Mark Downs Building Services Ltd
|
Registered Number
:
09009570
|
For the year ended 30 April 2018
England and Wales
Unaudited Financial Statements
For the year ended 30 April 2018
Mark Downs Building Services Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Mark Downs Building Services Ltd
Statement of Financial Position
2017
2018
15,833
18,333
2
Property
,
plant and equipment
|
9,599
12,051
3
25,432
30,384
2,320
1,880
4
43,885
Cash and cash equivalents
|
68,252
70,132
46,205
Trade and other payables
:
amounts falling due within one year
|
(38,992)
(57,063)
5
7,213
13,069
Net current assets
Total assets less current liabilities
|
38,501
37,597
(1,823)
(2,409)
Provisions for liabilities
|
36,678
Net assets
35,188
100
100
36,578
35,088
36,678
35,188
Shareholders' funds
For the year ended 30 April 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006
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The director acknowledges his responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
|
b
)
preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
|
financial year and of its profit or loss for each financial year in accordance with the requirements of Section
394
and
395
and
|
which otherwise comply with the requirements of the Companies Act
2006
relating to financial statements
,
so far as applicable
|
to the company
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 02 July 2018 and were signed by:
|
The notes form part of these financial statements
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For the year ended 30 April 2018
Mark Downs Building Services Ltd
Notes to the Financial Statements
Statutory Information
Mark Downs Building Services Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
09009570
.
|
1 Caledonian Road
Stamford
Lincolnshire
PE9 2TG
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial Reporting Standard
|
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and the Companies Act
2006
.
The
|
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of 10 years.
|
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 30 April 2018
Mark Downs Building Services Ltd
Notes to the Financial Statements Continued
2
.
Intangible fixed assets
|
Goodwill
25,000
25,000
6,667
2,500
Charge for year
9,167
15,833
18,333
Goodwill is being written off over 10 years.
3
.
Property
,
plant and equipment
|
Motor vehicles
16,328
1,000
15,328
667
667
-
15,328
1,667
16,995
Provision for depreciation and impairment
|
4,277
445
3,832
Charge for year
3,119
245
2,874
7,396
690
6,706
8,622
977
9,599
11,496
555
12,051
2017
2018
1,880
2,320
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For the year ended 30 April 2018
Mark Downs Building Services Ltd
Notes to the Financial Statements Continued
5
.
Trade and other payables
:
amounts falling due within one year
|
2017
2018
16,628
1,374
Taxation and social security
|
21,890
19,072
Accruals and deferred income
|
1,668
1,668
Directors
'
loan accounts
|
13,252
10,636
3,625
6,242
57,063
38,992
6
.
Related party transactions
|
The company paid £40000 dividends to the directors during the year under review.
7
.
Guarantees and other financial commitments
|
Capital commitments
There were no commitments for future capital expenditure at the balance sheet date.
No post balance sheet events have occurred since 30 Aoril 2018, which require reporting or disclosing in the accounts.
9
.
Average number of persons employed
|
During the year the average number of employees (including director) was 2 (2017 : 2)
4 of 4