Dougherty & Allen Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08443902 (England and Wales)

DOUGHERTY & ALLEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

P Dougherty

G R Wigginton

REGISTERED OFFICE:

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

REGISTERED NUMBER:

08443902 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie

Chartered Accountants

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

FIXED ASSETS

Tangible assets

4

210,856

170,253

Investments

5

1

1

210,857

170,254

CURRENT ASSETS

Stocks

31,933

22,405

Debtors

6

85,780

70,149

Cash at bank and in hand

4,684

13,761

122,397

106,315

CREDITORS

Amounts falling due within one year

7

(209,741

)

(187,337

)

NET CURRENT LIABILITIES

(87,344

)

(81,022

)

TOTAL ASSETS LESS CURRENT LIABILITIES

123,513

89,232

CREDITORS

Amounts falling due after more than one year

8

(60,242

)

(40,639

)

PROVISIONS FOR LIABILITIES

(18,174

)

(14,231

)

NET ASSETS

45,097

34,362

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

44,997

34,262

SHAREHOLDERS' FUNDS

45,097

34,362

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 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.

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 20 December 2017 and were signed on its behalf by:

P Dougherty - Director

G R Wigginton - Director

1.	STATUTORY INFORMATION

Dougherty & Allen 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.

No material uncertainties that may cast significant doubt about the ability of the company to continue as

a going concern have been identified by the directors. On this basis, the directors consider that the

adoption of the going concern basis of accounting is appropriate in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for sale of services in

the ordinary nature of the business and excludes value added tax. Revenue from services is recognised

when the service is provided and the revenue can be measured reliably.

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.

Plant & machinery

33% on cost and 20% on cost

Fixtures & fittings

20% reducing balance

Motor Vehicles

Over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value.

Financial instruments

Financial instruments are classified by the directors as basic or advanced, following the conditions in FRS

102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest

rate method. The company has no advanced financial instruments.

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 held under finance leases and hire purchase contracts, where substantially all the risks and rewards

of ownership of the asset have passed to the company, are capitalised in the balance sheet and

depreciated over the shorter of the lease term and their useful lives. The corresponding lease or hire

purchase obligation is treated in the balance sheet as a liability.

The finance element of the rental obligations is charged to the profit and loss account over the period of

the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals payable under operating leases are charged against income on a straight line basis over the lease

term.

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.

Investments

Fixed asset investments are stated at cost less provisions for impairments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2016 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

250,819

Additions

114,094

Disposals

(3,850

)

At 31 March 2017

361,063

DEPRECIATION

At 1 April 2016

80,566

Charge for year

70,924

Eliminated on disposal

(1,283

)

At 31 March 2017

150,207

NET BOOK VALUE

At 31 March 2017

210,856

At 31 March 2016

170,253

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

Plant and

machinery

etc

£

COST

At 1 April 2016

70,795

Additions

105,927

At 31 March 2017

176,722

DEPRECIATION

At 1 April 2016

9,498

Charge for year

39,611

At 31 March 2017

49,109

NET BOOK VALUE

At 31 March 2017

127,613

At 31 March 2016

61,297

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2016

and 31 March 2017

1

NET BOOK VALUE

At 31 March 2017

1

At 31 March 2016

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

78,577

59,843

Amounts owed by group undertakings

80

80

Other debtors

7,123

10,226

85,780

70,149

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts (see note 9)

42,257

22,342

Trade creditors

100,692

92,650

Taxation and social security

35,816

28,983

Other creditors

30,976

43,362

209,741

187,337

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts (see note 9)

45,242

40,639

Other creditors

15,000

-

60,242

40,639

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2017

2016

£

£

Net obligations repayable:

Within one year

42,257

22,342

Between one and five years

45,242

40,639

87,499

62,981

Non-cancellable

operating leases

2017

2016

£

£

Within one year

30,730

-

Between one and five years

70,976

-

In more than five years

43,225

-

144,931

-

10.	EXPLANATION OF TRANSITION TO FRS102 SECTION 1A

This is the first year that the company has presented its financial statements in accordance with the

provisions of Financial Reporting Standard 102 Section 1A Small Entities (FRS 102 1A) issued by the

Financial Reporting Council. The comparative amounts have been restated accordingly. Therefore the

date of transition is 1 April 2015.

There have been no changes to the accounting policies of the company as a consequence of adopting FRS

102 1A. As a result, upon transition to FRS 102 1A there has been no impact on the company's financial

position or financial performance.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Dougherty & Allen Limited for the year ended 31 March 2017 which comprise the Income

Statement, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dougherty & Allen Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dougherty & Allen Limited and state those matters that we have agreed to state to the Board of Directors of Dougherty & Allen Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dougherty & Allen Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dougherty & Allen Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Dougherty & Allen Limited. You consider that Dougherty & Allen Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dougherty & Allen Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any

rights against Bessler Hendrie for any purpose or in any context. Any party, other than the Directors, who obtain

access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie

Chartered Accountants

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

20 December 2017