Paul Dollins Limited,Ltd - Accounts

Paul Dollins Limited,Ltd - Accounts

PAUL DOLLINS ACCOUNTANTS LIMITED - Company Information

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2015-04-01 true false Private Limited Company 05419738 2016-03-31 05419738 2015-04-01 2016-03-31 05419738 2015-03-31 05419738 2014-04-01 2015-03-31 05419738 uk-bus:Director1 2015-04-01 2016-03-31 05419738 uk-gaap:Land 2015-04-01 2016-03-31 05419738 uk-gaap:ComputerEquipment 2015-04-01 2016-03-31 05419738 uk-gaap:MotorCars 2015-04-01 2016-03-31 05419738 uk-gaap:FixturesFittings 2015-04-01 2016-03-31 05419738 uk-bus:OrdinaryShareClass1 2016-03-31 iso4217:GBP
Paul Dollins Limited
For the year ended 31 March 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05419738
2
Contents Page
Paul Dollins Limited
For the year ended 31 March 2016
1
Accountants' Report
2
Balance Sheet
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Notes to the Abbreviated Financial Statements
3
Paul Dollins Limited
Accountants' Report
For the year ended 31 March 2016
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 March 2016 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
Paul Dollins Accountants
Certified Public Accountants
3A Laburnum Row
Torre
Torquay
TQ2 7DA
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4
Abbreviated Balance Sheet
Paul Dollins Limited
As at 31 March 2016
05419738
Registered Number :
£
£
2016
Notes
2015
Fixed assets
Intangible assets
2
1,900
2,150
Tangible assets
3
23,266
38,565
25,166
40,715
Current assets
Debtors
12,560
26,964
Cash at bank and in hand
8,141
458
35,105
13,018
Creditors: amounts falling due within one year
(41,006)
(55,721)
(27,988)
(20,616)
Net current liabilities
Total assets less current liabilities
4,550
12,727
Creditors: amounts falling due after more than one year
(12,616)
(978)
(4,384)
(2,633)
Provisions for liabilities
(812)
Net liabilities
(2,522)
Capital and reserves
Called up share capital
100
4
100
Profit and loss account
(912)
(2,622)
(812)
(2,522)
Shareholders funds
For the year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 09 April 2016
Paul Dollins Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Paul Dollins Limited
For the year ended 31 March 2016
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the
estimated expected useful economic life of the goodwill of 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
5% Straight line
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Notes to the Abbreviated Financial Statements
Paul Dollins Limited
For the year ended 31 March 2016
Computer Equipment
25% Reducing balance
Motor Vehicles
25% Reducing balance
Fixtures and Fittings
25% Reducing balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and
rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets
and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
2 Intangible fixed assets
Cost or valuation
Intangible
fixed assets
£
At 01 April 2015
4,367
4,367
At 31 March 2016
Amortisation
2,217
At 01 April 2015
250
Charge for year
2,467
At 31 March 2016
1,900
Net Book Values
At 31 March 2016
2,150
At 31 March 2015
3 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
72,551
At 01 April 2015
3,191
Additions
(23,280)
Disposals
At 31 March 2016
52,462
Depreciation
33,986
At 01 April 2015
(9,874)
Disposals
5,084
Charge for year
29,196
At 31 March 2016
Net book values
At 31 March 2016
23,266
38,565
At 31 March 2015
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Notes to the Abbreviated Financial Statements
Paul Dollins Limited
For the year ended 31 March 2016
4 Share capital
Allotted called up and fully paid
2016
2015
£
£
100 Class A shares of £1.00 each
100
100
100
100
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