false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2017-01-01
Sage Accounts Production Advanced 2017 Update 4 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
05309357
2017-01-01
2017-12-31
05309357
2017-12-31
05309357
2016-12-31
05309357
2016-01-01
2016-12-31
05309357
2016-12-31
05309357
2015-12-31
05309357
core:NetGoodwill
2017-01-01
2017-12-31
05309357
core:MotorVehicles
2017-01-01
2017-12-31
05309357
bus:LeadAgentIfApplicable
2017-01-01
2017-12-31
05309357
bus:Director1
2017-01-01
2017-12-31
05309357
bus:Director2
2017-01-01
2017-12-31
05309357
core:WithinOneYear
2017-12-31
05309357
core:WithinOneYear
2016-12-31
05309357
core:ShareCapital
2017-12-31
05309357
core:ShareCapital
2016-12-31
05309357
core:RetainedEarningsAccumulatedLosses
2017-12-31
05309357
core:RetainedEarningsAccumulatedLosses
2016-12-31
05309357
core:BetweenOneFiveYears
2017-12-31
05309357
core:BetweenOneFiveYears
2016-12-31
05309357
bus:Director1
2016-12-31
05309357
bus:Director1
2017-12-31
05309357
bus:Director2
2016-12-31
05309357
bus:Director2
2017-12-31
05309357
bus:Director1
2015-12-31
05309357
bus:Director1
2016-12-31
05309357
bus:Director2
2015-12-31
05309357
bus:Director2
2016-12-31
05309357
bus:Director1
2016-01-01
2016-12-31
05309357
bus:Director2
2016-01-01
2016-12-31
05309357
bus:FRS102
2017-01-01
2017-12-31
05309357
bus:AuditExemptWithAccountantsReport
2017-01-01
2017-12-31
05309357
bus:AbridgedAccounts
2017-01-01
2017-12-31
05309357
bus:SmallCompaniesRegimeForAccounts
2017-01-01
2017-12-31
05309357
bus:PrivateLimitedCompanyLtd
2017-01-01
2017-12-31
05309357
core:FurnitureFittingsToolsEquipment
2017-01-01
2017-12-31
Statement of Consent to Prepare Abridged Financial Statements
|
|
All of the members of D2 Planning Limited have consented to the preparation of the abridged statement of financial position for the year ending 31 December 2017 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
05309357
Filleted Unaudited Abridged Financial Statements
|
|
Abridged Financial Statements
|
|
Year ended 31 December 2017
Report to the board of directors on the preparation of the unaudited statutory abridged financial statements
|
1
|
|
|
Abridged statement of financial position
|
2 to 3
|
|
|
Notes to the abridged financial statements
|
4 to 8
|
|
|
Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of
D2 Planning Limited
|
|
Year ended 31 December 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of D2 Planning Limited for the year ended 31 December 2017, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
JAY & JAY PARTNERSHIP LIMITED
Chartered Certified Accountants
2 Chesterfield Buildings
Westbourne Place
Clifton
Bristol
BS8 1RU
26 September 2018
Abridged Statement of Financial Position
|
|
31 December 2017
Fixed assets
Tangible assets
|
6
|
1,003,234
|
676,433
|
|
|
|
|
Current assets
Debtors
|
220,974
|
241,804
|
Cash at bank and in hand
|
1,057,291
|
1,062,468
|
|
------------
|
------------
|
|
1,278,265
|
1,304,272
|
|
|
|
Creditors: amounts falling due within one year
|
152,403
|
206,499
|
|
------------
|
------------
|
Net current assets
|
1,125,862
|
1,097,773
|
|
------------
|
------------
|
Total assets less current liabilities
|
2,129,096
|
1,774,206
|
|
|
|
Provisions
Taxation including deferred tax
|
4,802
|
–
|
|
------------
|
------------
|
Net assets
|
2,124,294
|
1,774,206
|
|
------------
|
------------
|
|
|
|
Capital and reserves
Called up share capital
|
10
|
10
|
Profit and loss account
|
2,124,284
|
1,774,196
|
|
------------
|
------------
|
Shareholders funds
|
2,124,294
|
1,774,206
|
|
------------
|
------------
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
Abridged Statement of Financial Position (continued)
|
|
31 December 2017
These abridged financial statements were approved by the
board of directors
and authorised for issue on
26 September 2018
, and are signed on behalf of the board by:
Ms A. D. Skinner
|
Mr D. S. Dunlop
|
Director
|
Director
|
|
|
Company registration number:
05309357
Notes to the Abridged Financial Statements
|
|
Year ended 31 December 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Chesterfield Buildings, Westbourne Place, Clifton, Bristol, BS8 1RU.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
|
Goodwill
|
-
|
25% straight line
|
|
|
|
|
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Motor vehicles
|
-
|
25% reducing balance
|
|
Equipment
|
-
|
15% reducing balance
|
|
|
|
|
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the abridged statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2016:
4
).
5.
Intangible assets
|
£
|
Cost
|
|
At 1 January 2017 and 31 December 2017
|
5,000
|
|
-------
|
Amortisation
|
|
At 1 January 2017 and 31 December 2017
|
5,000
|
|
-------
|
Carrying amount
|
|
At 31 December 2017
|
–
|
|
-------
|
At 31 December 2016
|
–
|
|
-------
|
|
|
6.
Tangible assets
|
£
|
Cost or valuation
|
|
At 1 January 2017
|
691,576
|
Additions
|
257,517
|
Disposals
|
(
801)
|
Revaluations
|
74,489
|
|
------------
|
At 31 December 2017
|
1,022,781
|
|
------------
|
Depreciation
|
|
At 1 January 2017
|
15,143
|
Charge for the year
|
5,048
|
Disposals
|
(
644)
|
|
------------
|
At 31 December 2017
|
19,547
|
|
------------
|
Carrying amount
|
|
At 31 December 2017
|
1,003,234
|
|
------------
|
At 31 December 2016
|
676,433
|
|
------------
|
|
|
Included within the above is investment property as follows:
|
£
|
At 1 January 2017
|
653,661
|
Additions
|
256,989
|
Fair value adjustments
|
74,489
|
|
---------
|
At 31 December 2017
|
985,139
|
|
---------
|
|
|
The directors consider the cost of the investment properties to be a fair representation of their value at 31 December 2017.
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
|
£
|
At 31 December 2017
|
|
Aggregate cost
|
910,649
|
Aggregate depreciation
|
–
|
|
---------
|
Carrying value
|
910,649
|
|
---------
|
|
|
At 31 December 2016
|
|
Aggregate cost
|
653,661
|
Aggregate depreciation
|
–
|
|
---------
|
Carrying value
|
653,661
|
|
---------
|
|
|
7.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2017
|
2016
|
|
£
|
£
|
Not later than 1 year
|
14,028
|
13,300
|
Later than 1 year and not later than 5 years
|
37,353
|
48,782
|
|
--------
|
--------
|
|
51,381
|
62,082
|
|
--------
|
--------
|
|
|
|
8.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
|
2017
|
|
|
Balance brought forward
|
Advances/ (credits) to the directors
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
Ms A. D. Skinner
|
(
13,060)
|
(
130)
|
10,250
|
(
2,940)
|
|
Mr D. S. Dunlop
|
(
13,060)
|
(
130)
|
10,250
|
(
2,940)
|
|
|
--------
|
----
|
--------
|
-------
|
|
|
(
26,120)
|
(
260)
|
20,500
|
(
5,880)
|
|
|
--------
|
----
|
--------
|
-------
|
|
|
|
|
|
|
|
2016
|
|
|
Balance brought forward
|
Advances/ (credits) to the directors
|
Amounts repaid
|
Balance outstanding
|
|
|
£
|
£
|
£
|
£
|
|
Ms A. D. Skinner
|
(
430)
|
(
14,166)
|
1,536
|
(
13,060)
|
|
Mr D. S. Dunlop
|
(
430)
|
(
14,166)
|
1,536
|
(
13,060)
|
|
|
----
|
--------
|
-------
|
--------
|
|
|
(
860)
|
(
28,332)
|
3,072
|
(
26,120)
|
|
|
----
|
--------
|
-------
|
--------
|
|
|
|
|
|
|
The above loans are interest free and repayable on demand.