Registered number: 03681944 | ||||||||
|
||||||||
|
||||||||
|
||||||||
|
||||||||
FOR THE YEAR ENDED 31/05/2017 | ||||||||
|
||||||||
Prepared By: | ||||||||
David Reed Associates Ltd | ||||||||
54D Frome Road | ||||||||
Bradford on Avon | ||||||||
Wiltshire | ||||||||
BA15 1LA |
|
||||||||
David Reed Associates Ltd | ||||||||
|
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/05/2017 | ||||||||
DIRECTORS | ||||||||
|
||||||||
|
||||||||
|
||||||||
REGISTERED OFFICE | ||||||||
|
||||||||
|
||||||||
Wiltshire | ||||||||
|
||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in UK, registered number 03681944 | ||||||||
ACCOUNTANTS | ||||||||
David Reed Associates Ltd | ||||||||
54D Frome Road | ||||||||
Bradford on Avon | ||||||||
Wiltshire | ||||||||
BA15 1LA |
|
||||||||
David Reed Associates Ltd | ||||||||
|
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/05/2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
|
||||||||
David Reed Associates Ltd | ||||||||
|
BALANCE SHEET AT
|
||||||||||
2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
|
|
|||||||
Investment Assets | 3 | - | 4,375 | |||||||
|
|
|||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | 222,364 | 165,623 | |||||||
Cash at bank and in hand |
|
|
||||||||
285,482 | 201,985 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | 234,092 | 206,981 | |||||||
NET CURRENT ASSETS / (LIABILITIES) | 51,390 | (4,996) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | 55,807 | 326 | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | 100 | 100 | |||||||
Profit and loss account | 55,707 | 226 | ||||||||
SHAREHOLDERS' FUNDS |
|
326 | ||||||||
|
||||||||||
|
||||||||||
|
||||||||||
|
||||||||||
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 Reed Associates Ltd | ||||||||
|
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/05/2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Depreciation | ||||||||
|
||||||||
Plant and Machinery | 25% | |||||||
Equipment | 25% |
1b. 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. |
1c. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
1d. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention and in accordance with FRS102 section 1A applicable to small entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
These financial statements for the year ended 31 May 2017 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 June 2015. There are no material adjustments on transition. |
2. TANGIBLE FIXED ASSETS | ||||||
Plant and | ||||||
Machinery | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/06/2016 | 15,368 | - | 15,368 | |||
Additions | 159 | 5,522 | 5,681 | |||
At 31/05/2017 | 15,527 | 5,522 | 21,049 | |||
Depreciation | ||||||
At 01/06/2016 | 14,421 | - | 14,421 | |||
For the year | 277 | 1,934 | 2,211 | |||
At 31/05/2017 | 14,698 | 1,934 | 16,632 | |||
Net Book Amounts | ||||||
At 31/05/2017 |
|
|
|
|||
At 31/05/2016 |
|
|
|
|||
|
||||||||
David Reed Associates Ltd | ||||||||
|
3. INVESTMENT FIXED ASSETS | |||||||||
Other | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/06/2016 | 22,500 | 22,500 | |||||||
At 31/05/2017 | 22,500 | 22,500 | |||||||
Amortisation | |||||||||
At 01/06/2016 | 18,125 | 18,125 | |||||||
For the year | 4,375 | 4,375 | |||||||
At 31/05/2017 | 22,500 | 22,500 | |||||||
Net Book Amounts | |||||||||
At 31/05/2016 | 4,375 | 4,375 | |||||||
4. DEBTORS | 2017 | 2016 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 121,590 | 95,972 | ||||||
Other debtors | 98,003 | 63,600 | ||||||
Prepayments | 2,771 | 6,051 | ||||||
222,364 | 165,623 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
Other tax and social security | 47,353 | 50,623 | ||||||
Trade creditors | 16,512 | - | ||||||
Other creditors | 167,556 | 151,701 | ||||||
Accruals | 2,671 | 4,657 | ||||||
234,092 | 206,981 | |||||||
6. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
Average number of employees | 5 | 4 | ||||
|
||||||||
David Reed Associates Ltd | ||||||||
|
7. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
|
25 | 25 | ||||||
|
25 | 25 | ||||||
|
25 | 25 | ||||||
25 Class D Shares of £ 1 each | 25 | 25 | ||||||
100 | 100 | |||||||