Dobson & Co,Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 00223919 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Dobson & Co,Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L J Urwin

Mrs J Basford

D J Urwin

SECRETARY:

Mrs J Basford

REGISTERED OFFICE:

Unit 4, Birrell Street

Oldfield Industrial Estates

Fenton

Stoke on Trent

Staffordshire

ST4 3ES

REGISTERED NUMBER:

00223919 (England and Wales)

FIXED ASSETS

Tangible assets

4

41,382

48,782

CURRENT ASSETS

Stocks

5

5,724

5,719

Debtors

6

58,027

78,400

Cash at bank

81,718

102,721

145,469

186,840

CREDITORS

Amounts falling due within one year

7

99,458

116,408

NET CURRENT ASSETS

46,011

70,432

TOTAL ASSETS LESS CURRENT LIABILITIES

87,393

119,214

PROVISIONS FOR LIABILITIES

9

7,100

8,300

NET ASSETS

80,293

110,914

CAPITAL AND RESERVES

Called up share capital

10

900

900

Other reserves

11

3,550

3,550

Retained earnings

11

75,843

106,464

SHAREHOLDERS' FUNDS

80,293

110,914

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 11 July 2017 and were signed on its behalf by:

Mrs J Basford - Director

1.	STATUTORY INFORMATION

Dobson & Co,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 financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised

when the goods are physically delivered to the customer.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income

or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

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

at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that

are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

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 4 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

203,734

266

13,025

10,983

228,008

Additions

-

-

-

1,005

1,005

At 31 March 2017

203,734

266

13,025

11,988

229,013

DEPRECIATION

At 1 April 2016

161,592

266

7,530

9,838

179,226

Charge for year

6,321

-

1,375

709

8,405

At 31 March 2017

167,913

266

8,905

10,547

187,631

NET BOOK VALUE

At 31 March 2017

35,821

-

4,120

1,441

41,382

At 31 March 2016

42,142

-

5,495

1,145

48,782

5.

STOCKS

2017

2016

£

£

Stocks

5,724

5,719

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

53,147

74,556

VAT

841

-

Prepayments and accrued income

4,039

3,844

58,027

78,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

22,934

34,647

Amounts owed to group undertakings

64,341

63,362

Tax

6,835

9,679

VAT

-

170

Other creditors

258

40

Directors' current accounts

2,407

6,079

Accrued expenses

2,683

2,431

99,458

116,408

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2017

2016

£

£

Within one year

3,444

1,609

Between one and five years

6,887

-

10,331

1,609

9.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

7,100

8,300

Deferred

tax

£

Balance at 1 April 2016

8,300

Provided during year

(1,200

)

Accelerated capital allowances

Balance at 31 March 2017

7,100

The deferred tax balance consists solely of accelerated capital allowances.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

900

Ordinary

£1

900

900

11.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1 April 2016

106,464

3,550

110,014

Profit for the year

21,879

21,879

Dividends

(52,500

)

(52,500

)

At 31 March 2017

75,843

3,550

79,393

12.	RELATED PARTY DISCLOSURES

During the year the directors were paid remuneration totalling £14,819.

Grenaway Holdings Limited

Holdings company

During the year, dividends of £52,500 (2016 - £42,000) were paid to Grenaway Holdings Limited.

13.	POST BALANCE SHEET EVENTS

Since the balance sheet date, but before the date of the approval of the financial statements, the

company has declared dividends of £10,500. These are in respect of profits earned in the current

financial year.

14.	FIRST YEAR ADOPTION

There were no transactional adjustments due to adoption of FRS 102 (1A) during the year.