Dorset Stone Company Ltd - Accounts to registrar (filleted) - small 18.1
Dorset Stone Company Ltd - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| FOR |
| DORSET STONE COMPANY LTD |
| DORSET STONE COMPANY LTD (REGISTERED NUMBER: 04884423) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| DORSET STONE COMPANY LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| Director: |
| Registered office: |
| Business address: |
| Registered number: |
| Accountants: |
| 7 & 8 Church Street |
| Wimborne |
| Dorset |
| BH21 1JH |
| Bankers: |
| 503 Ringwood Road |
| Ferndown |
| Dorset |
| BH22 9BL |
| DORSET STONE COMPANY LTD (REGISTERED NUMBER: 04884423) |
| BALANCE SHEET |
| 30 SEPTEMBER 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities | ( |
) | ( |
) |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings | ( |
) | ( |
) |
| Shareholders' funds | ( |
) | ( |
) |
| The director acknowledges her 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
| The financial statements were approved by the director on |
| DORSET STONE COMPANY LTD (REGISTERED NUMBER: 04884423) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| 1. | Statutory information |
| Dorset Stone Limited is a private company, limited by shares, registered in England and Wales. The company's registered |
| number is 04884423. The registered office is 7 & 8 Church Street, Wimborne, BH21 1JH and business address is 3 Dell Close, |
| Broadstone, BH18 9NL. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| There was a net deficiency of assets at the balance sheet date, however the director has confirmed continued support and |
| consider the company retains sufficient working capital to continue trading for the following 12 months. |
| Turnover |
| Turnover represents income received from stone quarrying net of VAT and trade discounts. |
| Licences |
| Licences for quarrying rights and their associated costs are amortised over the life of the licence obtained. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stock and Work In Progress are valued at the lower of cost and net realisable value. |
| 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 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. |
| Dorset Stone Company Limited has taxable losses carried forward of £183,765 to offset against future trading profits. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| DORSET STONE COMPANY LTD (REGISTERED NUMBER: 04884423) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| 4. | Intangible fixed assets |
| Licences |
| £ |
| Cost |
| At 1 October 2016 |
| Additions |
| At 30 September 2017 |
| Amortisation |
| At 1 October 2016 |
| Amortisation for year |
| At 30 September 2017 |
| Net book value |
| At 30 September 2017 |
| At 30 September 2016 |
| 5. | Tangible fixed assets |
| Improvements | Fixtures |
| to | Plant and | and | Motor |
| property | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 October 2016 |
| and 30 September 2017 |
| Depreciation |
| At 1 October 2016 |
| Charge for year |
| At 30 September 2017 |
| Net book value |
| At 30 September 2017 |
| At 30 September 2016 |
| 6. | Debtors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Trade debtors |
| Other debtors | 5,816 | 3,780 |
| DORSET STONE COMPANY LTD (REGISTERED NUMBER: 04884423) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
| 7. | Creditors: amounts falling due within one year |
| 2017 | 2016 |
| £ | £ |
| Trade creditors |
| PAYE | 10,894 | 9,441 |
| VAT | 8,317 | 1,819 |
| Pension liability | 238 | - |
| Other creditors | 51,947 | 51,947 |
| Directors' current accounts | 158,842 | 191,352 |
| Accruals and deferred income |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 9. | Ultimate controlling party |
| The company is controlled by the director Mrs C Hoof who holds 67% of the company share capital. |