DLD Joinery Limited - Accounts to registrar (filleted) - small 18.1

DLD JOINERY LIMITED - Company Information

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REGISTERED NUMBER: 03430241 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

DLD JOINERY LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

L M Francomb

D P Francomb

SECRETARY:

D P Francomb

REGISTERED OFFICE:

150 High Street

Sevenoaks

Kent

TN13 1XE

REGISTERED NUMBER:

03430241 (England and Wales)

ACCOUNTANTS:

Greenaway Chartered Accountants

150 High Street

Sevenoaks

Kent

TN13 1XE

FIXED ASSETS

Tangible assets

402,976

414,664

CURRENT ASSETS

Stocks

5,000

10,000

Debtors

30,687

65,201

Cash at bank

35,693

75,206

CREDITORS

Amounts falling due within one year

233,634

230,408

NET CURRENT LIABILITIES

(197,941

)

(155,202

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

205,035

259,462

CREDITORS

Amounts falling due after more than one
year

154,558

181,850

NET ASSETS

50,477

77,612

CAPITAL AND RESERVES

Called up share capital

50,003

Retained earnings

474

27,609

SHAREHOLDERS' FUNDS

50,477

77,612

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 29 June 2018 and were signed on its
behalf by:

L M Francomb - Director

D P Francomb - Director

1.	STATUTORY INFORMATION

DLD Joinery 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.

Plant and machinery etc

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

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 useful lives or the lease term, whichever is

shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

COST

At 1 October 2016

363,989

255,350

619,339

Additions

1,307

At 30 September 2017

363,989

256,657

620,646

DEPRECIATION

At 1 October 2016

204,675

Charge for year

12,995

At 30 September 2017

217,670

NET BOOK VALUE

At 30 September 2017

363,989

38,987

402,976

At 30 September 2016

363,989

50,675

414,664

Included in the net book value is £18,450 (2016 - £34,401) relating to assets held under hire purchase

agreements. The depreciation charged during the year amounted to £6,150 (2016 - £11,467).

DEBTORS

30/9/17

30/9/16

Amounts falling due within one year:

Trade debtors

22,110

50,055

Other debtors

8,577

12,863

30,687

62,918

Amounts falling due after more than one year:

Other debtors

2,283

Aggregate amounts

30,687

65,201

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/17

30/9/16

Bank loans and overdrafts

76,886

72,003

Hire purchase contracts

7,560

16,225

Trade creditors

31,526

40,034

Taxation and social security

73,312

37,267

Other creditors

44,350

64,879

233,634

230,408

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30/9/17

30/9/16

Bank loans

145,730

165,464

Hire purchase contracts

8,828

16,386

154,558

181,850

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

10,879

17,692

mortgage

59,870

76,741

70,749

94,433

8.	SECURED DEBTS

Bank loans are secured by way of two legal mortgage charges dated 19 August 2003 and 16 March

2006 over the property owned by the company.

Bank loans are also secured by:-

a) The fixtures and fittings of the company from time to time attached to the property.

b) The plant and machinery vehicles and computer equipment of the company now and in the future at

the property not regularly disposed of in the ordinary course of business and all associated warranties

and maintenance contracts.

c) The furniture furnishings equipment tools and other chattels of the company now and in the future at

the property and not regularly disposed of in the ordinary course of business.

d) The present and future goodwill of any business carried on at the property by or on behalf of the

company the rents receivable from any lease granted out of the property and the proceeds of any

insurance from time to time affecting the property or the assets referred to above.