Registered number: 02860933 | ||||||||
|
||||||||
|
||||||||
|
||||||||
|
||||||||
FOR THE YEAR ENDED 30 APRIL 2017 | ||||||||
|
||||||||
Prepared By: | ||||||||
Keevil & Co | ||||||||
Chartered Accountants | ||||||||
Northern House | ||||||||
The Drive | ||||||||
Sawbridgeworth | ||||||||
Herts | ||||||||
CM21 9EP |
|
||||||||
Dalroad Norslo Limited | ||||||||
|
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 APRIL 2017 | ||||||||
DIRECTORS | ||||||||
|
||||||||
|
||||||||
SECRETARY | ||||||||
David Chinn-Shaw | ||||||||
REGISTERED OFFICE | ||||||||
|
||||||||
|
||||||||
|
||||||||
Beds | ||||||||
|
||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 02860933 | ||||||||
ACCOUNTANTS | ||||||||
Keevil & Co | ||||||||
Chartered Accountants | ||||||||
Northern House | ||||||||
The Drive | ||||||||
Sawbridgeworth | ||||||||
Herts | ||||||||
CM21 9EP |
|
||||||||
Dalroad Norslo Limited | ||||||||
|
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 APRIL 2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 5 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
|
||||||||
Dalroad Norslo Limited | ||||||||
|
BALANCE SHEET AT
|
||||||||||
2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 |
|
|
|||||||
Tangible assets | 3 |
|
|
|||||||
Investment Assets | 4 | 31,027 | 31,027 | |||||||
|
|
|||||||||
CURRENT ASSETS | ||||||||||
Stock | 962,143 | 960,999 | ||||||||
Debtors | 6 | 1,236,350 | 1,186,628 | |||||||
Cash at bank and in hand |
|
|
||||||||
2,363,374 | 2,284,150 | |||||||||
CREDITORS: Amounts falling due within one year | 7 | 1,698,450 | 1,889,429 | |||||||
NET CURRENT ASSETS | 664,924 | 394,721 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 1,240,693 | 1,098,237 | ||||||||
CREDITORS: Amounts falling due after more than one year | 8 | 302,309 | 295,256 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 10 | 8,857 | 10,996 | |||||||
NET ASSETS | 929,527 | 791,985 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 11 | 5,000 | 5,000 | |||||||
Other reserves | 12 | 60,000 | 60,000 | |||||||
Profit and loss account | 864,527 | 726,985 | ||||||||
SHAREHOLDERS' FUNDS |
|
791,985 | ||||||||
|
||||||||
Dalroad Norslo Limited | ||||||||
|
BALANCE SHEET AT
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on
|
||||||||||
............................. | ||||||||||
|
||||||||||
Director | ||||||||||
............................. | ||||||||||
David Chinn-Shaw | ||||||||||
Director | ||||||||||
|
||||||||
Dalroad Norslo Limited | ||||||||
|
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 APRIL 2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
|
||||||||
Fixtures and Fittings | reducing balance 20% | |||||||
Equipment | straight line 25% | |||||||
Motor Cars | reducing balance 25% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. |
1e. Goodwill | ||||||||
|
|
||||||||
Dalroad Norslo Limited | ||||||||
|
1f. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
2. INTANGIBLE FIXED ASSETS | ||||
Purchased | ||||
Goodwill | Total | |||
£ | £ | |||
Cost | ||||
At 1 May 2016 | 880,695 | 880,695 | ||
At 30 April 2017 | 880,695 | 880,695 | ||
Depreciation | ||||
At 1 May 2016 | 374,101 | 374,101 | ||
For the year | 121,700 | 121,700 | ||
At 30 April 2017 | 495,801 | 495,801 | ||
Net Book Amounts | ||||
At 30 April 2017 | 384,894 | 384,894 | ||
At 30 April 2016 |
|
|
||
3. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery Etc. | Total | |||
£ | £ | |||
Cost | ||||
At 1 May 2016 | 551,620 | 551,620 | ||
Additions | 41,069 | 41,069 | ||
Disposals | (18,500) | (18,500) | ||
At 30 April 2017 | 574,189 | 574,189 | ||
Depreciation | ||||
At 1 May 2016 | 385,725 | 385,725 | ||
Disposals | (11,813) | (11,813) | ||
For the year | 40,429 | 40,429 | ||
At 30 April 2017 | 414,341 | 414,341 | ||
Net Book Amounts | ||||
At 30 April 2017 |
|
|
||
At 30 April 2016 |
|
|
||
|
||||||||
Dalroad Norslo Limited | ||||||||
|
4. INVESTMENT FIXED ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 1 May 2016 | 31,027 | 31,027 | |||||||
At 30 April 2017 | 31,027 | 31,027 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 30 April 2017 | 31,027 | 31,027 | |||||||
At 30 April 2016 | 31,027 | 31,027 | |||||||
5. STOCK | 2017 | 2016 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock |
|
|
||||
|
|
6. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 1,118,199 | 1,066,674 | ||||||
Other debtors |
|
|
||||||
|
|
|||||||
|
||||||||
Dalroad Norslo Limited | ||||||||
|
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
Trade creditors | 684,677 | 622,590 | ||||||
Taxation and social security | 278,738 | 343,937 | ||||||
Other creditors | 735,035 | 922,902 | ||||||
1,698,450 | 1,889,429 | |||||||
Included within other creditors are obligations under finance leases | 28,296 | 34,730 | ||||||
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 274,386 | 236,166 | ||||||
Other creditors | 27,923 | 59,090 | ||||||
302,309 | 295,256 | |||||||
Included in other creditors are: | ||||||||
Obligations under finance leases | 27,923 | 42,590 | ||||||
9. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
Average number of employees | 24 | 23 | ||||
|
||||||||
Dalroad Norslo Limited | ||||||||
|
10. PROVISIONS FOR LIABILITIES | 2017 | 2016 | ||||||
£ | £ | |||||||
Deferred taxation | 8,720 | 10,996 | ||||||
Bad Debts | 137 | - | ||||||
8,857 | 10,996 | |||||||
11. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
|
5000 | 5000 | ||||||
5,000 | 5,000 | |||||||
12. OTHER RESERVES | 2017 | 2016 | ||||
£ | £ | |||||
Redeemable preference shares | 60,000 | 60,000 | ||||
60,000 | 60,000 | |||||