Luckmans Duckett Parker Limited - Accounts to registrar (filleted) - small 18.2

Luckmans Duckett Parker Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 07146825(England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

LUCKMANS DUCKETT PARKER LIMITED

LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2018




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 2018







DIRECTORS: S A Twigger
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 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,080,000 1,170,000
Tangible assets 5 107,869 139,450
Investments 6 1 -
1,187,870 1,309,450

CURRENT ASSETS
Stocks 7 2,125 2,125
Debtors 8 2,294,699 1,935,118
Cash at bank and in hand 1,922 500
2,298,746 1,937,743
CREDITORS
Amounts falling due within one year 9 918,379 957,720
NET CURRENT ASSETS 1,380,367 980,023
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,568,237

2,289,473

CREDITORS
Amounts falling due after more than one
year

10

(101,170

)

(138,421

)

PROVISIONS FOR LIABILITIES (10,508 ) (13,500 )
NET ASSETS 2,456,559 2,137,552

CAPITAL AND RESERVES
Called up share capital 408 408
Retained earnings 2,456,151 2,137,144
SHAREHOLDERS' FUNDS 2,456,559 2,137,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

BALANCE SHEET - continued
31 March 2018


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 20 December 2018and were signed on
its behalf by:





M D Spafford- Director


LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2018

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.

Turnover represents the provision of accountancy, audit and tax services during the year. Turnover
also includes introducer commissions and fee protection administration fees.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2018

2. ACCOUNTING POLICIES - continued
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.

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 39(2017 - 36) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2017
and 31 March 2018 1,800,000
AMORTISATION
At 1 April 2017 630,000
Amortisation for year 90,000
At 31 March 2018 720,000
NET BOOK VALUE
At 31 March 2018 1,080,000
At 31 March 2017 1,170,000

LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2018

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2017 51,794 134,191 22,245 83,602 291,832
Additions - 6,311 - 9,926 16,237
At 31 March 2018 51,794 140,502 22,245 93,528 308,069
DEPRECIATION
At 1 April 2017 13,811 68,202 5,561 64,808 152,382
Charge for year 10,359 22,469 4,171 10,819 47,818
At 31 March 2018 24,170 90,671 9,732 75,627 200,200
NET BOOK VALUE
At 31 March 2018 27,624 49,831 12,513 17,901 107,869
At 31 March 2017 37,983 65,989 16,684 18,794 139,450

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2017
and 31 March 2018 22,245
DEPRECIATION
At 1 April 2017 5,561
Charge for year 4,171
At 31 March 2018 9,732
NET BOOK VALUE
At 31 March 2018 12,513
At 31 March 2017 16,684

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1
At 31 March 2018 1
NET BOOK VALUE
At 31 March 2018 1

LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2018

7. STOCKS
2018 2017
£    £   
Stocks 2,125 2,125

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,199,946 1,156,844
Amounts recoverable on contract 647,898 561,988
Other debtors 213,708 107,778
Directors' current accounts 134,128 -
Tax 11,581 -
Prepayments 87,438 108,508
2,294,699 1,935,118

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 126,373 95,949
Hire purchase contracts 3,430 3,430
Trade creditors 98,459 138,499
Amounts owed to group undertakings 1 -
Tax 207,705 173,148
Social security and other taxes 27,484 26,564
VAT 398,136 349,053
Other creditors 18,884 18,871
Directors' current accounts 3,520 139,836
Accruals and deferred income 34,387 12,370
918,379 957,720

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans - 2-5 years 34,917 50,579
Hire purchase contracts 11,670 15,100
Other creditors 54,583 72,742
101,170 138,421

LUCKMANS DUCKETT PARKER LIMITED (REGISTERED NUMBER: 07146825)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2018

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and
31 March 2017:

2018 2017
£    £   
S A Twigger
Balance outstanding at start of year - -
Amounts advanced 35,635 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,635 -

T J Frankton
Balance outstanding at start of year - -
Amounts advanced 98,494 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,494 -

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £207,300 (2017 - £202,922) were paid to the directors .

Dividends to shareholders that are not directors totalled £173,800 for the year (2017 £139,973).

Rent of £21,600 (2017 £21,600) was paid to Wharf Five Ltd a company controlled by the directors.