Luckmans Duckett Parker Limited - Accounts to registrar (filleted) - small 17.3

Luckmans Duckett Parker Limited - Accounts to registrar (filleted) - small 17.3


IRIS Accounts Productionv17.3.1.10607146825Board of Directors1.4.1631.3.1731.3.17falsetruefalsefalsefalsetruefalseiso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure071468252016-03-31071468252017-03-31071468252016-04-012017-03-31071468252015-03-31071468252015-04-012016-03-31071468252016-03-3107146825ns15:EnglandWales2016-04-012017-03-3107146825ns14:PoundSterling2016-04-012017-03-3107146825ns10:Director12016-04-012017-03-3107146825ns10:PrivateLimitedCompanyLtd2016-04-012017-03-3107146825ns10:SmallEntities2016-04-012017-03-3107146825ns10:AuditExempt-NoAccountantsReport2016-04-012017-03-3107146825ns10:SmallCompaniesRegimeForDirectorsReport2016-04-012017-03-3107146825ns10:SmallCompaniesRegimeForAccounts2016-04-012017-03-3107146825ns10:FullAccounts2016-04-012017-03-310714682512016-04-012017-03-3107146825ns10:Director22016-04-012017-03-3107146825ns10:Director32016-04-012017-03-3107146825ns10:Director42016-04-012017-03-3107146825ns10:Director52016-04-012017-03-3107146825ns10:RegisteredOffice2016-04-012017-03-3107146825ns5:CurrentFinancialInstruments2017-03-3107146825ns5:CurrentFinancialInstruments2016-03-3107146825ns5:Non-currentFinancialInstruments2017-03-3107146825ns5:Non-currentFinancialInstruments2016-03-3107146825ns5:ShareCapital2017-03-3107146825ns5:ShareCapital2016-03-3107146825ns5:RetainedEarningsAccumulatedLosses2017-03-3107146825ns5:RetainedEarningsAccumulatedLosses2016-03-3107146825ns5:NetGoodwill2016-04-012017-03-3107146825ns5:IntangibleAssetsOtherThanGoodwill2016-04-012017-03-3107146825ns5:FurnitureFittings2016-04-012017-03-3107146825ns5:MotorVehicles2016-04-012017-03-3107146825ns5:ComputerEquipment2016-04-012017-03-3107146825ns5:NetGoodwill2016-03-3107146825ns5:NetGoodwill2017-03-3107146825ns5:NetGoodwill2016-03-3107146825ns5:LandBuildingsns5:ShortLeaseholdAssets2016-03-3107146825ns5:FurnitureFittings2016-03-3107146825ns5:MotorVehicles2016-03-3107146825ns5:ComputerEquipment2016-03-3107146825ns5:LandBuildingsns5:ShortLeaseholdAssets2016-04-012017-03-3107146825ns5:LandBuildingsns5:ShortLeaseholdAssets2017-03-3107146825ns5:FurnitureFittings2017-03-3107146825ns5:MotorVehicles2017-03-3107146825ns5:ComputerEquipment2017-03-3107146825ns5:LandBuildingsns5:ShortLeaseholdAssets2016-03-3107146825ns5:FurnitureFittings2016-03-3107146825ns5:MotorVehicles2016-03-3107146825ns5:ComputerEquipment2016-03-3107146825ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-03-3107146825ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-04-012017-03-3107146825ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2017-03-3107146825ns5:LeasedAssetsHeldAsLesseens5:MotorVehicles2016-03-3107146825ns5:CurrentFinancialInstrumentsns5:WithinOneYear2017-03-3107146825ns5:CurrentFinancialInstrumentsns5:WithinOneYear2016-03-3107146825ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2017-03-3107146825ns5:BetweenTwoFiveYearsns5:Non-currentFinancialInstruments2016-03-3107146825ns5:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControlns5:DividendsPaidTransactions2016-04-012017-03-3107146825ns5:RentalExpenseTransactionsns5:OtherRelatedParties2016-04-012017-03-31


REGISTERED NUMBER: 07146825(England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

LUCKMANS DUCKETT PARKER LIMITED

LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LUCKMANS DUCKETT PARKER LIMITED

COMPANY INFORMATION
for the year ended 31 March 2017







DIRECTORS: S A Twigger
T J Frankton
M D Spafford
A K Rishiraj
N A Waterhouse-Brown





REGISTERED OFFICE: 1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB





REGISTERED NUMBER: 07146825(England and Wales)





ACCOUNTANTS: LDP Luckmans
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

BALANCE SHEET
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,170,000 1,260,000
Tangible assets 5 139,450 141,817
1,309,450 1,401,817

CURRENT ASSETS
Stocks 6 2,125 2,125
Debtors 7 1,935,118 1,842,294
Cash at bank and in hand 500 23,152
1,937,743 1,867,571
CREDITORS
Amounts falling due within one year 8 957,720 1,189,059
NET CURRENT ASSETS 980,023 678,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,289,473

2,080,329

CREDITORS
Amounts falling due after more than one
year

9

(138,421

)

(166,203

)

PROVISIONS FOR LIABILITIES (13,500 ) (11,646 )
NET ASSETS 2,137,552 1,902,480

CAPITAL AND RESERVES
Called up share capital 408 408
Retained earnings 2,137,144 1,902,072
SHAREHOLDERS' FUNDS 2,137,552 1,902,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

BALANCE SHEET - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 21 December 2017and were signed on
its behalf by:





T J Frankton- Director


LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2017

1. STATUTORY INFORMATION

Luckmans Duckett Parker Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 a business in 2010, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

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.

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.

LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2017

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those
held under finance leases are depreciated over their estimated useful lives or the lease term,
whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

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 36.

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2016
and 31 March 2017 1,800,000
AMORTISATION
At 1 April 2016 540,000
Amortisation for year 90,000
At 31 March 2017 630,000
NET BOOK VALUE
At 31 March 2017 1,170,000
At 31 March 2016 1,260,000

LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2017

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2016 51,794 103,629 45,767 70,203 271,393
Additions - 30,562 22,245 13,399 66,206
Disposals - - (45,767 ) - (45,767 )
At 31 March 2017 51,794 134,191 22,245 83,602 291,832
DEPRECIATION
At 1 April 2016 3,453 46,996 24,385 54,742 129,576
Charge for year 10,358 21,206 5,561 10,066 47,191
Eliminated on disposal - - (24,385 ) - (24,385 )
At 31 March 2017 13,811 68,202 5,561 64,808 152,382
NET BOOK VALUE
At 31 March 2017 37,983 65,989 16,684 18,794 139,450
At 31 March 2016 48,341 56,633 21,382 15,461 141,817

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2016 45,767
Additions 22,245
Disposals (45,767 )
At 31 March 2017 22,245
DEPRECIATION
At 1 April 2016 24,385
Charge for year 5,561
Eliminated on disposal (24,385 )
At 31 March 2017 5,561
NET BOOK VALUE
At 31 March 2017 16,684
At 31 March 2016 21,382

6. STOCKS
2017 2016
£    £   
Stocks 2,125 2,125

LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2017

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 1,156,844 1,014,579
Amounts recoverable on contract 561,988 638,772
Other debtors 107,778 66,405
Prepayments 108,508 122,538
1,935,118 1,842,294

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 95,949 124,722
Hire purchase contracts 3,430 10,095
Trade creditors 138,499 207,546
Tax 173,148 142,636
Social security and other taxes 26,564 24,442
VAT 349,053 287,264
Other creditors 18,871 18,573
Directors' current accounts 139,836 307,777
Accruals and deferred income 12,370 66,004
957,720 1,189,059

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans - 2-5 years 50,579 71,798
Hire purchase contracts 15,100 3,450
Other creditors 72,742 90,955
138,421 166,203

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £202,922 (2016 - £148,950) were paid to the directors .

Dividends to shareholders that are not directors totalled £139,973 for the year (2016 £112,225).

Rent of £21,600 (2016 £5,400) was paid to Wharf Five Ltd a company controlled by the directors.