Registration number:
for the Year Ended
Daniell & Sons Limited
Contents
Abbreviated Balance Sheet |
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Notes to the Abbreviated Accounts |
Daniell & Sons Limited
(Registration number: 03951899)
Abbreviated Balance Sheet as at 31 August 2016
Note |
2016 |
2015 |
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Fixed assets |
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Intangible 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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Creditors: Amounts falling due within one year |
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Net current assets |
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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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Share premium reserve |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
Daniell & Sons Limited
(Registration number: 03951899)
Abbreviated Balance Sheet as at 31 August 2016
.........................................
Mr N C Sansom
Company secretary and director
.........................................
Ms S J Jamil
Director
Daniell & Sons Limited
Notes to the Abbreviated Accounts
Accounting policies |
Turnover
Turnover represents revenue earned under a wide variety of contracts to provide goods and services. Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including expenses and disbursements but excluding value added tax.
Revenue recognition
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Intangible assets
Intangible assets are stated in the balance sheet at cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
10% straight line basis |
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Office equipment |
33.33% reducing balance basis |
Hire purchase and leasing
Rental payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.
Daniell & Sons Limited
Notes to the Abbreviated Accounts
Fixed assets |
Intangible assets |
Tangible assets |
Total |
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Cost |
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At 1 September 2015 |
41,632 |
3,643 |
45,275 |
Additions |
- |
1,193 |
1,193 |
At 31 August 2016 |
41,632 |
4,836 |
46,468 |
Depreciation |
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At 1 September 2015 |
12,955 |
2,983 |
15,938 |
Charge for the year |
4,163 |
612 |
4,775 |
At 31 August 2016 |
17,118 |
3,595 |
20,713 |
Net book value |
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At 31 August 2016 |
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At 31 August 2015 |
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Daniell & Sons Limited
Notes to the Abbreviated Accounts
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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500,000.50 |
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500,000.50 |
Related party transactions |
Transactions with directors |
2016 |
At 1 September 2015 |
Advances to directors |
Repayments by director |
Other payments made to company by director |
At 31 August 2016 |
Mr N C Sansom |
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Joint account |
16,356 |
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( |
- |
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Ms S J Jamil |
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- |
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( |
- |
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2015 |
At 1 September 2014 |
Advances to directors |
Repayments by director |
Other payments made to company by director |
At 31 August 2015 |
Mr N C Sansom |
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Joint account |
16,356 |
( |
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- |
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