Dougherty & Allen Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08443902 (England and Wales)

DOUGHERTY & ALLEN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

P Dougherty

G R Wigginton

REGISTERED OFFICE:

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

REGISTERED NUMBER:

08443902 (England and Wales)

ACCOUNTANTS:

Bessler Hendrie LLP

Chartered Accountants

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

FIXED ASSETS

Tangible assets

4

154,688

210,856

Investments

5

-

1

154,688

210,857

CURRENT ASSETS

Stocks

47,000

31,933

Debtors

6

71,590

85,780

Cash at bank and in hand

20,948

4,684

139,538

122,397

CREDITORS

Amounts falling due within one year

7

(346,706

)

(209,741

)

NET CURRENT LIABILITIES

(207,168

)

(87,344

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(52,480

)

123,513

CREDITORS

Amounts falling due after more than one year

8

(20,120

)

(60,242

)

PROVISIONS FOR LIABILITIES

(18,157

)

(18,174

)

NET (LIABILITIES)/ASSETS

(90,757

)

45,097

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(90,857

)

44,997

SHAREHOLDERS' FUNDS

(90,757

)

45,097

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 28 November 2018 and were signed on its behalf by:

P Dougherty - Director

G R Wigginton - Director

1.	STATUTORY INFORMATION

Dougherty & Allen 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.

No material uncertainties that may cast significant doubt about the ability of the company to continue as a

going concern have been identified by the directors. On this basis, the directors consider that the adoption of

the going concern basis of accounting is appropriate in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for sale of services in the

ordinary nature of the business and excludes value added tax. Revenue from services is recognised when the

service is provided and the revenue can be measured reliably.

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 & machinery

33% on cost and 20% on cost

Fixtures & fittings

20% reducing balance

Motor Vehicles

Over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value.

Financial instruments

Financial instruments are classified by directors as basic or advanced following the conditions on FRS 102

Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost)

and subsequently recognised at amortised cost using the effective interest method. The company does not

have any advanced financial instruments.

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

Assets held under finance leases and hire purchase contracts, where substantially all the risks and rewards of

ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over

the shorter of the lease term and their useful lives. The corresponding lease or hire purchase obligation is

treated in the balance sheet as a liability.

The finance element of the rental obligations is charged to the profit and loss account over the period of the

lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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.

Investments

Fixed asset investments are stated at cost less provisions for impairments.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2017 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

361,063

Additions

14,899

At 31 March 2018

375,962

DEPRECIATION

At 1 April 2017

150,207

Charge for year

71,067

At 31 March 2018

221,274

NET BOOK VALUE

At 31 March 2018

154,688

At 31 March 2017

210,856

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

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

176,722

DEPRECIATION

At 1 April 2017

49,109

Charge for year

43,804

At 31 March 2018

92,913

NET BOOK VALUE

At 31 March 2018

83,809

At 31 March 2017

127,613

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2017

1

Disposals

(1

)

At 31 March 2018

-

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

50,437

78,577

Amounts owed by group undertakings

-

80

Other debtors

21,153

7,123

71,590

85,780

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Hire purchase contracts (see note 9)

35,922

42,257

Trade creditors

168,528

100,692

Taxation and social security

122,031

35,816

Other creditors

20,225

30,976

346,706

209,741

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts (see note 9)

9,320

45,242

Other creditors

10,800

15,000

20,120

60,242

Included within other creditors, falling due in more than one year, is a loan from Carlsberg UK Limited with a

loan term of three years effective March 2017 and subject to interest at a rate of 12% above the Bank of

England base rate.

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2018

2017

£

£

Net obligations repayable:

Within one year

35,922

42,257

Between one and five years

9,320

45,242

45,242

87,499

Non-cancellable operating

leases

2018

2017

£

£

Within one year

28,948

30,730

Between one and five years

55,328

70,976

In more than five years

29,925

43,225

114,201

144,931

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, included within other debtors is £12,269 (2017: £5,886 owed to) owed by a director of the

company. The loan is interest free with no specific terms of repayment. The loan was repaid within 9 months

of the period end.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a

Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Dougherty & Allen Limited for the year ended 31 March 2018 which comprise the Income

Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Dougherty & Allen Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Dougherty & Allen Limited and state those matters that we have agreed to state to the Board of Directors of Dougherty & Allen Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dougherty & Allen Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Dougherty & Allen Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Dougherty & Allen Limited. You consider that Dougherty & Allen Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Dougherty & Allen Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights

against Bessler Hendrie LLP for any purpose or in any context. Any party, other than the Directors, who obtain access

to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.

Bessler Hendrie LLP

Chartered Accountants

Albury Mill

Mill Lane

Chilworth

Guildford

Surrey

GU4 8RU

28 November 2018