Company Registration No. 03111025 (England and Wales)
DEXTER PAINTS HOLDINGS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
DEXTER PAINTS HOLDINGS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 5
DEXTER PAINTS HOLDINGS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
518,446
532,761
Investments
2
1
1
518,447
532,762
Current assets
Debtors
3
202,089
173,854
Cash at bank and in hand
46,108
37,148
248,197
211,002
Creditors: amounts falling due within one year
(89,655)
(89,320)
Net current assets
158,542
121,682
Total assets less current liabilities
676,989
654,444
Capital and reserves
Called up share capital
4
1,042
1,042
Profit and loss account
675,947
653,402
Shareholders' funds
676,989
654,444
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 23 March 2017
Mr N R Eatough
Director
Company Registration No. 03111025
DEXTER PAINTS HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The director is not aware of any material uncertainties affecting the company and considers that the company will have sufficient resources to continue trading for the foreseeable future. As a result the director has continued to adopt the going concern basis in preparing the financial statements.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents rental income and service charges net of VAT.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Freehold land and buildings
2% straight line
Plant and machinery
25% reducing balance
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
DEXTER PAINTS HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 December 2015 & at 30 November 2016
722,292
10,001
732,293
Depreciation
At 1 December 2015
189,531
10,000
199,531
Charge for the year
14,315
-
14,315
At 30 November 2016
203,846
10,000
213,846
Net book value
At 30 November 2016
518,446
1
518,447
At 30 November 2015
532,761
1
532,762
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Participating interests
David Lloyd Partnership Limited
England and Wales
Ordinary
33.33
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
David Lloyd Partnership Limited
Property development
(44,614)
(14,708)
The above details are in respect of the accounting period ended on 30 September 2016.
3
Debtors
Debtors include an amount of £33,541 (2015 - £30,192) which is due after more than one year.
DEXTER PAINTS HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
4
Share capital
2016
2015
£
£
Allotted, called up and fully paid
10,420 Ordinary shares of 10p each
1,042
1,042
DEXTER PAINTS HOLDINGS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 5 -
5
Related party relationships and transactions
Advances and credits to the director
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr N R Eatough - Director's loan account
-
4,714
-
4,714
4,714
-
-
4,714
-
The maximum amount by which the loan account has been overdrawn during the year is £4,714.
Loans from the director
Transactions in relation to loans with the director during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr N R Eatough - Director's loan account
-
-
24,917
-
23,715
1,202
-
24,917
-
23,715
1,202
2016-11-30
2015-12-01
false
true
true
true
true
true
tmp9574.html
2017-03-23
03111025
2015-12-01
2016-11-30
03111025
2016-11-30
03111025
2015-11-30
03111025
2015-11-30
03111025
uk-bus:Director1
2015-12-01
2016-11-30
03111025
uk-gaap:LandBuildings
2015-12-01
2016-11-30
03111025
uk-gaap:PlantMachinery
2015-12-01
2016-11-30
03111025
uk-gaap:Associate1
2015-12-01
2016-11-30
03111025
uk-gaap:Associate1
2016-11-30
03111025
uk-bus:OrdinaryShareClass1
2015-12-01
2016-11-30
03111025
uk-bus:OrdinaryShareClass1
2016-11-30
03111025
uk-bus:OrdinaryShareClass1
2015-11-30
03111025
uk-bus:Director1
2016-11-30
03111025
uk-bus:AllEntityOfficers
2015-12-01
2016-11-30
xbrli:pure
xbrli:shares
iso4217:GBP