Philip Daniels Operations Limited - Accounts to registrar - small 17.2
Philip Daniels Operations Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
Cessation Financial Statements |
for the Period 1 August 2016 to 30 November 2017 |
for |
Philip Daniels Operations Limited |
Philip Daniels Operations Limited (Registered number: SC345976) |
Contents of the Financial Statements |
for the Period 1 August 2016 to 30 November 2017 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
Philip Daniels Operations Limited |
Company Information |
for the Period 1 August 2016 to 30 November 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
46 High Street |
Banchory |
Aberdeenshire |
AB31 5SR |
Philip Daniels Operations Limited (Registered number: SC345976) |
Statement of Financial Position |
30 November 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
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 on |
Philip Daniels Operations Limited (Registered number: SC345976) |
Notes to the Financial Statements |
for the Period 1 August 2016 to 30 November 2017 |
1. | STATUTORY INFORMATION |
Philip Daniels Operations Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
These financial statements for the period ended 31 July 2017 are the first financial statements that have comply |
with FRS 102 Section 1A Small Entities. The date of transition is 1st August 2016. An explanation of how |
transition to FRS 102 Section 1A has affected the reported financial position and financial performance is given |
in the notes below. |
3. | 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 with the Companies Act 2006. The financial statements have been prepared under historical cost |
convention |
Revenue recognition |
Turnover is measured at 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 is recognised when the service has been provided, when the amount of revenue can be measured reliably |
and when its probable that future economic benefits will flow to the entity. If a customer has not been invoiced |
for services provided during the period the income is accrued and included in debtors under prepayments and |
accrued income. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. Tangible Fixed Assets are included at cost less depreciation and impairment. |
Office Equipment - 20% Straight Line |
Financial instruments |
Directors' Loans (being repayable on demand), trade debtors and trade creditors are measured at the |
undiscounted amount of cash or other consideration expected to be paid or received. |
Taxation |
Taxation for the period 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 statement of financial position date. |
Philip Daniels Operations Limited (Registered number: SC345976) |
Notes to the Financial Statements - continued |
for the Period 1 August 2016 to 30 November 2017 |
3. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position 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 period 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. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the |
operating result. |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2016 |
Disposals | ( |
) |
At 30 November 2017 |
DEPRECIATION |
At 1 August 2016 |
Charge for period |
Eliminated on disposal | ( |
) |
At 30 November 2017 |
NET BOOK VALUE |
At 30 November 2017 |
At 31 July 2016 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security |
Other creditors |
Philip Daniels Operations Limited (Registered number: SC345976) |
Notes to the Financial Statements - continued |
for the Period 1 August 2016 to 30 November 2017 |
7. | RELATED PARTY DISCLOSURES |