Deux Tete Building Consultancy Limited Company Accounts

DEUX TETE BUILDING CONSULTANCY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 05907718

Deux Tete Building Consultancy Limited

Filleted Unaudited Financial Statements

31 March 2017

Deux Tete Building Consultancy Limited

Financial Statements

Year ended 31 March 2017

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

The following pages do not form part of the financial statements

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	9

Deux Tete Building Consultancy Limited

Officers and Professional Advisers

Director	Mr R W Head

Company secretary	Mrs R A Head

Registered office	Unit 2 Charnwood House
	Marsh Road
	Ashton
	Bristol
	BS3 2NA

Accountants	Stone & Co
	Chartered accountant
	2 Charnwood House
	Marsh Road
	Ashton
	Bristol
	BS3 2NA

Deux Tete Building Consultancy Limited

Statement of Financial Position

31 March 2017

	2017		2016
Note	£	£	£

Fixed assets

Tangible assets	4		882	1,177

Current assets

Debtors	5	2,110	2,140
Cash at bank and in hand		1,720	9,972
		-------	--------
		3,830	12,112

Creditors: amounts falling due within one year	6	2,532		5,756
		-------		--------
Net current assets			1,298	6,356
			-------	-------
Total assets less current liabilities			2,180	7,533

Provisions

Taxation including deferred tax	176	235
	-------	-------
Net assets	2,004	7,298
	-------	-------

Deux Tete Building Consultancy Limited

Statement of Financial Position (continued)

31 March 2017

	2017		2016
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,904	7,198
	-------	-------
Shareholders funds	2,004	7,298
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 December 2017 , and are signed on behalf of the board by:

Mr R W Head
Director

Company registration number: 05907718

Deux Tete Building Consultancy Limited

Notes to the Financial Statements

Year ended 31 March 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 2 Charnwood House, Marsh Road, Ashton, Bristol, BS3 2NA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Transition to FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 April 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 9.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and Fittings	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Fixtures and fittings	Total
	£	£
Cost
At 1 April 2016 and 31 March 2017	5,060	5,060
	-------	-------
Depreciation
At 1 April 2016	3,883	3,883
Charge for the year	295	295
	-------	-------
At 31 March 2017	4,178	4,178
	-------	-------
Carrying amount
At 31 March 2017	882	882
	-------	-------
At 31 March 2016	1,177	1,177
	-------	-------

5. Debtors

	2017	2016
	£	£
Other debtors	2,110	2,140
	-------	-------

6. Creditors: amounts falling due within one year

	2017	2016
	£	£
Trade creditors	–	50
Corporation tax	200	2,900
Social security and other taxes	1,334	1,334
Other creditors	998	1,472
	-------	-------
	2,532	5,756
	-------	-------

7. Director's advances, credits and guarantees

During the year the directors maintained a loan account with the company. As at the year end the company owed £9 (2016: £483) to the directors.

8. Related party transactions

The company was under the control of Mr R W Head throughout the current and previous year. Mr R W Head is the managing director and majority shareholder. Mr R W Head is a partner of Deux Tete Properties. During the year there were purchases of £nil (2016: £nil) from Deux Tete Properties. At the year end £nil (2016: £nil) was owed to or from Deux Tete Properties. Mr R W Head is also a director of Henleaze Business Centre Limited. During the year there were purchases of £nil (2016: £nil) from Henleaze Business Centre Limited. At the year end £nil (2016: £nil) was included in trade creditors as owing to Henleaze Business Centre Limited, and £2,040 in prepayments representing a credit note due to be repaid.

9. Transition to FRS 102

These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 April 2015.

No transitional adjustments were required in equity or profit or loss for the year.

Deux Tete Building Consultancy Limited

Management Information

Year ended 31 March 2017

The following pages do not form part of the financial statements.

Deux Tete Building Consultancy Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Deux Tete Building Consultancy Limited

Year ended 31 March 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Deux Tete Building Consultancy Limited for the year ended 31 March 2017, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. Our work has been undertaken in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation.

Stone & Co Chartered accountant

2 Charnwood House Marsh Road Ashton Bristol BS3 2NA