SERVICES FAMILY LTD
SERVICES FAMILY LTD
Registered number: 09079706
Unaudited Financial Statements
For The Year Ended 30 June 2018
Brooks & Partners Accountants Ltd
SERVICES FAMILY LTD
Unaudited Financial Statements
For The Year Ended 30 June 2018
Unaudited Financial Statements
| Contents | |
| Page | |
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| Statement of Financial Position | 1—2 |
| Notes to the Financial Statements | 3—4 |
SERVICES FAMILY LTD
Statement of Financial Position
As at
30 June 2018
Statement of Financial Position
Registered number:
09079706
For the year ending 30 June 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 2018 | 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible Assets | 3 |
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| CURRENT ASSETS | |||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Share premium account |
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| Income Statement |
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| SHAREHOLDERS' FUNDS | 595,578 | 434,504 | |||
Page 1
SERVICES FAMILY LTD
Statement of Financial Position (continued)
As at
30 June 2018
Directors' responsibilities:
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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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
SERVICES FAMILY LTD
Notes to the Financial Statements
For The Year Ended 30 June 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Intangible Fixed Assets and Amortisation - Other Intangible
Software assets are focussed on the development and creation of a bespoke system to allow customer profiling, product development, distribution and supporting new income streams in the Insurance and Lending business lines. They will be amortised to the income statement over its estimated economic life of 10 years once development has been completed, tested and is available for use.
1.3.
Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are trademarks owned and in the process of development by the company. The cost of these are amortised to the income statement over their estimated economic life of 10 years.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2017: 4)
3.
Intangible Assets
| Other | Intellectual Property | Total | |
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| Cost | |||
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| Amortisation | |||
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| Provided during the period |
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| Net Book Value | |||
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Page 3
SERVICES FAMILY LTD
Notes to the Financial Statements (continued)
For The Year Ended 30 June 2018
4.
Debtors
| 2018 | 2017 | ||
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| £ | £ | ||
| Due within one year | |||
| VAT |
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5.
Creditors: Amounts Falling Due Within One Year
| 2018 | 2017 | ||
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| £ | £ | ||
| Trade creditors |
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| Accruals and deferred income |
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| Directors' loan accounts |
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| Amounts owed to related parties |
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6.
Share Capital
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| Allotted, Called up and fully paid |
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7.
Related Party Transactions
Included in creditors are loans of £50,000 (2017: Nil) from two directors serving in the year, interest will be charged monthly commencing 1st February 2019 at a rate of 3% per annum.
These loans are unsecured and repayable on demand.
At the year end the company owed £50,000 (2017: Nil) to companies owned and operated by two of the directors, interest will be charged monthly commencing 1st February 2019 at a rate of 3% per annum.
This loan is unsecured and repayable on demand.
8.
General Information
SERVICES FAMILY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09079706 . The registered office is 22 St Peter's Street, Stamford, Lincolnshire, PE9 2PF.
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