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COMPANY REGISTRATION NUMBER: 06684954
Dollimore & Christie Limited
Unaudited financial statements
31 October 2023
Dollimore & Christie Limited
Statement of financial position
31 October 2023
2023
2022
(restated)
Note
£
£
£
£
Fixed assets
Tangible assets
6
45,364
20,249
Current assets
Debtors
7
98,701
75,442
Cash at bank and in hand
464,157
531,210
---------
---------
562,858
606,652
Creditors: Amounts falling due within one year
8
( 437,831)
( 459,374)
---------
---------
Net current assets
125,027
147,278
---------
---------
Total assets less current liabilities
170,391
167,527
Creditors: Amounts falling due after more than one year
9
( 9,500)
( 15,500)
Provisions
Taxation including deferred tax
( 8,278)
( 3,847)
---------
---------
Net assets
152,613
148,180
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
152,513
148,080
---------
---------
Shareholders funds
152,613
148,180
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Dollimore & Christie Limited
Statement of financial position (continued)
31 October 2023
These financial statements were approved by the board of directors and authorised for issue on 4 March 2024 , and are signed on behalf of the board by:
J D Christie
Director
Company registration number: 06684954
Dollimore & Christie Limited
Notes to the financial statements
Year ended 31 October 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Lynn Road, Ely, Cambridgeshire, CB7 4EG. The trading address of the company is Hillcrest, Askbrook, Stevenage Road, Hitchin, Hertfordshire, SG4 7JY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax. Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the conditions are satisfied.
Income tax
Provision is made at current rates for taxation deferred in respect of all material timing differences.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
20% reducing balance
Motor Vehicles
-
25% reducing balance
Equipment
-
25% reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of employees during the year was 12 (2022: 12 ).
5. Transition to FRS102 1A
These are the first financial statements that comply with FRS102 1A. The company adopted FRS102 1A on 1 November 2022. The following adjustments were made to the year ended 31 October 2022 in line with this transition:
£
Credit Deferred Tax Liability
3,847
Debit Deferred Tax Charge
3,847
6. Tangible assets
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 November 2022 (as restated)
4,945
53,309
2,518
60,772
Additions
6,070
31,500
37,570
Disposals
( 5,917)
( 5,917)
-------
-------
------
-------
At 31 October 2023
11,015
78,892
2,518
92,425
-------
-------
------
-------
Depreciation
At 1 November 2022
3,063
35,663
1,797
40,523
Charge for the year
983
10,674
180
11,837
Disposals
( 5,299)
( 5,299)
-------
-------
------
-------
At 31 October 2023
4,046
41,038
1,977
47,061
-------
-------
------
-------
Carrying amount
At 31 October 2023
6,969
37,854
541
45,364
-------
-------
------
-------
At 31 October 2022
1,882
17,646
721
20,249
-------
-------
------
-------
7. Debtors
2023
2022
(restated)
£
£
Trade debtors
45,768
30,989
Other debtors
52,933
44,453
-------
-------
98,701
75,442
-------
-------
8. Creditors: Amounts falling due within one year
2023
2022
(restated)
£
£
Trade creditors
16,732
13,386
Social security and other taxes
37,229
60,778
Other creditors
383,870
385,210
---------
---------
437,831
459,374
---------
---------
9. Creditors: Amounts falling due after more than one year
2023
2022
(restated)
£
£
Other creditors
9,500
15,500
------
-------