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J Darlow Engineering Limited
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Report and Accounts
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For the Year Ended |
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30 April 2018
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Company Number |
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08985088
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J Darlow Engineering Limited
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Report and Accounts |
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Year Ending 30 April 2018 |
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Contents |
Page |
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Company Information |
2 |
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Report of the Directors |
3 |
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Profit and Loss Account |
4 |
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Balance Sheet |
5 |
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Notes to the Accounts |
6 to 7 |
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Company Information |
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Director |
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Mr. James Darlow
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Registered Office |
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2 The Precinct
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Rest Bay
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Porthcawl
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Glamorgan
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CF36 3RF
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J Darlow Engineering Limited
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Report of the Directors |
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The director presents a report and financial statements for the year ended 30 April 2018
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Principal Activities |
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The principal activity of the company is the provision of contract services.
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Directors |
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The directors who served during the period and their interest in the shares of the company at the |
beginning and end of the period were as follows: |
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Ordinary Shares of 1GBP each |
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30 April 2018 |
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1 May 2017 |
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Mr. James Darlow
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1 |
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1 |
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Small Company |
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Advantage has been taken of special exemptions applicable to small companies in the preparation |
of this report |
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Registered Office |
On behalf of the board |
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2 The Precinct |
Rest Bay |
Porthcawl |
_________________ |
CF36 3RF |
Mr. James Darlow |
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This report was approved by the board on 10 December 2018 and signed on its behalf |
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J Darlow Engineering Limited
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Trading and Profit and Loss Account |
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Year Ending 30 April 2018 |
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Note |
2018 |
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2017 |
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No. |
£ |
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£ |
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Turnover |
1 |
46803
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68132
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Less Cost of Sales |
0 |
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0 |
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Gross Profit |
46803
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68132
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Administrative Expenses |
21967
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24754
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Operating Profit |
2 |
24836
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43378
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Interest Received |
0 |
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0 |
Interest Payable |
0 |
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0 |
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Profit on Ordinary Activities Before Taxation |
24836
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43378
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Taxation |
4 |
5117
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9540
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Profit on Ordinary Activities After Taxation |
19719 |
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33838 |
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Dividends Paid |
29000 |
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36400 |
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Retained Surplus Transferred to Reserves |
8 |
-9281
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-2562
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Total Recognised Gains And Losses |
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There are no other gains or losses for the year other than those going through the profit and loss |
account. |
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Continuing Activities |
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All income and expenses are from continuing activities. |
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J Darlow Engineering Limited
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Balance Sheet As At |
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30 April 2018 |
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Note |
2018 |
2018 |
2017 |
2017 |
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No. |
£ |
£ |
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£ |
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Fixed Assets |
Intangible Assets |
5 |
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5910
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7880
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Tangible Assets |
5 |
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15142
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14039
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Total Fixed Assets |
5 |
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21052
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21919
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Current Assets: |
Bank account |
4454
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2028
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Trade debtors |
1502
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1116
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Work in progress |
0 |
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0 |
Directors loan account |
0 |
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0 |
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5956 |
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3144 |
Creditors: |
Amounts Falling due Within One Year |
6 |
26745
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15519
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Net Current Assets |
-20789
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-12375
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Total Assets Less Current Liabilities |
263
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9544
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Capital and Reserves |
2018 |
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2017 |
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£ |
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£ |
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Called up Share Capital |
7 |
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1
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1
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Profit and Loss Account |
8 |
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262
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9543
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Shareholders Funds |
8 |
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263
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9544
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The financial statements are hereby approved by the board of directors. |
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Mr. James Darlow |
10 December 2018
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____________________ |
(director) |
_________________ Date |
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J Darlow Engineering Limited
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Notes to the Accounts |
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Year Ending 30 April 2018 |
1. Accounting Policies |
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(a) The accounts have been prepared under the Historical Cost Convention. The principal policies |
which the directors have adopted within that convention are set out below. |
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(b) Depreciation is provided on tangible fixed assets each year in order to write their value down |
over their estimated lives. The rates that apply are as follows: |
Office equipment |
40% |
Plant and equipment |
15% |
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(c) The charge for taxation is based on the profit for the year and takes into account taxation |
deferred because of timing differences between the treatment of certain items for accounting and |
taxation purposes. Provision for deferred taxation is made under the liability method only to the |
extent that it is probable that the liability will become payable in the foreseeable future. |
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(d) Turnover is stated as invoices issued, net of value added tax payable.
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2. Operating Profit |
2018 |
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2017 |
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£ |
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£ |
Operating profit is arrived at after charging: |
Depreciation on tangible fixed assets |
3026 |
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2478 |
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3. Directors Emoluments |
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The amounts received by the directors were as follows: |
Management remuneration |
8184 |
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9428 |
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4. Deferred Tax |
No provision has been made in respect of deferred taxation. The total potential provision |
would have been nil. |
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5. Fixed Assets |
Intangible |
Fixed Asset |
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Tangible Fixed Assets |
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Plant & |
Office |
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Total |
Cost |
Goodwill |
Cost |
Equipment |
Equipment |
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£ |
Opening balance |
9850
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Opening balance |
23325 |
0 |
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23325
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Additions |
0 |
Additions |
2927 |
1202 |
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4129
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Disposals |
0 |
Revaluations |
0 |
0 |
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0 |
Closing balance |
9850
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Closing balance |
26252 |
1202 |
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27454
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Depreciation |
Depreciation |
Opening balance |
1970
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Opening balance |
9286 |
0 |
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9286
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Charge for the year |
1970
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Charge for the year |
2545 |
481 |
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3026
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Disposals |
0 |
Revaluations |
0 |
0 |
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0 |
Closing balance |
3940
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Closing balance |
11831 |
481 |
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12312
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Net Book Value |
Net Book Value |
Closing balance |
5910
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Closing balance |
14421 |
721 |
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15142
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J Darlow Engineering Limited
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Notes to the Accounts (Continued) |
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Year Ending 30 April 2018 |
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6. Creditors: due within one year. |
2018 |
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2017 |
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£ |
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£ |
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Creditors and accruals |
669
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657
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Corporation tax |
5117
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9540
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Paye and ni |
0 |
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0 |
VAT |
1331
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1329
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Directors loan account |
19628
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3993
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26745 |
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15519 |
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7. Share Capital |
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Allocated, called up and fully paid |
Ordinary shares of one GBP each |
1
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1
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8. Shareholders Funds |
Share |
Profit & |
Shareholders |
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Capital |
Loss a/c |
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Funds |
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£ |
£ |
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£ |
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Opening balance |
1
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9543
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9544
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Results for the year |
0 |
-9281 |
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-9281 |
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30 April 2018 |
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9. Controlling Parties |
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A director and a controlling party of the company within the definition contained in FRS 8 is identified as: |
Mr. James Darlow |
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This is the end of the statutory financial statements |