Davenports School & Leisure Outfitters Limited - Period Ending 2017-09-30
Davenports School & Leisure Outfitters Limited - Period Ending 2017-09-30
Registration number:
Davenports School & Leisure Outfitters Limited
for the Period from 1 April 2016 to 30 September 2017
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
Davenports School & Leisure Outfitters Limited
Contents
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Balance Sheet |
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Notes to the Financial Statements |
Davenports School & Leisure Outfitters Limited
(Registration number: 04353822)
Balance Sheet as at 30 September 2017
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2016 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current (liabilities)/assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Provisions for liabilities |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Page 1 |
Davenports School & Leisure Outfitters Limited
(Registration number: 04353822)
Balance Sheet as at 30 September 2017
For the financial period ending 30 September 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and Director's Report has been taken.
Approved and authorised by the
.........................................
Director
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Page 2 |
Davenports School & Leisure Outfitters Limited
Notes to the Financial Statements for the Period from 1 April 2016 to 30 September 2017
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General information |
The company is a private company limited by share capital, incorporated in England & Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
25% on reducing balance |
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Fixtures and fittings |
25% on reducing balance |
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Computer equipment |
33% on cost |
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Page 3 |
Davenports School & Leisure Outfitters Limited
Notes to the Financial Statements for the Period from 1 April 2016 to 30 September 2017
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
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Asset class |
Amortisation method and rate |
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Goodwill |
10% on cost |
Stocks
Stocks are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow moving items.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
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Page 4 |
Davenports School & Leisure Outfitters Limited
Notes to the Financial Statements for the Period from 1 April 2016 to 30 September 2017
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Intangible assets |
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Goodwill |
Total |
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Cost or valuation |
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At 1 April 2016 |
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At 30 September 2017 |
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Amortisation |
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At 1 April 2016 |
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Amortisation charge |
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At 30 September 2017 |
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Carrying amount |
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At 30 September 2017 |
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At 31 March 2016 |
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Tangible assets |
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Furniture, fittings and equipment |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 April 2016 |
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At 30 September 2017 |
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Depreciation |
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At 1 April 2016 |
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Charge for the period |
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At 30 September 2017 |
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Carrying amount |
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At 30 September 2017 |
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At 31 March 2016 |
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Stocks |
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2017 |
2016 |
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Finished goods and goods for resale |
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Page 5 |
Davenports School & Leisure Outfitters Limited
Notes to the Financial Statements for the Period from 1 April 2016 to 30 September 2017
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Debtors |
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2017 |
2016 |
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Other debtors |
- |
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- |
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Page 6 |
Davenports School & Leisure Outfitters Limited
Notes to the Financial Statements for the Period from 1 April 2016 to 30 September 2017
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Creditors |
Creditors: amounts falling due within one year
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Note |
2017 |
2016 |
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Due within one year |
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Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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2017 |
2016 |
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Current loans and borrowings |
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Bank borrowings |
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Bank overdrafts |
- |
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Other borrowings |
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Creditors: amounts falling due after more than one year
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Note |
2017 |
2016 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
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2017 |
2016 |
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Non-current loans and borrowings |
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Bank borrowings |
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Other borrowings |
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Page 7 |
Davenports School & Leisure Outfitters Limited
Notes to the Financial Statements for the Period from 1 April 2016 to 30 September 2017
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2017 |
2016 |
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Current loans and borrowings |
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Bank borrowings |
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Bank overdrafts |
- |
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Other borrowings |
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Page 8 |