Company Registration No. 03643991 (England and Wales)
D C L CONSULTANCY SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017
PAGES FOR FILING WITH REGISTRAR
D C L CONSULTANCY SERVICES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2017
31 December 2017
1
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
3
738,465
1,552,505
Current assets
Debtors
4
9,427
16,175
Cash at bank and in hand
29,399
24,704
38,826
40,879
Creditors: amounts falling due within one year
5
(13,033)
(32,336)
Net current assets
25,793
8,543
Total assets less current liabilities
764,258
1,561,048
Creditors: amounts falling due after more than one year
6
-
(957,000)
Net assets
764,258
604,048
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
764,158
603,948
Total equity
764,258
604,048
D C L CONSULTANCY SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2017
31 December 2017
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 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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
.
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 26 June 2018 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 2017
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
Abbey House, Premier Way, Abbey Industrial Estate, Romsey, Hampshire, SO51 9AQ.
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
.
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.
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
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure
. Subsequently it is measured
at fair value a
t
the reporting end date.
The surplus or deficit on revaluation is recognised in profit or loss.
D C L CONSULTANCY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
1
Accounting policies (Continued)
4
1.5
Financial instruments
Basic financial assets
Basic financial assets
include debtors and cash and bank balances. Where these are receivable within one year, they are recorded at transaction price. Basic financial assets receivable after more than one year are carried at
at amortised cost using the effective interest
method
.
Basic financial liabilities
Basic financial liabilities
include creditors. Where these liabilities are payable within one year, they are recorded at transaction price. Basic financial liabilities payable after more than one year are carried at amortised cost using the effective interest method.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2016 - 2).
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2017
1,550,172
Disposals
(811,707)
At 31 December 2017
738,465
Depreciation and impairment
At 1 January 2017 and 31 December 2017
-
Carrying amount
At 31 December 2017
738,465
At 31 December 2016
1,550,172
D C L CONSULTANCY SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2017
5
4
Debtors
2017
2016
Amounts falling due within one year:
£
£
Other debtors
9,427
16,175
5
Creditors: amounts falling due within one year
2017
2016
£
£
Trade creditors
3,328
3,487
Other taxation and social security
-
384
Other creditors
9,705
28,465
13,033
32,336
6
Creditors: amounts falling due after more than one year
2017
2016
£
£
Bank loans and overdrafts
-
957,000
7
Financial commitments, guarantees and contingent liabilities
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £38,809 (2016: £23,211).
8
Related party transactions
During the year, the company made a loan of £190,000 to London and South Property Services Ltd, a company controlled by D Lawrence, director. This loan was written off in full during the year.
During the year, the company made a loan of £190,000 to L Smith, director. This loan was written off in full during the year.