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No description of principal activity
2017-07-01
Sage Accounts Production Advanced 2017 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
05406043
2017-07-01
2018-06-30
05406043
2018-06-30
05406043
2017-06-30
05406043
2016-07-01
2017-06-30
05406043
2017-06-30
05406043
core:LandBuildings
core:LongLeaseholdAssets
2017-07-01
2018-06-30
05406043
core:PlantMachinery
2017-07-01
2018-06-30
05406043
core:FurnitureFittings
2017-07-01
2018-06-30
05406043
core:MotorVehicles
2017-07-01
2018-06-30
05406043
bus:LeadAgentIfApplicable
2017-07-01
2018-06-30
05406043
bus:Director2
2017-07-01
2018-06-30
05406043
core:WithinOneYear
2018-06-30
05406043
core:WithinOneYear
2017-06-30
05406043
core:AfterOneYear
2018-06-30
05406043
core:AfterOneYear
2017-06-30
05406043
core:ShareCapital
2018-06-30
05406043
core:ShareCapital
2017-06-30
05406043
core:RetainedEarningsAccumulatedLosses
2018-06-30
05406043
core:RetainedEarningsAccumulatedLosses
2017-06-30
05406043
bus:Director2
2017-06-30
05406043
bus:Director2
2018-06-30
05406043
bus:Director2
2016-06-30
05406043
bus:Director2
2017-06-30
05406043
bus:Director2
2016-07-01
2017-06-30
05406043
bus:FRS102
2017-07-01
2018-06-30
05406043
bus:AuditExempt-NoAccountantsReport
2017-07-01
2018-06-30
05406043
bus:AbridgedAccounts
2017-07-01
2018-06-30
05406043
bus:SmallCompaniesRegimeForAccounts
2017-07-01
2018-06-30
05406043
bus:PrivateLimitedCompanyLtd
2017-07-01
2018-06-30
Statement of Consent to Prepare Abridged Financial Statements
|
|
All of the members of DOGHOUSE POST PRODUCTION LIMITED have consented to the preparation of the statement of income and retained earnings and the abridged statement of financial position for the year ending 30th June 2018 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
05406043
DOGHOUSE POST PRODUCTION LIMITED
|
|
Unaudited Abridged Financial Statements
|
|
MORGWN ATKINS LIMITED
Chartered Accountants
Eight Bells House
14 Church Street
Tetbury
Gloucestershire
GL8 8JG
DOGHOUSE POST PRODUCTION LIMITED
|
|
Abridged Financial Statements
|
|
Year ended 30th June 2018
Abridged statement of financial position
|
1
|
|
|
Notes to the abridged financial statements
|
3
|
|
|
DOGHOUSE POST PRODUCTION LIMITED
|
|
Abridged Statement of Financial Position
|
|
30 June 2018
Fixed assets
Tangible assets
|
6
|
|
88,340
|
94,337
|
|
|
|
|
|
Current assets
Debtors
|
120,829
|
|
151,679
|
Cash at bank and in hand
|
51,145
|
|
72,541
|
|
---------
|
|
---------
|
|
171,974
|
|
224,220
|
|
|
|
|
Creditors: amounts falling due within one year
|
145,884
|
|
178,896
|
|
---------
|
|
---------
|
Net current assets
|
|
26,090
|
45,324
|
|
|
---------
|
---------
|
Total assets less current liabilities
|
|
114,430
|
139,661
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
7
|
|
8,827
|
13,656
|
|
|
|
|
|
Provisions
Taxation including deferred tax
|
|
14,569
|
15,088
|
|
|
---------
|
---------
|
Net assets
|
|
91,034
|
110,917
|
|
|
---------
|
---------
|
|
|
|
|
DOGHOUSE POST PRODUCTION LIMITED
|
|
Abridged Statement of Financial Position (continued)
|
|
30 June 2018
Capital and reserves
Called up share capital
|
|
100
|
100
|
Profit and loss account
|
|
90,934
|
110,817
|
|
|
--------
|
---------
|
Members funds
|
|
91,034
|
110,917
|
|
|
--------
|
---------
|
|
|
|
|
These abridged 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 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 statement of income and retained earnings has not been delivered.
For the year ending 30th June 2018 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 abridged 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 abridged financial statements
.
These abridged financial statements were approved by the
board of directors
and authorised for issue on
4 October 2018
, and are signed on behalf of the board by:
Company registration number:
05406043
DOGHOUSE POST PRODUCTION LIMITED
|
|
Notes to the Abridged Financial Statements
|
|
Year ended 30th June 2018
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 Belgrave Road, Clifton, Bristol, BS8 2AA.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
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:
|
Leasehold property
|
-
|
10% straight line
|
|
Plant and machinery
|
-
|
25% straight line
|
|
Fixtures and fittings
|
-
|
20% reducing balance
|
|
Motor vehicles
|
-
|
25% straight line
|
|
|
|
|
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
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 abridged 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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Staff costs
The average number of persons employed by the company during the year, including the director, amounted to 11 (2017: 10).
5.
Profit before taxation
Profit before taxation is stated after charging:
|
2018
|
2017
|
|
£
|
£
|
Depreciation of tangible assets
|
41,755
|
45,391
|
|
--------
|
--------
|
|
|
|
6.
Tangible assets
|
£
|
Cost
|
|
At 1st July 2017
|
604,479
|
Additions
|
35,758
|
|
---------
|
At 30th June 2018
|
640,237
|
|
---------
|
Depreciation
|
|
At 1st July 2017
|
510,142
|
Charge for the year
|
41,755
|
|
---------
|
At 30th June 2018
|
551,897
|
|
---------
|
Carrying amount
|
|
At 30th June 2018
|
88,340
|
|
---------
|
At 30th June 2017
|
94,337
|
|
---------
|
|
|
7.
Creditors:
amounts falling due after more than one year
Other creditors due over one year includes a loan from R & J S Barton Hill which has been secured by a fixed and floating charge over the company's assets to a maximum amount of £125,000.
Personal guarantees have also been given by the directors for this loan.
8.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
|
2018
|
|
|
Balance brought forward
|
Advances/ (credits) to the director
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
R J BARTON HILL
|
(
246)
|
155
|
(
91)
|
|
|
----
|
----
|
----
|
|
|
|
|
|
|
2017
|
|
|
Balance brought forward
|
Advances/ (credits) to the director
|
Balance outstanding
|
|
|
£
|
£
|
£
|
|
R J BARTON HILL
|
(
72)
|
(
174)
|
(
246)
|
|
|
----
|
----
|
----
|
|
|
|
|
|
9.
Related party transactions
The company was under the control of Mr R J Barton Hill throughout the current year. During the year the company received a loan from R and J S Barton Hill, who are the parents of R J Barton Hill, a director and shareholder of the company. The amount outstanding at the balance sheet dated amounted to £26,324 (2017 - £43,033) and is shown in creditors. The director has been given the option to renew this loan at the end of the existing period. During the year the company paid rent to R and J S Barton Hill. The rent amounted to £35,513 (2017 - £30,157). This transaction has been carried out on a normal commercial basis.