Daw Green Contracts Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02003119 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2018

FOR

DAW GREEN CONTRACTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Paul Thomas Jackson

Craig Anthony Nichols

Alan Ruddock

SECRETARY:

Denise Ann Ward

REGISTERED OFFICE:

Lion Works

Webster Street

Dewsbury

West Yorkshire

WF13 2LY

REGISTERED NUMBER:

02003119 (England and Wales)

ACCOUNTANTS:

Walter Dawson & Son

7 Wellington Road East

Dewsbury

West Yorkshire

WF13 1HF

FIXED ASSETS

Tangible assets

4

849,656

882,584

CURRENT ASSETS

Stocks

147,525

307,454

Debtors

5

497,034

411,649

Cash at bank and in hand

73,720

83,632

718,279

802,735

CREDITORS

Amounts falling due within one year

6

571,197

591,245

NET CURRENT ASSETS

147,082

211,490

TOTAL ASSETS LESS CURRENT LIABILITIES

996,738

1,094,074

CREDITORS

Amounts falling due after more than one year

7

(268,102

)

(320,479

)

PROVISIONS FOR LIABILITIES

(19,493

)

(23,278

)

NET ASSETS

709,143

750,317

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Profit and loss account

689,143

730,317

709,143

750,317

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 2nd November 2018 and were signed on its behalf by:

Paul Thomas Jackson - Director

Craig Anthony Nichols - Director

1.	STATUTORY INFORMATION

Daw Green Contracts 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.

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.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in

the same manner as other tangible fixed assets. The related obligations, net of future charges, are included in

creditors.

Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the

period of the leases.

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.

Income recognition

Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership

have transferred to them.

Finance costs of debt

The finance costs of debt, including interest and issue costs, are allocated to each period over the term of the debt

and charged to the profit and loss account at a constant rate on the outstanding amount.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2017 - 42 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2017

873,180

487,427

37,012

123,988

1,521,607

Additions

-

6,944

-

6,600

13,544

At 31st March 2018

873,180

494,371

37,012

130,588

1,535,151

DEPRECIATION

At 1st April 2017

116,256

424,843

19,428

78,496

639,023

Charge for year

17,464

10,430

5,553

13,025

46,472

At 31st March 2018

133,720

435,273

24,981

91,521

685,495

NET BOOK VALUE

At 31st March 2018

739,460

59,098

12,031

39,067

849,656

At 31st March 2017

756,924

62,584

17,584

45,492

882,584

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

204,445

365,690

Other debtors

292,589

45,959

497,034

411,649

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

41,033

39,496

Hire purchase contracts (see note 8)

11,057

10,484

Trade creditors

321,146

349,231

Taxation and social security

173,901

171,325

Other creditors

24,060

20,709

571,197

591,245

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans

262,363

303,729

Hire purchase contracts (see note 8)

5,739

16,750

268,102

320,479

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

39,666

58,182

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2018

2017

£

£

Net obligations repayable:

Within one year

11,057

10,484

Between one and five years

5,739

16,750

16,796

27,234

Non-cancellable

operating leases

2018

2017

£

£

Within one year

9,378

9,218

Between one and five years

18,802

3,754

28,180

12,972

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

303,396

343,225

Secured by a charge on the company's assets.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2018 and

31st March 2017:

2018

2017

£

£

Paul Thomas Jackson

Balance outstanding at start of year

(4,059

)

72,706

Amounts advanced

114,263

55,235

Amounts repaid

(63,000

)

(132,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,204

(4,059

)

11.	PENSION COSTS

The company operates a defined contribution pension scheme. The assets of the pension scheme are held

separately from those of the company in an independently administered fund. The pension cost represents

contributions payable by the company to the fund and amounted to £86,682 (2017: £85,703). Contributions

totalling £Nil (2017: £4,928) were payable to the fund at the year end and are included in creditors.