Dobbyman Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04424996 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2017 TO 31 AUGUST 2018

FOR

DOBBYMAN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Dobby

REGISTERED OFFICE:

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

REGISTERED NUMBER:

04424996 (England and Wales)

ACCOUNTANTS:

Edwards Chartered Accountants

409-411 Croydon Road

Beckenham

Kent

BR3 3PP

FIXED ASSETS

Tangible assets

4

52,011

61,819

CURRENT ASSETS

Stocks

196,928

213,951

Debtors

5

211,815

329,497

Cash at bank and in hand

263,338

198,495

672,081

741,943

CREDITORS

Amounts falling due within one year

6

257,184

206,598

NET CURRENT ASSETS

414,897

535,345

TOTAL ASSETS LESS CURRENT LIABILITIES

466,908

597,164

CREDITORS

Amounts falling due after more than one year

7

(14,108

)

(6,329

)

PROVISIONS FOR LIABILITIES

(9,882

)

(7,341

)

NET ASSETS

442,918

583,494

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

442,818

583,394

SHAREHOLDERS' FUNDS

442,918

583,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 September 2018 and were signed by:

A A Morgan - Director

1.	STATUTORY INFORMATION

Dobbyman Ltd 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

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 period 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 period 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.

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 estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2017 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 March 2017

21,265

63,233

141,795

226,293

Additions

-

1,475

45,536

47,011

Disposals

-

-

(117,335

)

(117,335

)

At 31 August 2018

21,265

64,708

69,996

155,969

DEPRECIATION

At 1 March 2017

18,423

50,785

95,266

164,474

Charge for period

1,066

4,871

12,495

18,432

Eliminated on disposal

-

-

(78,948

)

(78,948

)

At 31 August 2018

19,489

55,656

28,813

103,958

NET BOOK VALUE

At 31 August 2018

1,776

9,052

41,183

52,011

At 28 February 2017

2,842

12,448

46,529

61,819

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 March 2017

62,930

Additions

30,600

Disposals

(62,930

)

At 31 August 2018

30,600

DEPRECIATION

At 1 March 2017

36,058

Charge for period

4,462

Eliminated on disposal

(36,058

)

At 31 August 2018

4,462

NET BOOK VALUE

At 31 August 2018

26,138

At 28 February 2017

26,872

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

105,775

155,483

Other debtors

106,040

174,014

211,815

329,497

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts

9,958

9,107

Trade creditors

243,620

179,809

Taxation and social security

3,586

17,646

Other creditors

20

36

257,184

206,598

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

14,108

6,329

8.	TRANSACTIONS WITH DIRECTORS

Dividends of £59,026 were voted to Mr Dobby during the period that he acted as a director.

9.	RELATED PARTY DISCLOSURES

The company paid £71,331 (2017: £50,000) in respect of property rental and service charges to Dobbyman

Investments Limited, a company under common control.

The company also charged Dobbyman Investments Limited £4,838 (2017: £7,425) in loan interest.

These amounts are considered to be fair market value.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A A Morgan.