David Holmes (UK) Limited Filleted accounts for Companies House (small and micro)
David Holmes (UK) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
06363414
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For the year ended |
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Statement of Financial Position |
2017 |
2016 |
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Note |
£ |
£ |
£ |
Current assets
Debtors |
5 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
6 |
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Net current liabilities |
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Total assets less current liabilities |
(
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(
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Net liabilities |
(
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(
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Capital and reserves
Called up share capital |
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Profit and loss account |
(
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(
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Shareholder deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
Director's responsibilities:
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The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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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
18 May 2018
, and are signed on behalf of the board by:
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Director |
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Company registration number:
06363414
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Notes to the Financial Statements |
Year ended 30 September 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 The Old Emporium, Bow Street, Langport, Somerset, TA10 9PQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Going concern
The company had net current liabilities of £3,231 at 30 September 2017. The director has reviewed the company's current trading position and believes that with his continued support it has sufficient resources and is well placed to manage its business risks successfully despite the current economic outlook. After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the director continues to adopt the going concern basis in preparing the accounts.
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1 October 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 8.
Revenue recognition
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year was 1 (2016:1).
5.
Debtors
2017 |
2016 |
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£ |
£ |
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Trade debtors |
– |
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Other debtors |
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– |
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6.
Creditors:
amounts falling due within one year
2017 |
2016 |
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£ |
£ |
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Trade creditors |
– |
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Social security and other taxes |
– |
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Other creditors |
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7.
Related party transactions
During the year David Holmes Consulting Limited, a company of which
Mr D Holmes
is also a director, paid expenses on behalf of the company amounting to £600 (2016: £540). At the year end £3,520 (2016: £2,920) was owed to David Holmes Consulting Limited and is included in other creditors.
8.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 October 2015.
No transitional adjustments were required in equity or profit or loss for the year.