Paul Dollins Limited,Ltd - AccountsLtd - Accounts

Paul Dollins Limited,Ltd - AccountsLtd - Accounts

PAUL DOLLINS ACCOUNTANTS LIMITED - Company Information

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2016-04-01 05419738 2017-03-31 05419738 2016-04-01 2017-03-31 05419738 2016-03-31 05419738 2015-04-01 2016-03-31 05419738 uk-core:WithinOneYear 2016-03-31 05419738 uk-core:WithinOneYear 2017-03-31 05419738 uk-core:AfterOneYear 2016-03-31 05419738 uk-core:AfterOneYear 2017-03-31 05419738 uk-core:ShareCapital 2017-03-31 05419738 uk-core:ShareCapital 2016-03-31 05419738 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 05419738 uk-core:RetainedEarningsAccumulatedLosses 2016-03-31 05419738 uk-bus:Director1 2016-04-01 2017-03-31 05419738 uk-core:NetGoodwill 2016-04-01 2017-03-31 05419738 uk-core:Buildings 2016-04-01 2017-03-31 05419738 uk-core:ToolsEquipment 2016-04-01 2017-03-31 05419738 uk-core:MotorCars 2016-04-01 2017-03-31 05419738 uk-core:FurnitureFittings 2016-04-01 2017-03-31 05419738 uk-core:Goodwill 2016-03-31 05419738 uk-core:Goodwill 2017-03-31 05419738 uk-core:Goodwill 2016-04-01 2017-03-31 05419738 uk-core:PlantMachinery 2016-03-31 05419738 uk-core:Buildings 2016-03-31 05419738 uk-core:PlantMachinery 2016-04-01 2017-03-31 05419738 uk-core:Buildings 2017-03-31 05419738 uk-core:PlantMachinery 2017-03-31 iso4217:GBP 05419738 uk-bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 05419738 uk-bus:FRS102 2016-04-01 2017-03-31 05419738 uk-bus:FullAccounts 2016-04-01 2017-03-31 05419738 uk-bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31
Paul Dollins Limited
Registered Number:05419738
For the year ended 31 March 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2017
Paul Dollins Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 31 March 2017
Paul Dollins Limited
Statement of Financial Position
Registered Number :
05419738
£
£
2016
2017
Notes
Fixed assets
Intangible assets
-
1,900
2
Property, plant and equipment
16,173
23,266
3
16,173
25,166
Current assets
Trade and other receivables
26,964
19,138
4
8,141
Cash and cash equivalents
12,945
32,083
35,105
Trade and other payables: amounts falling due within one
year
(55,721)
(47,509)
5
(20,616)
(15,426)
Net current liabilities
Total assets less current liabilities
747
4,550
Trade and other payables: amounts falling due after more
than one year
(978)
-
6
(2,900)
(4,384)
Provisions for liabilities
(2,153)
Net liabilities
(812)
Capital and reserves
Called up share capital
100
100
Retained earnings
(2,253)
(912)
(2,153)
(812)
Shareholders' funds
For the year ended 31 March 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
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.
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4
For the year ended 31 March 2017
Paul Dollins Limited
Statement of Financial Position Continued
Paul Dollins Director
These financial statements were approved and authorised for issue by the Board on 30 September 2017 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2017
Paul Dollins Limited
Notes to the Financial Statements
Statutory Information
Paul Dollins Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 05419738.
Registered address:
PAUL DOLLINS ACCOUNTANTS
3A LABURNUM ROW
TORQUAY
TQ2 5QX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover represents amounts receivable for services. Amounts receivable for services performed over time are based upon the stage of completion of the services performed.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of 12 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10% Straight line
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
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6
For the year ended 31 March 2017
Paul Dollins Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 April 2016
4,367
At 31 March 2017
4,367
Amortisation
At 01 April 2016
2,467
1,900
Charge for year
At 31 March 2017
4,367
Net book value
At 31 March 2017
-
At 31 March 2016
1,900
During the year the policy in respect of Intangible Assets was revised to amortise Goodwill over 12 years from the
orginal cost date.
3. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or
valuation
At 01 April 2016
52,462
29,590
22,872
2,112
2,112
-
Additions
At 31 March 2017
22,872
31,702
54,574
Provision for depreciation and impairment
At 01 April 2016
29,196
17,765
11,431
Charge for year
9,205
3,484
5,721
At 31 March 2017
38,401
21,249
17,152
At 31 March 2017
Net book value
5,720
10,453
16,173
At 31 March 2016
11,441
11,825
23,266
During the year the policy in respect of Leasehold Property was revised to depreciate this asset over 10 years from
their orginal cost date. This reflects that the business's primary trading premsis has now been establised elsewhere
and these premises are for the sole working use of the director.
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7
For the year ended 31 March 2017
Paul Dollins Limited
Notes to the Financial Statements Continued
4. Trade and other receivables
2016
2017
£
£
Trade debtors
19,138
26,964
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
2,863
3,003
Taxation and social security
37,995
33,431
Directors' current accounts
4,074
19,287
Other creditors
2,577
-
47,509
55,721
6. Trade and other payables: amounts falling due after more than one year
2016
2017
£
£
Other creditors
-
978
7. Related party transactions
During the year the company paid Mr P Dollins, a director of the company, £1,080 (2016 - £1,080) for the provision
of office accommodation.
Dividends for which the company became liable during the year:
Dividends paid £48,000 (2016 - £48,000)
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