M J Daniels (Estates) Limited - Accounts to registrar

REGISTERED NUMBER: 02600114 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

M J DANIELS (ESTATES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr C M Daniels

Mr C Daniels

SECRETARY:

Mr C M Daniels

REGISTERED OFFICE:

17a Ivel Road

Shefford

Bedfordshire

SG17 5LB

REGISTERED NUMBER:

02600114 (England and Wales)

ACCOUNTANTS:

Tony Everitt

Chartered Accountant

11b Soham Road

Fordham

Ely

Cambridgeshire

CB7 5LB

FIXED ASSETS

Tangible assets

4

1,558

2,042

CURRENT ASSETS

Stocks

-

30,000

Debtors

5

11,185

48,641

Cash at bank and in hand

36,743

428

47,928

79,069

CREDITORS

Amounts falling due within one year

6

144,041

229,298

NET CURRENT LIABILITIES

(96,113

)

(150,229

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(94,555

)

(148,187

)

CAPITAL AND RESERVES

Called up share capital

7

2,360

Retained earnings

(96,915

)

(150,547

)

SHAREHOLDERS' FUNDS

(94,555

)

(148,187

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 December 2016 and were signed on
its behalf by:

Mr C M Daniels - Director

Mr C Daniels - Director

1.	STATUTORY INFORMATION

M J Daniels (Estates) Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on the going concern basis on the grounds that the directors and

connected persons will continue to support the company to meet its cashflow requirements for the

foreseeable future.

Turnover

Turnover represents net invoiced services, adjusted for any work in progress.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

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

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2015 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2015

and 30 April 2016

44,808

DEPRECIATION

At 1 May 2015

42,766

Charge for year

484

At 30 April 2016

43,250

NET BOOK VALUE

At 30 April 2016

1,558

At 30 April 2015

2,042

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Trade debtors

11,033

41,637

Other debtors

152

7,004

11,185

48,641

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Trade creditors

737

1,055

Taxation and social security

26,147

-

Other creditors

117,157

228,243

144,041

229,298

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

660

Ordinary

£1

660

1,700

A Class Ordinary

£1

1,700

2,360

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £216,095 net of VAT (2015 - £282,670) in respect of

consultancy, contract and development work supplied to a related party. The recovery of this debt is

considered to be doubtful and provision of £216,095 (2015 - £245,528) has been made against the

debt.

The company was also owed £11,032 (2015 - £9,172) by a separate related party in respect of

consultancy, contract and development work.

In addition, the company owed £16,877 (2015 - £14,477) to a related party in respect of rental charges

and £92,328 (2015 - £132,913) to the directors for interest free loans repayable on demand.

9.	FIRST YEAR ADOPTION

No adjustments are required in respect of the adoption of FRS 102 (Section 1A).

M J Daniels (Estates) Limited - Accounts to registrar - small 16.3d

M J Daniels (Estates) Limited - Accounts to registrar - small 16.3d