Dovetail Carpenters Ltd Filleted Accounts Cover
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Company No. 05719682
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Dovetail Carpenters Ltd Directors Report Registrar
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The Director presents his report and the accounts for the year ended 31 March 2022.
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Principal activities
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Director
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The Director who served at any time during the year was as follows:
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Duncan Riley
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Signed on behalf of the board
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Duncan Riley
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Director
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13 May 2022
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Dovetail Carpenters Ltd Balance Sheet Registrar
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at
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Company No.
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Notes
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2022
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2021
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£
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£
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Fixed assets
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Tangible assets
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4
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Current assets
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Debtors
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5
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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6
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(
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(
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Net current (liabilities)/assets
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(
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Total assets less current 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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7
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Total equity
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the board on 13 May 2022
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And signed on its behalf by:
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Duncan Riley
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Director
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13 May 2022
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Dovetail Carpenters Ltd Notes to the Accounts Registrar
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for the year ended 31 March 2022
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1
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General information
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Its registered number is: 05719682
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Its registered office is:
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2
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Accounting policies
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Turnover
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Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
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Tangible fixed assets and depreciation
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At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. |
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Plant and machinery
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Furniture, fittings and equipment
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Leased assets
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Leases which do not transfer substantially all the risks and rewards of ownership to the Company are classified as operating leases. Assets held under finance leases are initially recognised as assets of the Company at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately in profit or loss, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the Company's policy on borrowing costs (see the accounting policy above). Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. |
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3
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Employees
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2022
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2021
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Number
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Number
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The average monthly number of employees (including directors) during the year was:
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4
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Tangible fixed assets
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Plant and machinery
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Fixtures, fittings and equipment
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Total
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£
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£
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£
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Cost or revaluation
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At 1 April 2021
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At 31 March 2022
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Depreciation
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At 1 April 2021
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Charge for the year
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At 31 March 2022
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Net book values
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At 31 March 2022
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At 31 March 2021
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5
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Debtors
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2022
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2021
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£
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£
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Trade debtors
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Other debtors
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Prepayments and accrued income
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6
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Creditors:
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amounts falling due within one year
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2022
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2021
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£
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£
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Bank loans and overdrafts
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Trade creditors
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Corporation tax
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Other taxes and social security
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Other creditors
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Accruals and deferred income
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7
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Reserves
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8
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Dividends
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2022
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2021
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£
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£
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Dividends for the period:
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Dividends paid in the period
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12,500
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16,000
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16,000
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Dividends by type:
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Equity dividends
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12,500
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16,000
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