Davis, French & Associates Ltd - Accounts to registrar (filleted) - small 18.2

Davis, French & Associates Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 06378519 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

DAVIS, FRENCH & ASSOCIATES LTD

DAVIS, FRENCH & ASSOCIATES LTD (REGISTERED NUMBER: 06378519)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVIS, FRENCH & ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2017







DIRECTORS: Dr G J French
N J Davis





REGISTERED OFFICE: Old Hall
21 Kiveton Lane
Todwick
Sheffield
South Yorkshire
S26 1HJ





REGISTERED NUMBER: 06378519 (England and Wales)





ACCOUNTANTS: Thorpes Limited
54 Moorgate Crofts Business Centre
South Grove
Rotherham
South Yorkshire
S60 2DH

DAVIS, FRENCH & ASSOCIATES LTD (REGISTERED NUMBER: 06378519)

BALANCE SHEET
31 DECEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 185,173 26,216

CURRENT ASSETS
Debtors 5 617,835 689,087
Cash at bank 937,165 831,249
1,555,000 1,520,336
CREDITORS
Amounts falling due within one year 6 319,815 376,404
NET CURRENT ASSETS 1,235,185 1,143,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,420,358

1,170,148

PROVISIONS FOR LIABILITIES 23,466 -
NET ASSETS 1,396,892 1,170,148

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,396,692 1,169,948
SHAREHOLDERS' FUNDS 1,396,892 1,170,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

DAVIS, FRENCH & ASSOCIATES LTD (REGISTERED NUMBER: 06378519)

BALANCE SHEET - continued
31 DECEMBER 2017


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 19 September 2018 and were signed on its behalf
by:





Dr G J French - Director


DAVIS, FRENCH & ASSOCIATES LTD (REGISTERED NUMBER: 06378519)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1. STATUTORY INFORMATION

Davis, French & Associates 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 recognised net of VAT, when the company obtains the right to consideration on services supplied
during the year.

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 - 33% on cost, 25% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments
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 year was 11 (2016 - 9 ) .

DAVIS, FRENCH & ASSOCIATES LTD (REGISTERED NUMBER: 06378519)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2017

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017 60,042
Additions 208,196
At 31 December 2017 268,238
DEPRECIATION
At 1 January 2017 33,826
Charge for year 49,239
At 31 December 2017 83,065
NET BOOK VALUE
At 31 December 2017 185,173
At 31 December 2016 26,216

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 611,882 687,572
Other debtors 5,953 1,515
617,835 689,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 74,590 6,977
Taxation and social security 179,409 284,765
Other creditors 65,816 84,662
319,815 376,404

7. CONTROLLING PARTY

The controlling party is Dr G J French.