Daddon Moor Construction Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05272029 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 October 2017

for

Daddon Moor Construction Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr D Bushby

Mr A J Jewell

Mr B Parkhouse

Mr A D Williams

REGISTERED OFFICE:

69 High Street

Bideford

Devon

EX39 2AT

REGISTERED NUMBER:

05272029 (England and Wales)

ACCOUNTANTS:

R T Marke & Co Ltd

Chartered Accountants

69 High Street

Bideford

Devon

EX39 2AT

CURRENT ASSETS

Stocks

101,787

101,787

Debtors

5

-

100

Cash at bank

-

10

101,787

101,897

CREDITORS

Amounts falling due within one year

6

116,347

115,907

NET CURRENT LIABILITIES

(14,560

)

(14,010

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(14,560

)

(14,010

)

CAPITAL AND RESERVES

Called up share capital

7

400

400

Retained earnings

(14,960

)

(14,410

)

SHAREHOLDERS' FUNDS

(14,560

)

(14,010

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 11 October 2018 and were signed on its behalf by:

Mr B Parkhouse - Director

1.	STATUTORY INFORMATION

Daddon Moor Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and

remain unchanged from the previous period, and also have been consistently applied within the same accounts.

These financial statements are the first financial statements to comply with FRS 102 Section 1A small entities.

The date of transition is the first day of the previous accounting period.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Financial instruments

Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at

transaction price. Any losses arising from impairment are recognised in the profit and loss account in

administrative expenses. Loans and borrowings are initially recognised at the transaction price including

transaction costs.

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.

Going concern

The company has retained losses of £14,960 (2016 - £14,410). It also has net current liabilities of £14,560 (2016

- £14,010) and net liabilities of £14,560 (2016 - £14,010).

The company is reliant on the continuing financial support of its creditors and while there are no reasons to

doubt that this support will continue, inherently there can be no certainty in relation to these matters. On this

basis, and having regard to the company's anticipated future revenues and costs including repayment of debt

where appropriate, together with the expected availability of working capital, the directors consider it

appropriate to prepare the financial statements on the going concern basis. The financial statements do not

include any adjustments that would result from an inability to meet obligations as they fall due.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2016 - NIL).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

-

100

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

238

353

Other creditors

116,109

115,554

116,347

115,907

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

400

Ordinary shares

£1

400

400

8.	FIRST YEAR ADOPTION

No adjustments to accounting policies or equity have been required as a result of the transition to FRS 102

Section 1A in these financial statements.