M Humphries & R Sibbons Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06127773 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2019

for

M Humphries & R Sibbons Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Humphries

Ms R Sibbons

Mr S T Andrew

SECRETARY:

Ms R Sibbons

REGISTERED OFFICE:

Unit C Anchor House

School Lane

Chandlers Ford

Eastleigh

SO53 4DY

REGISTERED NUMBER:

06127773 (England and Wales)

ACCOUNTANTS:

Arlington Accountants Limited

Unit C Anchor House

School Lane

Chandlers ford

Eastleigh

Hampshire

SO53 4DY

FIXED ASSETS

Intangible assets

4

-

40,154

Tangible assets

5

-

30,951

-

71,105

CURRENT ASSETS

Stocks

2,100

12,000

Debtors

6

-

583

Cash at bank

215,188

666

217,288

13,249

CREDITORS

Amounts falling due within one year

7

86,876

87,698

NET CURRENT ASSETS/(LIABILITIES)

130,412

(74,449

)

TOTAL ASSETS LESS CURRENT LIABILITIES

130,412

(3,344

)

CREDITORS

Amounts falling due after more than one year

8

-

2,208

NET ASSETS/(LIABILITIES)

130,412

(5,552

)

CAPITAL AND RESERVES

Called up share capital

670

100

Retained earnings

129,742

(5,652

)

SHAREHOLDERS' FUNDS

130,412

(5,552

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 31 July 2019 and were signed on its behalf by:

Mr M Humphries - Director

1.	STATUTORY INFORMATION

M Humphries & R Sibbons Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of fifteen years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2018 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2018

131,457

Disposals

(131,457

)

At 28 February 2019

-

AMORTISATION

At 1 March 2018

91,303

Eliminated on disposal

(91,303

)

At 28 February 2019

-

NET BOOK VALUE

At 28 February 2019

-

At 28 February 2018

40,154

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 March 2018

54,616

85,745

18,983

55,386

214,730

Additions

-

-

-

3,248

3,248

Disposals

(54,699

)

(85,745

)

(31,955

)

(58,634

)

(231,033

)

At 28 February 2019

(83

)

-

(12,972

)

-

(13,055

)

DEPRECIATION

At 1 March 2018

49,076

78,648

12,972

43,083

183,779

Charge for year

-

-

(1

)

-

(1

)

Eliminated on disposal

(49,159

)

(78,648

)

(25,943

)

(43,083

)

(196,833

)

At 28 February 2019

(83

)

-

(12,972

)

-

(13,055

)

NET BOOK VALUE

At 28 February 2019

-

-

-

-

-

At 28 February 2018

5,540

7,097

6,011

12,303

30,951

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

-

583

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

-

36,954

Trade creditors

-

2,914

Taxation and social security

44,150

10,929

Other creditors

42,726

36,901

86,876

87,698

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Hire purchase contracts

-

2,208

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.