)

DENDY NEVILLE LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2015

DENDY NEVILLE LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

DENDY NEVILLE LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2015

- 1 -

2015

2014

Notes

Fixed assets

Intangible assets

1,843,774

Tangible assets

13,415

16,960

1,857,189

1,860,734

Current assets

Debtors

458,396

428,234

Cash at bank and in hand

423

737

458,819

428,971

Creditors: amounts falling due within one year

(635,784)

(672,676)

Net current liabilities

(176,965)

(243,705)

Total assets less current liabilities

1,680,224

1,617,029

Provisions for liabilities

(1,608)

(2,160)

1,678,616

1,614,869

Capital and reserves

Called up share capital

316

349

Other reserves

Profit and loss account

1,678,216

1,614,469

Shareholders' funds

1,678,616

1,614,869

DENDY NEVILLE LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 JULY 2015

- 2 -

For the financial year ended 31 July 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 10 February 2016

D M Hill

A M Perkins

Director

Company Registration No. 06219954

DENDY NEVILLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Fee income represents revenue earned under a variety of contracts to provide professional services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

Revenue is generally recognised as contract activity progresses so that for incomplete contracts it reflects the partial performance of the contractual obligations. For such contracts the amount of revenue reflects the accrual of the right to consideration by reference to the value of work performed. Revenue not billed to clients is included in debtors 'amounts recoverable on contracts'.

Fee income that is contingent on events outside the control of the company is recognised when the contingent event occurs.

1.3

Intangible Assets

Intangible assets represent the cost of acquiring goodwill and customer relationships. Intangible assets are not amortised but are reviewed for impairment in any period in which events or changes in circumstances indicate that the carrying value may not be fully recoverable.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings & equipment

25% and 33% on cost

1.5

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.6

Pensions

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund.

1.7

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.8

Client monies

The company holds client monies in accordance with the rules of the Institute of Chartered Accountants in England and Wales. These funds are held separately from those of the company and are not reflected in the balance sheet.

DENDY NEVILLE LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 August 2014

1,843,774

56,675

1,900,449

Additions

6,551

Disposals

(3,430)

At 31 July 2015

1,843,774

59,796

1,903,570

Depreciation

At 1 August 2014

39,715

On disposals

(3,430)

Charge for the year

10,096

At 31 July 2015

46,381

Net book value

At 31 July 2015

1,843,774

13,415

1,857,189

At 31 July 2014

1,843,774

16,960

1,860,734

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £180,875).

Share capital

2015

2014

Allotted, called up and fully paid

1,666 "A" Ordinary shares of 1p each

10,002 "B" Ordinary shares of 1p each

100

10,002 "C" Ordinary shares of 1p each

100

10,002 "D" Ordinary shares of 1p each

100

1 "E" Ordinary share of 1p

316

349

The classes of Ordinary shares rank pari passu in all respects.

During the year, 3,250 Ordinary A shares were purchased by the company out of retained reserves. The shares were cancelled and £32.50 was transferred to Capital redemption reserve, shown in Other reserves.