Dodd Estates (UK) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04523920 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Dodd Estates (UK) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C E Dodd

SECRETARY:

Mrs P K Dodd

REGISTERED OFFICE:

7 Bath Street

Ilkeston

Derbyshire

DE7 8AH

REGISTERED NUMBER:

04523920 (England and Wales)

FIXED ASSETS

Intangible assets

5

114,000

128,250

Tangible assets

6

2,916

3,888

116,916

132,138

CURRENT ASSETS

Debtors

7

29,102

25,262

Cash at bank and in hand

226,261

245,767

255,363

271,029

CREDITORS

Amounts falling due within one year

8

245,749

279,931

NET CURRENT ASSETS/(LIABILITIES)

9,614

(8,902

)

TOTAL ASSETS LESS CURRENT LIABILITIES

126,530

123,236

CREDITORS

Amounts falling due after more than one year

9

-

1,117

NET ASSETS

126,530

122,119

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

126,430

122,019

SHAREHOLDERS' FUNDS

126,530

122,119

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 director acknowledges his 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 director on 30 October 2017 and were signed by:

C E Dodd - Director

1.	STATUTORY INFORMATION

Dodd Estates (UK) Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention and are presented in

Pounds Sterling (£) being the functional currency.

The financial statements have been prepared on the assumption that the company is able to carry on

business as a going concern, which the director considers appropriate having regard to the company's

current and expected performance.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102

'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related

party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents the

value of services provided under contracts, to the extent that there is a right to consideration, and is

recorded at the value of the consideration due. Where a contract has only been partially completed at

the balance sheet date turnover represents the value of the service provided to date based on a

proportion of the total contract value. Where payments are received from customers in advance of

services provided, the amounts are recorded as Deferred Income and included as part of Creditors due

within one year.

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.

Goodwill is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

25% on reducing balance

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period

of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2016 - 8 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

285,000

AMORTISATION

At 1 April 2016

156,750

Amortisation for year

14,250

At 31 March 2017

171,000

NET BOOK VALUE

At 31 March 2017

114,000

At 31 March 2016

128,250

6.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2016

and 31 March 2017

15,339

DEPRECIATION

At 1 April 2016

11,451

Charge for year

972

At 31 March 2017

12,423

NET BOOK VALUE

At 31 March 2017

2,916

At 31 March 2016

3,888

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

5,265

9,179

Amounts owed by group undertakings

23,837

16,083

29,102

25,262

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

1,007

5,595

Taxation and social security

30,277

39,739

Other creditors

214,465

234,597

245,749

279,931

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

-

1,117

10.	LEASING AGREEMENTS

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

2017

2016

£

£

Within one year

8,376

10,895

Between one and five years

5,751

14,127

14,127

25,022

11.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

1,007

6,712

The bank loan is secured by way of a fixed and floating charge over the assets of the company.

12.	FIRST YEAR ADOPTION

These financial statements for the year ended 31 March 2017 are the first financial statements that

comply with FRS 102 Section 1A small entities. The date of transition is 1 April 2015.

The transition to FRS 102 Section 1A small entities has not resulted in any changes in accounting

policies to those used previously and therefore has not impacted on reported results for the prior year

nor on opening equity.