| Duncan Birch Limited |
| Balance Sheet |
| as at 29 February 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
5 |
|
|
1,723 |
|
|
2,428 |
|
| Current assets |
| Stocks |
|
|
250 |
|
|
250 |
| Debtors |
6 |
|
17,532 |
|
|
6,000 |
| Cash at bank and in hand |
|
|
4,052 |
|
|
27,835 |
|
|
|
21,834 |
|
|
34,085 |
|
| Creditors: amounts falling due within one year |
7 |
|
(21,735) |
|
|
(27,240) |
|
| Net current assets |
|
|
|
99 |
|
|
6,845 |
|
| Total assets less current liabilities |
|
|
|
1,822 |
|
|
9,273 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(3,400) |
|
|
(3,400) |
|
| Provisions for liabilities |
9 |
|
|
(345) |
|
|
(485) |
|
|
| Net (liabilities)/assets |
|
|
|
(1,923) |
|
|
5,388 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
10 |
|
|
1 |
|
|
1 |
| Profit and loss account |
11 |
|
|
(1,924) |
|
|
5,387 |
|
| Shareholder's funds |
|
|
|
(1,923) |
|
|
5,388 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| Duncan Birch |
| Director |
| Approved by the board on 30 November 2016 |
|
| Duncan Birch Limited |
| Notes to the Accounts |
| for the year ended 29 February 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
At 29 February 2016 the company had net liabilities of £1,923. The company is reliant on the continued support of the director. The director has confirmed his support to the company. |
|
On the above basis the director considers that the accounts should be prepared on a going concern basis. |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
33% reducing balance |
|
Motor vehicles |
25% straight line |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Operating profit |
2016 |
|
2015 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
749 |
|
1,648 |
|
Directors' remuneration |
6,350 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 3 |
Interest payable |
2016 |
|
2015 |
| £ |
£ |
|
|
Interest payable |
648 |
|
570 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Taxation |
2016 |
|
2015 |
| £ |
£ |
|
|
UK corporation tax |
313 |
|
5,102 |
|
Deferred tax |
(140) |
|
257 |
|
|
|
|
|
|
173 |
|
5,359 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 March 2015 |
5,217 |
|
Additions |
44 |
|
At 29 February 2016 |
5,261 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 March 2015 |
2,789 |
|
Charge for the year |
749 |
|
At 29 February 2016 |
3,538 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 29 February 2016 |
1,723 |
|
At 28 February 2015 |
2,428 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
|
Trade debtors |
15,472 |
|
6,000 |
|
Other debtors |
2,060 |
|
- |
|
|
|
|
|
|
17,532 |
|
6,000 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Trade creditors |
2,469 |
|
5,053 |
|
Corporation tax |
313 |
|
5,102 |
|
Other taxes and social security costs |
9,304 |
|
9,531 |
|
Other creditors |
9,649 |
|
7,554 |
|
|
|
|
|
|
21,735 |
|
27,240 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Other creditors |
3,400 |
|
3,400 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Provisions for liabilities |
|
Deferred taxation: |
2016 |
|
2015 |
| £ |
£ |
|
|
Accelerated capital allowances |
345 |
|
485 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016 |
|
2015 |
| £ |
£ |
|
|
At 1 March |
485 |
|
228 |
|
Deferred tax charge in profit and loss account |
(140) |
|
257 |
|
|
At 29 February |
345 |
|
485 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 11 |
Profit and loss account |
2016 |
| £ |
|
|
At 1 March 2015 |
5,387 |
|
Profit for the year |
689 |
|
Dividends |
(8,000) |
|
|
At 29 February 2016 |
(1,924) |
|
|
|
|
|
|
|
|
| 12 |
Dividends |
2016 |
|
2015 |
| £ |
£ |
|
|
Dividends for which the company became liable during the year: |
|
Dividends paid |
8,000 |
|
15,000 |
|
|
|
|
|
|
|
|
|
|
|
| 13 |
Ultimate controlling party |
|
|
The ultimate controlling party is Mr D Birch who owns 100% of the share capital. |
