The Shoe Healer Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05580279 (England and Wales)

THE SHOE HEALER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs A Frith

Mr ACH Frith

SECRETARY:

Mrs A Frith

REGISTERED OFFICE:

42-44 Scot Lane

Doncaster

South Yorkshire

DN1 1ES

REGISTERED NUMBER:

05580279 (England and Wales)

FIXED ASSETS

Tangible assets

4

23,933

29,127

CURRENT ASSETS

Stocks

148,200

58,135

Debtors

5

6,674

9,286

Cash at bank and in hand

13,933

22,606

168,807

90,027

CREDITORS

Amounts falling due within one year

6

151,998

106,896

NET CURRENT ASSETS/(LIABILITIES)

16,809

(16,869

)

TOTAL ASSETS LESS CURRENT LIABILITIES

40,742

12,258

CREDITORS

Amounts falling due after more than one year

7

-

(3,333

)

PROVISIONS FOR LIABILITIES

(4,447

)

(5,550

)

NET ASSETS

36,295

3,375

CAPITAL AND RESERVES

Called up share capital

9

4

4

Retained earnings

10

36,291

3,371

SHAREHOLDERS' FUNDS

36,295

3,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 30 April 2019 and were signed on its behalf by:

Mr ACH Frith - Director

1.	STATUTORY INFORMATION

The Shoe Healer 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 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.

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 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

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 8 (2016 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2016

69,383

Additions

608

At 30 September 2017

69,991

DEPRECIATION

At 1 October 2016

40,256

Charge for year

5,802

At 30 September 2017

46,058

NET BOOK VALUE

At 30 September 2017

23,933

At 30 September 2016

29,127

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,200

2,096

Other debtors

5,474

7,190

6,674

9,286

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

3,333

5,000

Trade creditors

97,142

57,073

Taxation and social security

38,064

27,600

Other creditors

13,459

17,223

151,998

106,896

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans

-

3,333

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

3,333

8,333

The bank loan is secured by way of personal guarantees given by the directors of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

4

Ordinary

£1

4

4

10.

RESERVES

Retained

earnings

£

At 1 October 2016

3,371

Profit for the year

97,820

Dividends

(64,900

)

At 30 September 2017

36,291

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, who with family interests, own 100% of the issued share capital.