STANDEL_DAWMAN_LIMITED - Accounts

STANDEL DAWMAN LIMITED - Company Information

Print Friendly Version

Company Registration No. 05005337 (England and Wales)

STANDEL DAWMAN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

STANDEL DAWMAN LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 5

STANDEL DAWMAN LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

196,761

198,411

Investments

723,678

920,439

922,089

Current assets

Stocks

310,193

281,965

Debtors

377,587

397,233

Cash at bank and in hand

8,727

24,221

696,507

703,419

Creditors: amounts falling due within one year

(521,690)

(519,237)

Net current assets

174,817

184,182

Total assets less current liabilities

1,095,256

1,106,271

Creditors: amounts falling due after more than one year

(881,410)

(907,330)

Provisions for liabilities

(17,823)

(18,088)

Accruals and deferred income

(7,200)

(14,400)

188,823

166,453

Capital and reserves

Called up share capital

111

Share premium account

14,989

Profit and loss account

173,723

151,353

Shareholders' funds

188,823

166,453

STANDEL DAWMAN LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 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 23 May 2016

Mr P S H Kyle

Mr G Dawes

Director

Company Registration No. 05005337

STANDEL DAWMAN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 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).

The company is reliant upon the support of its directors, bankers and a group company. The financial statements have been prepared on a going concern basis on the assumption that this finance will continue to be made available to the company.

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

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:

Leasehold land and buildings

10% Straight line

Plant and machinery

25% Reducing balance

Computer equipment

25% Reducing balance

Motor vehicles

25% Reducing balance

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertakings comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

STANDEL DAWMAN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2015

911,395

1,100,000

2,011,395

Additions

1,575

At 31 December 2015

912,970

1,100,000

2,012,970

Depreciation

At 1 January 2015

712,984

376,322

1,089,306

Charge for the year

3,225

At 31 December 2015

716,209

376,322

1,092,531

Net book value

At 31 December 2015

196,761

723,678

920,439

At 31 December 2014

198,411

723,678

922,089

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Dialmode (261) Limited

England & Wales

Ordinary

100.00

Ridgeside Engineering Limited

England & Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Dialmode (261) Limited

1,100,002

Ridgeside Engineering Limited

723,678

The shares in Ridgeside Engineering Limited are held indirectly through the company's shareholding in Dialmode (261) Limited.

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £215,137 (2014 - £201,551).

STANDEL DAWMAN LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 5 -

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £157,732 (2014 - £183,652).

Share capital

2015

2014

Allotted, called up and fully paid

11,111 A Ordinary shares of 1p each

111

Related party relationships and transactions

Advances and credits to directors

Advances and credits granted to the directors during the year are outlined in the table below:

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr G Dawes

1,575

250

1,825

1,575

250

1,825

Mr G Dawes' maximum overdrawn balance during the year was £1,825.

Loans from directors

Transactions in relation to loans with directors during the year are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Mr A Stanworth

120,000

Other transactions

The bank loan was secured personally by Mr P S H Kyle and Mr G Dawes, directors of the company.

Included in other creditors is an amount of £125,542 secured via a debenture created on 1 March 2004 in favour of Laurence Canova, Dorothy Dawes, Alan Stanworth and Kathleen Stanworth.