David James Estate Agents Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08439910 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

David James Estate Agents Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Roys

D J Radford

Mrs R J Roys

REGISTERED OFFICE:

45B Plains Road

Mapperley

Nottingham

Nottinghamshire

NG3 5JU

REGISTERED NUMBER:

08439910 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Intangible assets

4

623,332

679,999

Property, plant and equipment

5

26,123

29,157

649,455

709,156

CURRENT ASSETS

Debtors

33,341

49,153

Cash at bank and in hand

179,142

316,845

212,483

365,998

CREDITORS

Amounts falling due within one year

132,325

379,564

NET CURRENT ASSETS/(LIABILITIES)

80,158

(13,566

)

TOTAL ASSETS LESS CURRENT LIABILITIES

729,613

695,590

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

729,513

695,490

SHAREHOLDERS' FUNDS

729,613

695,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 October 2017 and were signed on its behalf by:

D J Radford - Director

J Roys - Director

1.	STATUTORY INFORMATION

David James Estate Agents 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Office equipment

-

25% on cost

Fixtures and fittings

-

20% on cost

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 20 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 May 2016

and 30 April 2017

850,000

AMORTISATION

At 1 May 2016

170,001

Amortisation for year

56,667

At 30 April 2017

226,668

NET BOOK VALUE

At 30 April 2017

623,332

At 30 April 2016

679,999

5.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 May 2016

68,331

Additions

16,065

At 30 April 2017

84,396

DEPRECIATION

At 1 May 2016

39,174

Charge for year

19,099

At 30 April 2017

58,273

NET BOOK VALUE

At 30 April 2017

26,123

At 30 April 2016

29,157

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 May 2016

13,700

Transfer to ownership

(13,700

)

At 30 April 2017

-

DEPRECIATION

At 1 May 2016

6,850

Transfer to ownership

(6,850

)

At 30 April 2017

-

NET BOOK VALUE

At 30 April 2017

-

At 30 April 2016

6,850

6.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Hire purchase contracts

-

6,576

The hire purchase is secured by the director's personal guarantees.