REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2018 |
FOR |
EDMUND DOCKERILL & SON LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2018 |
FOR |
EDMUND DOCKERILL & SON LIMITED |
EDMUND DOCKERILL & SON LIMITED (REGISTERED NUMBER: 01574030) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
EDMUND DOCKERILL & SON LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2018 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
30 New Road |
Brighton |
East Sussex |
BN1 1BN |
EDMUND DOCKERILL & SON LIMITED (REGISTERED NUMBER: 01574030) |
BALANCE SHEET |
31 JULY 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 8 |
Retained earnings | 8 |
SHAREHOLDERS' FUNDS |
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. |
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 |
EDMUND DOCKERILL & SON LIMITED (REGISTERED NUMBER: 01574030) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2018 |
1. | STATUTORY INFORMATION |
Edmund Dockerill & Son Limited is a |
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. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is |
recognised in profit or loss. |
A transfer is made from the profit and loss account reserve to the revaluation reserve. |
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 |
These financial statements have been prepared on the basis that the company will continue to be a going concern. If this |
assumption is not considered to be valid, then adjustments would need to be made to reduce the value of assets to their |
recoverable amount, to provide any further liabilities that might arise and to reclassify fixed assets as current assets. |
Turnover |
Turnover represents the total invoice value, excluding value added tax, of rent receivable during the year and derives from |
the provision of services falling within the company's ordinary activities. |
EDMUND DOCKERILL & SON LIMITED (REGISTERED NUMBER: 01574030) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
3. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1 August 2017 |
and 31 July 2018 |
DEPRECIATION |
At 1 August 2017 |
Charge for year |
At 31 July 2018 |
NET BOOK VALUE |
At 31 July 2018 |
At 31 July 2017 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2017 |
and 31 July 2018 |
NET BOOK VALUE |
At 31 July 2018 |
At 31 July 2017 |
Fair value at 31 July 2018 is represented by: |
£ |
Valuation in 2014 | 551,677 |
Valuation in 2016 | 25,000 |
Cost | 23,323 |
600,000 |
If investment property had not been revalued it would have been included at the following historical cost: |
2018 | 2017 |
£ | £ |
Cost | 23,323 | 23,323 |
Investment property was valued on an open market basis on 31 July 2018 by the Directors . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Trade debtors |
Prepayments and accrued income |
EDMUND DOCKERILL & SON LIMITED (REGISTERED NUMBER: 01574030) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2018 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2018 | 2017 |
£ | £ |
Tax |
Other creditors |
Directors' current accounts | 22,775 | 22,775 |
Deferred income |
Accrued expenses |
7. | PROVISIONS FOR LIABILITIES |
2018 | 2017 |
£ | £ |
Deferred tax |
Accelerated capital allowances |
Deferred tax | 98,486 | 102,239 |
98,519 | 102,284 |
Deferred |
tax |
£ |
Balance at 1 August 2017 |
Movement | (3,765 | ) |
Balance at 31 July 2018 |
8. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 August 2017 | 480,998 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Revaluation | (3,753 | ) | 3,753 | - |
At 31 July 2018 | 482,143 |
9. | GOING CONCERN |
As stated in the accounting policy note, these financial statements have been prepared on the basis that the company will |
continue to be a going concern. As at the balance sheet date, current liabilities exceeded current assets by £19,410 (2017: |
£16,847). The validity of this basis depends upon the continued support of the company's directors, which is expected to be |
forthcoming. |