Company Registration No. 03643991 (England and Wales)
D C L CONSULTANCY SERVICES LIMITED
ANNUAL REPORT AND UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
PAGES FOR FILING WITH REGISTRAR
D C L CONSULTANCY SERVICES LIMITED
COMPANY INFORMATION
Directors
Mr D C Lawrence
Mr L Smith
Company number
03643991
Registered office
Chancery House
Premier Way
Abbey Park Industrial Estate
Romsey
Hampshire
SO15 9DQ
Accountants
Knight Goodhead Limited
7 Bournemouth Road
Chandler's Ford
Eastleigh
Hampshire
SO53 3DA
D C L CONSULTANCY SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
D C L CONSULTANCY SERVICES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2016
31 December 2016
1
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,552,505
1,552,917
Current assets
Debtors
4
16,175
30,582
Cash at bank and in hand
24,704
37,433
40,879
68,015
Creditors: amounts falling due within one year
5
(32,336)
(45,224)
Net current assets
8,543
22,791
Total assets less current liabilities
1,561,048
1,575,708
Creditors: amounts falling due after more than one year
6
(957,000)
(957,000)
Net assets
604,048
618,708
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
603,948
618,608
Total equity
604,048
618,708
D C L CONSULTANCY SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2016
31 December 2016
2
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T he directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
he directors acknowledge their 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 year in question in accordance with section 476 .
he members have not required the company to obtain an audit of its financial statements for the year 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 by the board of directors and authorised for issue on 21 September 2017 and are signed on its behalf by:
Mr D C Lawrence
Director
Company Registration No. 03643991
D C L CONSULTANCY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016
3
1
Accounting policies
Company information
D C L Consultancy Services Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Chancery House, Premier Way, Abbey Park Industrial Estate, Romsey, Hampshire, SO15 9DQ.
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
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business , and is shown net of VAT and other sales related taxes .
, and
is shown net of VAT and other sales related taxes
.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
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:
Land and buildings Freehold
Not provided
Fixtures, fittings & equipment
15% reducing balance
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
The loan arrangement fee is being amortised over the term of the loan which is five years on an amortised cost basis.
D C L CONSULTANCY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
4
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2015 - 2).
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2016 and 31 December 2016
1,550,172
14,147
1,564,319
Depreciation and impairment
At 1 January 2016
-
11,402
11,402
Depreciation charged in the year
-
412
412
At 31 December 2016
-
11,814
11,814
Carrying amount
At 31 December 2016
1,550,172
2,333
1,552,505
At 31 December 2015
1,550,172
2,745
1,552,917
Freehold land and buildings with a carrying amount of £1,550,172 (2015: £1,550,172) have been pledged to secure borrowings of the company.
4
Debtors
2016
2015
Amounts falling due within one year:
£
£
Trade debtors
-
15,525
Other debtors
16,175
15,057
16,175
30,582
D C L CONSULTANCY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2016
5
5
Creditors: amounts falling due within one year
2016
2015
£
£
Trade creditors
3,487
1,391
Other taxation and social security
384
2,850
Other creditors
28,465
40,983
32,336
45,224
6
Creditors: amounts falling due after more than one year
2016
2015
£
£
Bank loans and overdrafts
957,000
957,000
The long-term loans are secured by fixed charges over the properties held by the company.