D R Communications Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05042330 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

D R COMMUNICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D A Roberts

Mrs K Roberts

SECRETARY:

Mrs K Roberts

REGISTERED OFFICE:

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

BUSINESS ADDRESS:

10 Kingsclere Business Park

Kingsclere

Newbury

Berkshire

RG20 4SW

REGISTERED NUMBER:

05042330 (England and Wales)

FIXED ASSETS

Intangible assets

5

103,570

-

Tangible assets

6

205,012

65,606

Investments

7

115,000

25,000

423,582

90,606

CURRENT ASSETS

Stocks

8,298

8,002

Debtors

8

1,265,449

739,713

Cash at bank and in hand

1,547,654

2,340,361

2,821,401

3,088,076

CREDITORS

Amounts falling due within one year

9

1,669,978

2,056,424

NET CURRENT ASSETS

1,151,423

1,031,652

TOTAL ASSETS LESS CURRENT LIABILITIES

1,575,005

1,122,258

PROVISIONS FOR LIABILITIES

35,188

9,139

NET ASSETS

1,539,817

1,113,119

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

1,539,815

1,113,117

SHAREHOLDERS' FUNDS

1,539,817

1,113,119

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 22 June 2018 and were signed on its behalf by:

Mr D A Roberts - Director

1.	STATUTORY INFORMATION

D R Communications 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

This is the first year that the company has presented its financial statements under Section 1A "Small Entities" of

Financial Reporting Standard 102 (FRS 102 Section 1A) issued by the Financial Reporting Council. The last

financial statements, for the year ended 30 September 2016, were prepared under previous UK GAAP. The

transition date to FRS 102 Section 1A is therefore 1 October 2015.

Adopting FRS 102 Section 1A has not resulted in any changes to the company's existing accounting policies

which were being applied prior to transition. There was no change to the reported profit and loss account or

closing equity position of the business for the year ended 30 September 2016 as a result of the transition, nor to

the opening equity position at the date of transition.

Turnover

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

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is fully amortised.

Goodwill, being the amount paid in connection with the acquisition of a customer base in this period, is being

amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% straight line

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Equipment

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company contributes to a defined contribution pension scheme. Contributions payable to the pension

scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative

expenses.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with

the lessor are charged against profits on a straight line basis over the period of the lease.

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction

costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or

their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2016 - 12 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2016

320,000

Additions

124,284

At 30 September 2017

444,284

AMORTISATION

At 1 October 2016

320,000

Amortisation for year

20,714

At 30 September 2017

340,714

NET BOOK VALUE

At 30 September 2017

103,570

At 30 September 2016

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 October 2016

38,289

29,613

26,372

Additions

4,700

-

2,310

At 30 September 2017

42,989

29,613

28,682

DEPRECIATION

At 1 October 2016

21,575

24,105

19,218

Charge for year

4,220

1,377

2,269

At 30 September 2017

25,795

25,482

21,487

NET BOOK VALUE

At 30 September 2017

17,194

4,131

7,195

At 30 September 2016

16,714

5,508

7,154

Motor

vehicles

Equipment

Totals

£

£

£

COST

At 1 October 2016

5,500

73,457

173,231

Additions

103,097

60,000

170,107

At 30 September 2017

108,597

133,457

343,338

DEPRECIATION

At 1 October 2016

5,265

37,462

107,625

Charge for year

2,178

20,657

30,701

At 30 September 2017

7,443

58,119

138,326

NET BOOK VALUE

At 30 September 2017

101,154

75,338

205,012

At 30 September 2016

235

35,995

65,606

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 October 2016

25,000

Additions

90,000

At 30 September 2017

115,000

NET BOOK VALUE

At 30 September 2017

115,000

At 30 September 2016

25,000

The directors do not consider the market value of listed investments as at 30 September 2017 to be materially

different to the cost value. Investments have therefore been included in the financial statements at cost.

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

587,149

598,487

Other debtors

678,300

141,226

1,265,449

739,713

Included in other debtors is £120,950 (2016: £141,226) in relation to prepayments and accrued income.

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

420,683

568,411

Taxation and social security

271,114

226,403

Other creditors

978,181

1,261,610

1,669,978

2,056,424

Included in other creditors is £13,523 (2016: £72,299) in relation to accruals and deferred income.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

2

Ordinary

£1

2

2

11.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet

amount to £54,000 (2016: £72,000).

This amount is in relation to operating lease commitments which are payable over the next three years (2016:

four years).