REGISTERED NUMBER: |
Dobson and Hodge Limited |
Financial Statements For The Year Ended 30 November 2021 |
REGISTERED NUMBER: |
Dobson and Hodge Limited |
Financial Statements For The Year Ended 30 November 2021 |
Dobson and Hodge Limited (Registered number: 00975536) |
Contents of the Financial Statements |
For The Year Ended 30 November 2021 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Dobson and Hodge Limited |
Company Information |
For The Year Ended 30 November 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Sidings Court |
Lakeside |
Doncaster |
South Yorkshire |
DN4 5NU |
Dobson and Hodge Limited (Registered number: 00975536) |
Abridged Balance Sheet |
30 November 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Share premium |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 and authorised for issue on |
Dobson and Hodge Limited (Registered number: 00975536) |
Notes to the Financial Statements |
For The Year Ended 30 November 2021 |
1. | STATUTORY INFORMATION |
Dobson and Hodge Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents commissions receivable. Commissions are taken into account when the respective premiums are paid to the insurers, or when received if paid directly by the insurers to the company. Commissions on indemnity terms are taken into account when received. Provision of £500 (2020: £500) has been made for refundable commissions and losses. |
Insurance broking debtors and creditors are not shown in the balance sheet in accordance with Financial Conduct Authority best practice guidelines. |
Goodwill |
Purchased goodwill is written off over its estimated useful life. The directors consider that the goodwill acquired with the purchase of the business of another insurance broker in 2013 has a useful life of 10 years. |
Tangible fixed assets |
Fixtures and fittings | - |
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. |
Pension costs and other post-retirement benefits |
The company operates defined contribution pension schemes for the directors (contributory and non-contributory) and selected employees (contributory). The scheme funds are held by trustees outside the company's assets and control. Contributions are charged to profit and loss account in the year in which they are paid. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Dobson and Hodge Limited (Registered number: 00975536) |
Notes to the Financial Statements - continued |
For The Year Ended 30 November 2021 |
4. | INTANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2020 |
and 30 November 2021 |
AMORTISATION |
At 1 December 2020 |
Amortisation for year |
At 30 November 2021 |
NET BOOK VALUE |
At 30 November 2021 |
At 30 November 2020 |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 December 2020 |
Additions |
At 30 November 2021 |
DEPRECIATION |
At 1 December 2020 |
Charge for year |
At 30 November 2021 |
NET BOOK VALUE |
At 30 November 2021 |
At 30 November 2020 |
6. | FIXED ASSET INVESTMENTS |
Information on investments other than loans is as follows: |
Totals |
£ |
COST |
At 1 December 2020 |
and 30 November 2021 | 3,342 |
PROVISIONS |
At 1 December 2020 |
and 30 November 2021 | 3,342 |
NET BOOK VALUE |
At 30 November 2021 | - |
At 30 November 2020 | - |
The market value of the above investments is anticipated to be higher than the book value but provisions made in earlier years have not been written back as the directors deem the difference to be not material to the accounts. The company has no plans to dispose of its shares. |
Dobson and Hodge Limited (Registered number: 00975536) |
Notes to the Financial Statements - continued |
For The Year Ended 30 November 2021 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2021 | 2020 |
£ | £ |
Repayable by instalments |
Bank loans | 2,651 | - |
Creditors include a provision for the amount of excess that may be payable on potential claims being made against the company and throughout the financial services world, which are currently ongoing. The provision is based on the average percentage of such claims likely to succeed across the industry as determined by the regulator. |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2021 | 2020 |
£ | £ |
Hire purchase contracts | 10,354 | 13,775 |
Hire purchase contracts are secured on the assets to which they relate. |
9. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
Ordinary Shares | £1 | 1,000 | 1,000 |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | OTHER FINANCIAL COMMITMENTS |
Minimum lease payments under non-cancellable operating leases fall due as follows: |
2021 | 2020 |
£ | £ |
Payable within one year | 16,072 | 25,470 |
Payable between one and five years | 661 | 4,732 |
16,733 | 30,202 |
12. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020: |
2021 | 2020 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
Dobson and Hodge Limited (Registered number: 00975536) |
Notes to the Financial Statements - continued |
For The Year Ended 30 November 2021 |
13. | RELATED PARTY DISCLOSURES |
Included in creditors is a loan from one of the directors for £6,199 (2020: £11,999). The loan is interest free and has no formal repayment terms. |