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Unaudited Financial Statements for the Year Ended 30 June 2017 |
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Dalbury Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 30 June 2017 |
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for |
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Dalbury Limited |
Dalbury Limited (Registered number: 05150631) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Dalbury Limited |
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Company Information |
for the Year Ended 30 June 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
The Mill |
Station Road |
Wigton |
Cumbria |
CA7 9BA |
Dalbury Limited (Registered number: 05150631) |
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Balance Sheet |
30 June 2017 |
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30.6.17 | 30.6.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 9 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his responsibilities for: |
(a) |
ensuring that the company keeps 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 Sections 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. |
Dalbury Limited (Registered number: 05150631) |
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Balance Sheet - continued |
30 June 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Dalbury Limited (Registered number: 05150631) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2017 |
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1. | STATUTORY INFORMATION |
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Dalbury Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Freehold property | - |
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Improvements to property | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
Dalbury Limited (Registered number: 05150631) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Plant and | Motor |
property | property | machinery | vehicles | Totals |
£ | £ | £ | £ | £ |
COST |
At 1 July 2016 |
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Additions |
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Disposals |
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At 30 June 2017 |
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DEPRECIATION |
At 1 July 2016 |
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Charge for year |
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Eliminated on disposal |
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At 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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Freehold property includes land at East Learmouth with a cost of £2,400,500 which is held by Mr J A Laing on |
trust for Dalbury Limited. |
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The net book value of assets held on hire purchase, included above, was £202,399 (2016 - £208,117). |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Dalbury Limited (Registered number: 05150631) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2017 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.6.17 | 30.6.16 |
£ | £ |
Bank loans |
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Hire purchase contracts |
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8. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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30.6.17 | 30.6.16 |
£ | £ |
Bank overdrafts |
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Bank loans |
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Yorkshire Bank hold a legal charge over East Learmouth. |
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9. | RESERVES |
Revaluation |
reserve |
£ |
At 1 July 2016 |
and 30 June 2017 |
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10. | RELATED PARTY DISCLOSURES |
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Mr Laing, director and sole shareholder, also operates the business of J A Laing as a sole trader. At the year end |
the company owed this business £1,891,181 (2016 - £1,619,833). This loan is interest free, unsecured and |
repayable on demand. |
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Mr J A Laing also had a directors loan account and was owed £913,331 (2016 - £928,531) at the year end. This |
loan is interest free, unsecured and repayable on demand. |
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11. | ULTIMATE CONTROLLING PARTY |
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The controlling party is Mr J A Laing. |
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12. | FIRST YEAR ADOPTION |
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This is the first year that the company has presented its financial statements under FRS 102. The last financial |
statements under the previous UK GAAP were for the year ended 30 June 2016. The date of transition to FRS |
102 was 1 July 2015. |
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The accounting policies adopted under the previous UK GAAP were not materially different from those adopted |
under FRS 102, and consequently profit for the year ended 30 June 2016 and total equity as at 1 July 2015 and |
30 June 2016 are the same under FRS 102 as they were under previous UK GAAP. |
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Whilst there has been no impact on the reported result in either the current or previous year, nor on total equity |
at, or subsequent to, the date of transition, in complying with the requirement of FRS 102 and the accounting |
policies adopted on transition, certain reclassifications have been made to amounts previously reported. |