| Dattani & Dhaliwal Investments Limited |
| Registered number: |
09607554 |
| Balance Sheet |
| as at 31 December 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
2 |
|
|
12,795 |
|
|
- |
| Tangible assets |
3 |
|
|
452,244 |
|
|
- |
|
|
|
|
465,039 |
|
|
- |
|
| Current assets |
| Stocks |
|
|
7,000 |
|
|
- |
| Debtors |
4 |
|
38,181 |
|
|
- |
| Cash at bank and in hand |
|
|
1,120 |
|
|
200 |
|
|
|
46,301 |
|
|
200 |
|
| Creditors: amounts falling due within one year |
5 |
|
(266,126) |
|
|
- |
|
| Net current (liabilities)/assets |
|
|
|
(219,825) |
|
|
200 |
|
| Total assets less current liabilities |
|
|
|
245,214 |
|
|
200 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(364,606) |
|
|
- |
|
|
|
| Net (liabilities)/assets |
|
|
|
(119,392) |
|
|
200 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
200 |
|
|
200 |
| Profit and loss account |
|
|
|
(119,592) |
|
|
- |
|
| Shareholders' funds |
|
|
|
(119,392) |
|
|
200 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
| M C Dattani |
| Director |
| Approved by the board on 22 September 2017 |
|
| Dattani & Dhaliwal Investments Limited |
| Notes to the Accounts |
| for the year ended 31 December 2016 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going concern |
|
The company depends on its existing bank facilities to meet its day to day working capital requirements. Current forecasts indicate that the company expects to be able to operate within these facilities for the whole of the foreseeable future. The directors believe it is appropriate to prepare the financial statements on the going concern basis. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Intangible fixed assets |
|
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Motor vehicles |
25% reducing balance |
|
Fixtures, fittings, tools and equipment |
25% reducing balance |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
|
|
|
|
|
|
|
|
|
|
| 2 |
Intangible fixed assets |
£ |
|
Franchise fee: |
|
|
Cost |
|
Additions |
14,874 |
|
At 31 December 2016 |
14,874 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
Provided during the year |
2,079 |
|
At 31 December 2016 |
2,079 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2016 |
12,795 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
Additions |
511,288 |
|
1,600 |
|
512,888 |
|
At 31 December 2016 |
511,288 |
|
1,600 |
|
512,888 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
60,444 |
|
200 |
|
60,644 |
|
At 31 December 2016 |
60,444 |
|
200 |
|
60,644 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2016 |
450,844 |
|
1,400 |
|
452,244 |
|
|
| 4 |
Debtors |
2016 |
|
2015 |
| £ |
£ |
|
|
Other debtors |
38,181 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Bank loans and overdrafts |
88,773 |
|
- |
|
Other taxes and social security costs |
3,811 |
|
- |
|
Other creditors |
173,542 |
|
- |
|
|
|
|
|
|
266,126 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2016 |
|
2015 |
| £ |
£ |
|
|
Bank loans |
364,606 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
449,194 |
|
- |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured by a fixed and floating charge over the assets of the company. |
|
|
| 8 |
Other information |
|
|
Dattani & Dhaliwal Investments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
232A Northolt Road |
|
Harrow |
|
Middlesex |
|
HA2 8DU |
