Paul Dunnings Limited - Accounts to registrar - small 16.3
Paul Dunnings Limited - Accounts to registrar - small 16.3
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2016 |
| FOR |
| PAUL DUNNINGS LIMITED |
| PAUL DUNNINGS LIMITED (REGISTERED NUMBER: 05866647) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2016 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| PAUL DUNNINGS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JULY 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants and Registered Auditors |
| Clock Offices |
| High Street |
| Bishops Waltham |
| Southampton |
| Hampshire |
| SO32 1AA |
| PAUL DUNNINGS LIMITED (REGISTERED NUMBER: 05866647) |
| ABRIDGED BALANCE SHEET |
| 31 JULY 2016 |
| 31.7.16 | 31.7.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| PAUL DUNNINGS LIMITED (REGISTERED NUMBER: 05866647) |
| ABRIDGED BALANCE SHEET - continued |
| 31 JULY 2016 |
| 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 |
| P Dunnings - Director | Mrs I A Dunnings - Director |
| V M Henly - Director |
| PAUL DUNNINGS LIMITED (REGISTERED NUMBER: 05866647) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2016 |
| 1. | STATUTORY INFORMATION |
| Paul Dunnings Limited is a |
| number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The accounts have therefore been prepared on the going concern basis as the directors have indicated their willingness to |
| continue to support the company. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Turnover represents net invoiced sale of services, excluding value added tax. |
| Tangible fixed assets |
| Land and buildings | - | 10% on cost |
| Plant and machinery etc | - | 25% on reducing balance, 20% on cost and 10% on cost |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| 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 profit or loss over the relevant period. The capital element of the |
| future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| PAUL DUNNINGS LIMITED (REGISTERED NUMBER: 05866647) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2016 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 August 2015 |
| Additions |
| At 31 July 2016 |
| DEPRECIATION |
| At 1 August 2015 |
| Charge for year |
| At 31 July 2016 |
| NET BOOK VALUE |
| At 31 July 2016 |
| At 31 July 2015 |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Totals |
| £ |
| COST |
| At 1 August 2015 |
| and 31 July 2016 | 14,500 |
| DEPRECIATION |
| At 1 August 2015 | 8,383 |
| Charge for year | 1,529 |
| At 31 July 2016 | 9,912 |
| NET BOOK VALUE |
| At 31 July 2016 | 4,588 |
| At 31 July 2015 | 6,117 |
| 5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Other debtors |
| PAUL DUNNINGS LIMITED (REGISTERED NUMBER: 05866647) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2016 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Bank loans |
| Hire purchase contracts (see note 7) |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable operating |
| leases |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Between one and five years | 58,970 | - |
| In more than five years | 195,842 | - |
| 254,812 | - |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 3,038 | 7,256 |
| The bank loan is secured by way of personal guarantee from two of the directors being Mr P Dunnings and Mrs I |
| Dunnings. |
| PAUL DUNNINGS LIMITED (REGISTERED NUMBER: 05866647) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 JULY 2016 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 July 2016 and 31 July 2015: |
| 31.7.16 | 31.7.15 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |