REGISTERED NUMBER: 07510250 (England and Wales)

D CHUBB LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2018

Page

Company Information

1

Certified Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

7

DIRECTORS:

Mr D A Chubb

Mrs L Chubb

SECRETARY:

Mrs L Chubb

REGISTERED OFFICE:

3 Ffordd Tyn Clwt

Penrhos

Bangor

Gwynedd

LL57 2LU

REGISTERED NUMBER:

07510250 (England and Wales)

ACCOUNTANTS:

Hart Parry Cyf

Chartered Certified Accountants

9 Chestnut Court

Parc Menai

Bangor

Gwynedd

LL57 4FH

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to

file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements

and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of D Chubb Limited for the year ended 31 January 2018 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of D Chubb Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of D Chubb Limited and state those matters that we have agreed to state to the Board of Directors of D Chubb Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that D Chubb Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of D Chubb Limited. You consider that D Chubb 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 financial statements of D Chubb 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 financial statements.

Hart Parry Cyf

Chartered Certified Accountants

9 Chestnut Court

Parc Menai

Bangor

Gwynedd

LL57 4FH

27 March 2018

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

194,609

156,543

194,609

156,543

CURRENT ASSETS

Stocks

16,743

23,762

Debtors

6

141,354

99,725

Cash at bank and in hand

13,563

122,185

171,660

245,672

CREDITORS

Amounts falling due within one year

7

220,639

114,510

NET CURRENT (LIABILITIES)/ASSETS

(48,979

)

131,162

TOTAL ASSETS LESS CURRENT LIABILITIES

145,630

287,705

CREDITORS

Amounts falling due after more than one year

8

(5,497

)

(18,374

)

PROVISIONS FOR LIABILITIES

(36,975

)

(31,308

)

NET ASSETS

103,158

238,023

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

103,058

237,923

SHAREHOLDERS' FUNDS

103,158

238,023

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 March 2018 and were signed on its behalf by:

Mr D A Chubb - Director

Mrs L Chubb - Director

1.	STATUTORY INFORMATION

D Chubb 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.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2017 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 February 2017

and 31 January 2018

26,250

AMORTISATION

At 1 February 2017

and 31 January 2018

26,250

NET BOOK VALUE

At 31 January 2018

-

At 31 January 2017

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2017

295,084

Additions

153,041

Disposals

(83,585

)

At 31 January 2018

364,540

DEPRECIATION

At 1 February 2017

138,541

Charge for year

64,363

Eliminated on disposal

(32,973

)

At 31 January 2018

169,931

NET BOOK VALUE

At 31 January 2018

194,609

At 31 January 2017

156,543

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 February 2017

168,944

Additions

123,754

Disposals

(62,972

)

At 31 January 2018

229,726

DEPRECIATION

At 1 February 2017

66,387

Charge for year

19,514

Eliminated on disposal

(17,628

)

At 31 January 2018

68,273

NET BOOK VALUE

At 31 January 2018

161,453

At 31 January 2017

102,557

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

131,925

93,097

Other debtors

9,429

6,628

141,354

99,725

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

24,787

-

Hire purchase contracts

61,752

41,594

Trade creditors

75,458

20,640

Taxation and social security

58,642

52,276

220,639

114,510

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Hire purchase contracts

5,497

18,374