Accounts filed on 31-07-2018


ACCOUNTS
FOR THE YEAR ENDED 31/07/2018





DIRECTORS
M Dodson
J P Smith
S Gee


REGISTERED OFFICE
Office 13, Gateway 1000
Whittle Way
Stevenage
Hertfordshire
SG1 2FP


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04116351



ACCOUNTANTS
Ratio Business Services Ltd
10 Mardley Hill
Welwyn
Hertfordshire
AL6 0TN


ACCOUNTS
FOR THEYEARENDED31/07/2018



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/07/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Tangible assets	2		5,314		7,085

CURRENT ASSETS
Stock		25,748		25,789
Debtors	4	1,058,121		1,078,362
Cash at bank and in hand		961,534		1,101,894
		2,045,403		2,206,045
CREDITORS: Amounts falling due within one year	5	808,113		1,041,570
NET CURRENT ASSETS			1,237,290		1,164,475
TOTAL ASSETS LESS CURRENT LIABILITIES			1,242,604		1,171,560

CAPITAL AND RESERVES

Called up share capital	7		321		321
Profit and loss account			1,242,283		1,171,239
SHAREHOLDERS' FUNDS			1,242,604		1,171,560

For the year ending 31/07/2018 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 26/04/2019 and signed on their behalf by



.............................
J P Smith
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		reducing balance 25%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1e. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.




4. DEBTORS	2018	2017
	£	£
Amounts falling due within one year
Trade debtors	149,579	152,381
Amounts due from group companies	908,542	925,981
	1,058,121	1,078,362




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
UK corporation tax	24,835	22,090
VAT	52,810	37,628
PAYE control	29,201	34,185
Directors current account	493	493
Trade creditors	78,427	82,867
Accruals & deferred income	622,347	864,307
	808,113	1,041,570




7. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
3210 Ordinary shares of £.1 each	321	321
	321	321