COMPANY REGISTRATION NO. 10214298 (England and Wales)
DAWN COLLINS TRAINING LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2017
PAGES FOR FILING WITH REGISTRAR
DAWN COLLINS TRAINING LTD
COMPANY INFORMATION
Director
Miss D Collins
(Appointed 3 June 2016)
Company number
10214298
Registered office
47 High Street
Braunston
Northamptonshire
NN11 7HR
Accountants
UHY Hacker Young
Lanyon House
Mission Court
Newport
South Wales
United Kingdom
NP20 2DW
DAWN COLLINS TRAINING LTD
CONTENTS
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
DAWN COLLINS TRAINING LTD
STATEMENT OF FINANCIAL POSITION
AS AT
30 JUNE 2017
30 June 2017
- 1 -
2017
Notes
£
£
Fixed assets
Property, plant and equipment
3
1,021
Current assets
Trade and other receivables
4
16,174
Cash and cash equivalents
11,148
27,322
Current liabilities
5
(14,179)
Net current assets
13,143
Total assets less current liabilities
14,164
Provisions for liabilities
(194)
Net assets
13,970
Equity
Called up share capital
6
10
Retained earnings
13,960
Total equity
13,970
The director of the company has elected not to include a copy of the income statement within the financial statements.
true
For the financial period ended 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 28 February 2018
Miss D Collins
Director
Company Registration No. 10214298
DAWN COLLINS TRAINING LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 30 JUNE 2017
- 2 -
Share capital
Retained earnings
Total
Notes
£
£
£
Period ended 30 June 2017:
Profit and total comprehensive income for the period
-
40,960
40,960
Issue of share capital
6
10
-
10
Dividends
-
(27,000)
(27,000)
Balance at 30 June 2017
10
13,960
13,970
DAWN COLLINS TRAINING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2017
- 3 -
1
Accounting policies
Company information
Dawn Collins Training Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
47 High Street, Braunston, Northamptonshire, NN11 7HR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Revenue
Turnover represents amounts receivable for services
provided in the normal course of business
net of VAT and trade discounts.
Revenue from the supply of medical training is recognised upon completion when, and to the extent that, the company obtains the right to consideration in exchange for services provided.
1.3
Property, plant and equipment
Property, plant and equipment
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Computers
20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
DAWN COLLINS TRAINING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2017
1
Accounting policies
(Continued)
- 4 -
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense
.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 1.
3
Property, plant and equipment
Plant and machinery etc
£
Cost
At 3 June 2016
-
Additions
1,250
At 30 June 2017
1,250
Depreciation and impairment
At 3 June 2016
-
Depreciation charged in the period
229
At 30 June 2017
229
Carrying amount
At 30 June 2017
1,021
DAWN COLLINS TRAINING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 JUNE 2017
- 5 -
4
Trade and other receivables
2017
Amounts falling due within one year:
£
Trade receivables
16,104
Other receivables
70
16,174
5
Current liabilities
2017
£
Corporation tax
9,888
Other taxation and social security
2,548
Other payables
773
Accruals and deferred income
970
14,179
6
Called up share capital
2017
£
Ordinary share capital
Issued and fully paid
10 Ordinary of £1 each
10
10
During the period 10 ordinary shares at £1 each was issued and fully paid for cash consideration.
7
Directors' transactions
Dividends totalling £30,000 were paid in the period in respect of shares held by the company's directors.
Advances or credits have been granted by the company to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
-
-
39,108
(39,178)
(70)
-
39,108
(39,178)
(70)