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Registration number: 02448056

Mike Dobson (Estate Agents) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

Walker & Sutcliffe
Chartered Accountants
12 Greenhead Road
Huddersfield
West Yorkshire
HD1 4EN

 

Mike Dobson (Estate Agents) Limited
Contents

Accountants' Report

1

Abbreviated Balance Sheet

2 to 3

Notes to the Abbreviated Accounts

4 to 6

 

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6 ) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Mike Dobson (Estate Agents) Limited
for the Year Ended 30 April 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mike Dobson (Estate Agents) Limited for the year ended 30 April 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW) , we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook .

This report is made solely to the Board of Directors of Mike Dobson (Estate Agents) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mike Dobson (Estate Agents) Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mike Dobson (Estate Agents) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mike Dobson (Estate Agents) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mike Dobson (Estate Agents) Limited. You consider that Mike Dobson (Estate Agents) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Mike Dobson (Estate Agents) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Walker & Sutcliffe
Chartered Accountants
12 Greenhead Road
Huddersfield
West Yorkshire
HD1 4EN

13 October 2015

 

Mike Dobson (Estate Agents) Limited
(Registration number: 02448056)
Abbreviated Balance Sheet at 30 April 2015

   

Note

   

2015
£

   

2014
£

 

Fixed assets

 

             

Intangible fixed assets

 

   

1

   

1

 

Tangible fixed assets

 

   

74,865

   

62,472

 

Investments

 

   

6,000

   

-

 
   

   

80,866

   

62,473

 

Current assets

 

             

Debtors

 

   

200,118

   

138,173

 

Cash at bank and in hand

 

   

23,827

   

113,724

 
   

   

223,945

   

251,897

 

Creditors: Amounts falling due within one year

 

   

(131,914)

   

(159,963)

 

Net current assets

 

   

92,031

   

91,934

 

Total assets less current liabilities

 

   

172,897

   

154,407

 

Provisions for liabilities

 

   

(4,343)

   

(3,995)

 

Net assets

 

   

168,554

   

150,412

 

Capital and reserves

 

             

Called up share capital

 

4

   

200

   

200

 

Profit and loss account

 

   

168,354

   

150,212

 

Shareholders' funds

 

   

168,554

   

150,412

 

For the year ending 30 April 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 13 October 2015

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

 

Mike Dobson (Estate Agents) Limited
(Registration number: 02448056)
Abbreviated Balance Sheet at 30 April 2015
......... continued

.........................................
M J Dobson
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

 

Mike Dobson (Estate Agents) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

1

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Goodwill

Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on tangible fixed assets so as to write off the goodwill, being the amount paid in connection with the acquisition of a business in 1991, over its expected useful economic life as follows:

Asset class

Amortisation method and rate

Goodwill

5% on cost

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Freehold property

2% on cost

Improvements to property

20% on cost

Fixtures and fittings

15% on reducing balance

Motor vehicles

25% on reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Deferred tax

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

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

 

Mike Dobson (Estate Agents) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the priod to which they relate.

2

Fixed assets

   

Intangible assets
£

   

Tangible assets
£

   

Investments
£

   

Total
£

 

Cost

                       

At 1 May 2014

 

37,646

   

218,510

   

-

   

256,156

 

Additions

 

-

   

25,453

   

6,000

   

31,453

 

Disposals

 

-

   

(3,000)

   

-

   

(3,000)

 

At 30 April 2015

 

37,646

   

240,963

   

6,000

   

284,609

 

Depreciation

                       

At 1 May 2014

 

37,645

   

156,038

   

-

   

193,683

 

Charge for the year

 

-

   

11,925

   

-

   

11,925

 

Eliminated on disposals

 

-

   

(1,865)

   

-

   

(1,865)

 

At 30 April 2015

 

37,645

   

166,098

   

-

   

203,743

 

Net book value

                       

At 30 April 2015

 

1

   

74,865

   

6,000

   

80,866

 

At 30 April 2014

 

1

   

62,472

   

-

   

62,473

 

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

 

2015
£

   

2014
£

 

 

   

 

Amounts falling due within one year

 

-

   

123

 
 

Mike Dobson (Estate Agents) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

4

Share capital

Allotted, called up and fully paid shares

 

2015

2014

   

No.

   

£

   

No.

   

£

 

Ordinary 'A' of £1 each

 

100

   

100

   

100

   

100

 

Ordinary 'B' of £1 each

 

100

   

100

   

100

   

100

 
   

200

   

200

   

200

   

200

 

5

Control

The company is controlled by MJD Property Group Limited which is regarded by the directors as being the company's ultimate parent company. The ultimate controlling party is M J Dobson.