Phillip J Dolman Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11398597 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2022

for

Phillip J Dolman Ltd

Trading as

Dolman's Chartered Accountants

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P Dolman

REGISTERED OFFICE:

The Mews

Hounds Road

Chipping Sodbury

BS37 6EE

REGISTERED NUMBER:

11398597 (England and Wales)

FIXED ASSETS

Intangible assets

4

567,561

587,561

Tangible assets

5

4,911

4,057

572,472

591,618

CURRENT ASSETS

Stocks

22,994

54,500

Debtors

6

165,180

124,071

Cash at bank

69,069

32,107

257,243

210,678

CREDITORS

Amounts falling due within one year

7

455,352

357,869

NET CURRENT LIABILITIES

(198,109

)

(147,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

374,363

444,427

CREDITORS

Amounts falling due after more than one year

8

(131,878

)

(281,659

)

PROVISIONS FOR LIABILITIES

(933

)

-

NET ASSETS

241,552

162,768

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

241,542

162,758

SHAREHOLDERS' FUNDS

241,552

162,768

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 March 2023 and were signed by:

P Dolman - Director

1.	STATUTORY INFORMATION

Phillip J Dolman Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of 4 businesses since incorporation, is being impaired each year.

Goodwill is measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Stocks

Work in progress is valued, in accordance with FRS 102, at recoverable value.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2021 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2021

587,561

Impairments

(20,000

)

At 30 June 2022

567,561

NET BOOK VALUE

At 30 June 2022

567,561

At 30 June 2021

587,561

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2021

7,983

Additions

3,800

At 30 June 2022

11,783

DEPRECIATION

At 1 July 2021

3,926

Charge for year

2,946

At 30 June 2022

6,872

NET BOOK VALUE

At 30 June 2022

4,911

At 30 June 2021

4,057

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

164,574

123,128

Other debtors

606

943

165,180

124,071

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

18,568

16,517

Payments on account

13,671

5,195

Trade creditors

1,196

3,483

Taxation and social security

154,517

105,162

Other creditors

267,400

227,512

455,352

357,869

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

57,987

75,150

Other creditors

73,891

206,509

131,878

281,659

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2022

2021

£

£

Within one year

20,000

20,000

Between one and five years

15,000

15,000

35,000

35,000

10.	OTHER FINANCIAL COMMITMENTS

On 1 February 2020, the company acquired the entire share capital of Derek J Stenner Ltd as a wholly owned subsidiary. On 1 June 2020 the trade, assets, and liabilities of Derek J Stenner Ltd were transferred at Net book value and are included within the balance sheet.

The acquisition of Derek J Stenner Ltd was financed by a loan from the vendors. Security has been provided by a charge over the company assets of Phillip J Dolman Ltd and a director's guarantee.

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2022 and 30 June 2021:

2022

2021

£

£

P Dolman

Balance outstanding at start of year

(1,682

)

(14,086

)

Amounts advanced

38,970

12,404

Amounts repaid

(84,745

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(47,457

)

(1,682

)

Loan given to the company by the director which is interest free not secured against the company assets and repayable on demand.

12.	RELATED PARTY DISCLOSURES

Included within liabilities is a loan given to the company by Mr T J Dolman a connected party to the director. The balance outstanding at the end of the year is £79,285 (2021 £21,903). The company is repaying the loan monthly and interest is charged annually.