Company Registration No. 01574030 (England and Wales)
Edmund Dockerill & Son Limited
Unaudited accounts
for the year ended 31 July 2022
Edmund Dockerill & Son Limited
Unaudited accounts
Contents
Edmund Dockerill & Son Limited
Company Information
for the year ended 31 July 2022
Directors
C L Dockerill
N J Dockerill
Company Number
01574030 (England and Wales)
Registered Office
Hale Hill Farm
West Burton
Pulborough
West Sussex
RH20 1HE
Accountants
PCL Ltd
Southgate Chambers
37-39 Southgate Street
Winchester
Hampshire
SO23 9EH
Edmund Dockerill & Son Limited
Statement of financial position
as at 31 July 2022
Investment property
545,000
545,000
Cash at bank and in hand
9,018
8,869
Creditors: amounts falling due within one year
(11,720)
(30,670)
Net current liabilities
(2,549)
(21,688)
Total assets less current liabilities
542,663
523,376
Provisions for liabilities
Deferred tax
(115,836)
(115,836)
Net assets
426,827
407,540
Called up share capital
100
100
Profit and loss account
426,727
407,440
Shareholders' funds
426,827
407,540
For the year ending 31 July 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2022 and were signed on its behalf by
N J Dockerill
Director
Company Registration No. 01574030
Edmund Dockerill & Son Limited
Notes to the Accounts
for the year ended 31 July 2022
Edmund Dockerill & Son Limited is a private company, limited by shares, registered in England and Wales, registration number 01574030. The registered office is Hale Hill Farm, West Burton, Pulborough, West Sussex, RH20 1HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.
The accounts are presented in £ sterling.
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.
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value
of each asset over its estimated useful life.
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
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.
Edmund Dockerill & Son Limited
Notes to the Accounts
for the year ended 31 July 2022
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.
These financial statements have been prepared on the basis that the company will continue to be a going concern, the validity of this basis depends upon the continued support of the company's directors, which is expected to be forthcoming. 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 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.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2021
2,627
-
2,627
At 31 July 2022
2,627
219
2,846
At 1 August 2021
2,563
-
2,563
Charge for the year
16
55
71
At 31 July 2022
2,579
55
2,634
At 31 July 2022
48
164
212
Fair value at 1 August 2021
545,000
Investment property is valued on an open market basis by the directors.
Edmund Dockerill & Son Limited
Notes to the Accounts
for the year ended 31 July 2022
6
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
132
113
7
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
4,475
3,425
Other creditors
3,723
3,723
Loans from directors
2,775
22,775
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).