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Registration number: 02448056

Mike Dobson (Estate Agents) Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016
 

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

 

Mike Dobson (Estate Agents) Limited
Contents

Abbreviated Balance Sheet

1 to 2

Notes to the Abbreviated Accounts

3 to 5

 

Mike Dobson (Estate Agents) Limited
(Registration number: 02448056)
Abbreviated Balance Sheet at 30 April 2016

   

Note

   

2016
£

   

2015
£

 

Fixed assets

 

             

Intangible fixed assets

 

   

1

   

1

 

Tangible fixed assets

 

   

63,152

   

74,865

 

Investments

 

   

6,000

   

6,000

 
   

   

69,153

   

80,866

 

Current assets

 

             

Debtors

 

   

227,554

   

200,118

 

Cash at bank and in hand

 

   

12,502

   

23,827

 
   

   

240,056

   

223,945

 

Creditors: Amounts falling due within one year

 

   

(129,999)

   

(131,914)

 

Net current assets

 

   

110,057

   

92,031

 

Total assets less current liabilities

 

   

179,210

   

172,897

 

Provisions for liabilities

 

   

(5,679)

   

(4,343)

 

Net assets

 

   

173,531

   

168,554

 

Capital and reserves

 

             

Called up share capital

 

3

   

200

   

200

 

Profit and loss account

 

   

173,331

   

168,354

 

Shareholders' funds

 

   

173,531

   

168,554

 

For the year ending 30 April 2016 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 directors acknowledge their 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 Board on 28 November 2016 and signed on its behalf by:

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 1

 

Mike Dobson (Estate Agents) Limited
(Registration number: 02448056)
Abbreviated Balance Sheet at 30 April 2016
......... continued

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

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

 

Mike Dobson (Estate Agents) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... 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 January 2015).

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 2016
......... 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 2015

 

37,646

   

240,963

   

6,000

   

284,609

 

Additions

 

-

   

1,261

   

-

   

1,261

 

Disposals

 

-

   

(9,150)

   

-

   

(9,150)

 

At 30 April 2016

 

37,646

   

233,074

   

6,000

   

276,720

 

Depreciation

                       

At 1 May 2015

 

37,645

   

166,098

   

-

   

203,743

 

Charge for the year

 

-

   

10,261

   

-

   

10,261

 

Eliminated on disposals

 

-

   

(6,437)

   

-

   

(6,437)

 

At 30 April 2016

 

37,645

   

169,922

   

-

   

207,567

 

Net book value

                       

At 30 April 2016

 

1

   

63,152

   

6,000

   

69,153

 

At 30 April 2015

 

1

   

74,865

   

6,000

   

80,866

 

3

Share capital

Allotted, called up and fully paid shares

 

2016

2015

   

No.

   

£

   

No.

   

£

 

Ordinary 'A' of £1 each

 

100

   

100

   

100

   

100

 

Ordinary 'B' of £1 each

 

100

   

100

   

100

   

100

 
   

200

   

200

   

200

   

200

 
 

Mike Dobson (Estate Agents) Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2016
......... continued

4

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.