Dougherty & Allen Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08443902 (England and Wales)

DOUGHERTY & ALLEN LIMITED

PREVIOUSLY KNOWN AS

DOUGHERTY EVENTS LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 14 MARCH 2013 TO 31 MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

7

DIRECTORS:

P Dougherty

G R Wigginton

N Allen

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

2

129,083

Investments

3

1

129,084

CURRENT ASSETS

Stocks

5,865

Debtors

59,183

Cash at bank

53,772

118,820

CREDITORS

Amounts falling due within one year

(171,747

)

NET CURRENT LIABILITIES

(52,927

)

TOTAL ASSETS LESS CURRENT LIABILITIES

76,157

PROVISIONS FOR LIABILITIES

(16,889

)

NET ASSETS

59,268

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

59,168

SHAREHOLDERS' FUNDS

59,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 11 December 2014 and were signed on its behalf by:

P Dougherty - Director

G R Wigginton - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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.

Plant and machinery etc

-

33% on cost and 20% on cost

Stocks

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

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date where transactions or events that result in an obligation to pay more tax in the

future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences

are differences between the company's taxable profits and its results as stated in the financial

statements.

Deferred tax is measured at the average tax rates that are expected to apply in the periods in which

timing differences are expected to reverse, based on tax rates and laws that have been enacted or

substantially enacted by the balances sheet date. Deferred tax is measured on a non-discounted basis.

Investments

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

143,529

At 31 March 2014

143,529

DEPRECIATION

Charge for period

14,446

At 31 March 2014

14,446

NET BOOK VALUE

At 31 March 2014

129,083

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

1

At 31 March 2014

1

NET BOOK VALUE

At 31 March 2014

1

The company's investments at the balance sheet date in the share capital of companies include the

following:

KARAT Events Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount owed to P Dougherty of £9,896. During the year, P Dougherty

incurred expenses on behalf of the company totalling £31,874. The company reimbursed amounts to the

director totalling £21,978.

Included in other creditors is an amount owed to G R Wigginton of £25,183. During the year, G R

Wigginton introduced working capital of £50,000 and incurred expenses of £74,976 on behalf of the

company. The company reimbursed amounts to the director totalling £99,793.

Also included in other creditors is an amount owed to N Allen of £2,933. During the year, N Allen

incurred expenses on behalf of the company totalling £9,980. The company reimbursed amounts to the

director totalling £7,047.

At no point during the year were any amounts outstanding to the company by the Directors.

6.	POST BALANCE SHEET EVENTS

Since the year end, on 7 November 2014, the company reclassified the allotted Ordinary £1 share

capital totalling £100 as six separate classes of ordinary shares, ranging from Ordinary A shares to

Ordinary F shares. No new share capital was issued during the reclassification.

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

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to six) have been prepared.

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 period ended 31 March 2014 which comprise

the Profit and Loss Account, the 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 at icaew.com/membershandbook.

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 AAF 2/10 as detailed at

icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to

anyone other than the company and its 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 period.

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

11 December 2014