Dynahurst Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 01679820 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2017

FOR

DYNAHURST LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Dewhurst

Mrs C V Dewhurst

Mrs G Shaw

Mrs N Atkinson

SECRETARY:

Mrs C V Dewhurst

REGISTERED OFFICE:

327 Clifton Drive South

Lytham St. Annes

Lancashire

FY8 1HN

REGISTERED NUMBER:

01679820 (England and Wales)

ACCOUNTANTS:

Whitehead & Howarth

327 Clifton Drive South

Lytham St Annes

Lancashire

FY8 1HN

BANKERS:

NatWest Bank plc

Stone Staffs Branch

Granville Square

Stone

Staffordshire

ST18 8AE

FIXED ASSETS

Tangible assets

4

55,134

72,250

CURRENT ASSETS

Debtors

5

918,771

1,063,904

Cash at bank

486,704

482,912

1,405,475

1,546,816

CREDITORS

Amounts falling due within one year

6

987,444

1,184,155

NET CURRENT ASSETS

418,031

362,661

TOTAL ASSETS LESS CURRENT LIABILITIES

473,165

434,911

CREDITORS

Amounts falling due after more than one year

7

43,547

51,116

NET ASSETS

429,618

383,795

CAPITAL AND RESERVES

Called up share capital

9

10,000

10,000

Retained earnings

419,618

373,795

SHAREHOLDERS' FUNDS

429,618

383,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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 15th March 2018 and were signed on its behalf by:

Mr D Dewhurst - Director

1.	STATUTORY INFORMATION

Dynahurst 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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

lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1st December 2016

7,257

28,686

69,969

105,912

Additions

-

857

-

857

At 30th November 2017

7,257

29,543

69,969

106,769

DEPRECIATION

At 1st December 2016

6,974

23,569

3,119

33,662

Charge for year

57

1,196

16,720

17,973

At 30th November 2017

7,031

24,765

19,839

51,635

NET BOOK VALUE

At 30th November 2017

226

4,778

50,130

55,134

At 30th November 2016

283

5,117

66,850

72,250

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

Motor

vehicles

£

COST

At 1st December 2016

and 30th November 2017

69,969

DEPRECIATION

At 1st December 2016

3,119

Charge for year

16,720

At 30th November 2017

19,839

NET BOOK VALUE

At 30th November 2017

50,130

At 30th November 2016

66,850

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/17

30/11/16

£

£

Trade debtors

892,979

1,029,901

Bank trade debtor financing

20,015

26,392

Directors' current accounts

-

566

Prepayments

5,777

7,045

918,771

1,063,904

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/17

30/11/16

£

£

Hire purchase contracts

7,569

7,569

Trade creditors

944,293

1,121,294

Tax

15,425

37,645

Social security and other taxes

3,036

3,494

VAT

13,836

12,153

Directors' current accounts

1,285

-

Accrued expenses

2,000

2,000

987,444

1,184,155

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/17

30/11/16

£

£

Hire purchase contracts

43,547

51,116

8.	SECURED DEBTS

The following secured debts are included within creditors:

30/11/17

30/11/16

£

£

Hire purchase contracts

51,116

58,685

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/17

30/11/16

value:

£

£

10,000

Ordinary

£1

10,000

10,000

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the issued share capital.