Dennis & Hayes Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02641732 (England and Wales)

ABBREVIATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2015

FOR

DENNIS & HAYES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M C L Mitchell

REGISTERED OFFICE:

56 Parkway

Regents Park

London

NW1 7AH

REGISTERED NUMBER:

02641732 (England and Wales)

ACCOUNTANTS:

Stern & Company

12-15 Hanger Green

Ealing

London

Greater London

W5 3AY

FIXED ASSETS

Tangible assets

2

13,911

15,114

CURRENT ASSETS

Debtors

13,567

19,214

Cash at bank and in hand

32,679

33,894

46,246

53,108

CREDITORS

Amounts falling due within one year

56,715

55,626

NET CURRENT LIABILITIES

(10,469

)

(2,518

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,442

12,596

CAPITAL AND RESERVES

Called up share capital

3

300

Profit and loss account

3,142

12,296

SHAREHOLDERS' FUNDS

3,442

12,596

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies
Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 13 May 2016 and were signed by:

Mr M C L Mitchell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents commissions receivable on property sales and management and letting fees,

excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

over life of lease

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the

shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period.

The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over

the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2014

92,745

Additions

2,195

At 31 August 2015

94,940

DEPRECIATION

At 1 September 2014

77,631

Charge for year

3,398

At 31 August 2015

81,029

NET BOOK VALUE

At 31 August 2015

13,911

At 31 August 2014

15,114

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

100

Ordinary

£1

100

Ordinary 'A'

£1

100

Ordinary 'B'

£1

100

300

Ordinary 'A' and 'B' shares

The Ordinary 'A' and 'B' shares do not have any rights to attend or vote at the annual general meeting, nor

are they entitled to any surplus on winding up.

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2015 and

31 August 2014:

2015

2014

£

Mr M C L Mitchell

Balance outstanding at start of year

(4,069

)

3,904

Amounts advanced

-

76,027

Amounts repaid

(3,134

)

(84,000

)

Balance outstanding at end of year

(7,203

)

(4,069

)