Registration number:
Delsom Limited
for the Year Ended 30 September 2016
Chartered Accountants
34/35 Queen Street
Bridlington
North Humberside
East Yorkshire
YO15 2SP
Delsom Limited
Contents
Company Information |
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Statement of Comprehensive Income |
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Abridged Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Abridged Financial Statements |
Delsom Limited
Company Information
Directors |
Mr R A Elsom Mr Mervyn James Romilly |
Registered office |
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Accountants |
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Page 1 |
Delsom Limited
Statement of Comprehensive Income for the Year Ended 30 September 2016
Note |
2016 |
2015 |
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(Loss)/profit for the year |
( |
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Total comprehensive income for the year |
( |
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Page 2 |
Delsom Limited
(Registration number: 00529970)
Abridged Balance Sheet as at 30 September 2016
Note |
2016 |
2015 |
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Fixed assets |
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Tangible 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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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Accruals and deferred income |
( |
( |
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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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Total equity |
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For the financial year ending 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Page 3 |
Delsom Limited
(Registration number: 00529970)
Abridged Balance Sheet as at 30 September 2016
Approved and authorised by the Board on
.........................................
Mr R A Elsom
Director
Page 4 |
Delsom Limited
Statement of Changes in Equity for the Year Ended 30 September 2016
Share capital |
Profit and loss account |
Total |
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At 1 October 2015 |
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Loss for the year |
- |
( |
( |
Total comprehensive income |
- |
( |
( |
Dividends |
- |
( |
( |
At 30 September 2016 |
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Share capital |
Profit and loss account |
Total |
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At 1 October 2014 |
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Profit for the year |
- |
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Total comprehensive income |
- |
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Dividends |
- |
( |
( |
At 30 September 2015 |
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Page 5 |
Delsom Limited
Notes to the Abridged Financial Statements for the Year Ended 30 September 2016
General information |
The company is a private company limited by share capital incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold property |
2% on cost |
Fixtures & fittings |
10% on cost |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 6 |
Delsom Limited
Notes to the Abridged Financial Statements for the Year Ended 30 September 2016
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Page 7 |
Delsom Limited
Notes to the Abridged Financial Statements for the Year Ended 30 September 2016
Tangible assets |
Total |
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Cost or valuation |
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At 1 October 2015 |
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Additions |
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At 30 September 2016 |
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Depreciation |
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At 1 October 2015 |
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Charge for the year |
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At 30 September 2016 |
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Carrying amount |
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At 30 September 2016 |
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At 30 September 2015 |
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Included within the net book value of land and buildings above is £79,195 (2015 - £78,780) in respect of freehold land and buildings.
Dividends |
2016 |
2015 |
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£ |
£ |
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Interim dividend of £
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6,000 |
7,000 |
Page 8 |