Deadwood Enterprises Limited - Accounts to registrar (filleted) - small 18.2

Deadwood Enterprises Limited - Accounts to registrar (filleted) - small 18.2

DEADWOOD ENTERPRISES LIMITED - Company Information

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REGISTERED NUMBER: 05365247 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

DEADWOOD ENTERPRISES LIMITED
The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ








DEADWOOD ENTERPRISES LIMITED (REGISTERED NUMBER: 05365247)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DEADWOOD ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTORS: N M Kingsley-Smith
Mrs E Kingsley-Smith





REGISTERED OFFICE: 81 High Street
Chatham
Kent
ME4 4EE





REGISTERED NUMBER: 05365247 (England and Wales)





ACCOUNTANTS: The Carley Partnership
St James's House
8 Overcliffe
Gravesend
Kent
DA11 0HJ
Page 1
DEADWOOD ENTERPRISES LIMITED (REGISTERED NUMBER: 05365247)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 100,000 70,000

CURRENT ASSETS
Stocks 42,240 42,241
Debtors 4 840 1,405
Cash at bank 2,860 4,701
45,940 48,347
CREDITORS
Amounts falling due within one year 5 4,389 8,984
NET CURRENT ASSETS 41,551 39,363
TOTAL ASSETS LESS CURRENT
LIABILITIES
141,551
109,363

PROVISIONS FOR LIABILITIES 17,000 13,300
NET ASSETS 124,551 96,063

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 124,549 96,061
SHAREHOLDERS' FUNDS 124,551 96,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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.

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 27 November 2018 and were signed on its behalf
by:





Mrs E Kingsley-Smith - Director


The notes form part of these financial statements

Page 2
DEADWOOD ENTERPRISES LIMITED (REGISTERED NUMBER: 05365247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018


1. STATUTORY INFORMATION

Deadwood Enterprises 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 as modified by the revaluation of certain assets.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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.

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2017 70,000
Revaluations 30,000
At 28 February 2018 100,000
NET BOOK VALUE
At 28 February 2018 100,000
At 28 February 2017 70,000

Page 3 continued...
DEADWOOD ENTERPRISES LIMITED (REGISTERED NUMBER: 05365247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018


3. INVESTMENT PROPERTY - continued

Fair value at 28 February 2018 is represented by:

£   
Valuation in 2017 70,000
Valuation in 2018 30,000
100,000

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 840 840
Other debtors - 565
840 1,405

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Taxation and social security 1,216 6,658
Other creditors 3,173 2,326
4,389 8,984

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Retained
earnings
£   

At 1 March 2017 96,061
Profit for the year 28,488
At 28 February 2018 124,549

Included in reserves are non distributable amounts totalling £83,000 (2017: £56,700).

Page 4