Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
MacMahon Leggate
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DM Smalley (Painting Contractors) Ltd
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
DM Smalley (Painting Contractors) Ltd
for the Year Ended 31 August 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of DM Smalley (Painting Contractors) Ltd for the year ended 31 August 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .
This report is made solely to the Board of Directors of DM Smalley (Painting Contractors) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of DM Smalley (Painting Contractors) Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DM Smalley (Painting Contractors) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that DM Smalley (Painting Contractors) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of DM Smalley (Painting Contractors) Ltd. You consider that DM Smalley (Painting Contractors) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of DM Smalley (Painting Contractors) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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MacMahon Leggate
Chartered Accountants
Charter House
18-20 Finsley Gate
Burnley
Lancashire
BB11 2HA
1 March 2016
DM Smalley (Painting Contractors) Ltd
(Registration number: 04812784)
Abbreviated Balance Sheet at 31 August 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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2
DM Smalley (Painting Contractors) Ltd
(Registration number: 04812784)
Abbreviated Balance Sheet at 31 August 2015
......... continued
Approved by the Board on
.........................................
Mr DM Smalley
Director
3
DM Smalley (Painting Contractors) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
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Motor vehicles |
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Deferred tax
Hire purchase and leasing
DM Smalley (Painting Contractors) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued
Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 September 2014 |
20,792 |
20,792 |
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Additions |
17,495 |
17,495 |
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Disposals |
(11,320) |
(11,320) |
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At 31 August 2015 |
26,967 |
26,967 |
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Depreciation |
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At 1 September 2014 |
11,671 |
11,671 |
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Charge for the year |
5,704 |
5,704 |
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Eliminated on disposals |
(7,739) |
(7,739) |
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At 31 August 2015 |
9,636 |
9,636 |
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Net book value |
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At 31 August 2015 |
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At 31 August 2014 |
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Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2015
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2014
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Amounts falling due within one year |
3,260 |
3,877 |
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Amounts falling due after more than one year |
7,878 |
423 |
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Total secured creditors |
11,138 |
4,300 |
DM Smalley (Painting Contractors) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 August 2015
......... continued
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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