Dopower Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 02637105 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Dopower Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Jonathan Needle

REGISTERED OFFICE:

Fern Lodge

117 Hazelwood Road

Duffield

Belper

Derbyshire

DE56 4AA

REGISTERED NUMBER:

02637105 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Goodwill and intangible assets

4

5,432

-

Tangible assets

5

208,493

26,157

213,925

26,157

CURRENT ASSETS

Stocks

250

100

Debtors

6

51,708

123,445

Cash at bank

71,016

139,448

122,974

262,993

CREDITORS

Amounts falling due within one year

7

10,729

4,912

NET CURRENT ASSETS

112,245

258,081

TOTAL ASSETS LESS CURRENT LIABILITIES

326,170

284,238

CAPITAL AND RESERVES

Called up share capital

375,642

375,642

Retained earnings

(49,472

)

(91,404

)

SHAREHOLDERS' FUNDS

326,170

284,238

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 20 December 2017 and were signed by:

Jonathan Needle - Director

1.	STATUTORY INFORMATION

Dopower 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

Turnover represents net invoiced sales, excluding value added tax. Turnover is accounted for in the period

in which the electricity is provided.

Goodwill and other intangible assets

Goodwill and other intangible assets, being the amounts paid in connection with the acquisition of a site

and turbine in 2017, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Buildings and Intakes

-

2% on cost

Long leasehold

-

over the period of the lease

Plant and machinery

-

5% on cost

Stocks

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

slow moving items.

Cost is calculated on a first in, first out basis.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences.

A deferred tax asset is only recognised if it is likely that future profits will be earned to utilise the trading

losses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	GOODWILL AND INTANGIBLE ASSETS

Goodwill

£

COST

Additions

6,790

At 31 March 2017

6,790

AMORTISATION

Charge for year

1,358

At 31 March 2017

1,358

NET BOOK VALUE

At 31 March 2017

5,432

5.	TANGIBLE FIXED ASSETS

Buildings

and

Long

Plant and

Intakes

leasehold

machinery

Totals

£

£

£

£

COST

At 1 April 2016

-

26,973

195,697

222,670

Additions

114,930

-

73,660

188,590

At 31 March 2017

114,930

26,973

269,357

411,260

DEPRECIATION

At 1 April 2016

-

816

195,697

196,513

Charge for year

2,299

272

3,683

6,254

At 31 March 2017

2,299

1,088

199,380

202,767

NET BOOK VALUE

At 31 March 2017

112,631

25,885

69,977

208,493

At 31 March 2016

-

26,157

-

26,157

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Trade debtors

39,638

15,295

Owed by parent undertaking

-

84,875

Prepayments

954

919

40,592

101,089

2017

2016

£

£

Amounts falling due after more than one year:

Deferred tax asset

11,116

22,356

Aggregate amounts

51,708

123,445

Deferred tax asset

2016

2015

£

£

Excess capital allowances

230

(610

)

Trading losses

22,125

28,500

22,355

27,890

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

11

14

Social security and other taxes

9,322

2,332

Accrued expenses

1,396

2,566

10,729

4,912

8.	RELATED PARTY DISCLOSURES

Derwent Hydroelectric Power Limited

The company's parent undertaking in which Jonathan Needle is a director and shareholder.

The amount of £84,875 which was owed by the parent company at 31 March 2016 was fully repaid during

the year.