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

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

THE SHOE HEALER LIMITED - Company Information

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REGISTERED NUMBER: 05580279 (England and Wales)















THE SHOE HEALER LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018






THE SHOE HEALER LIMITED (REGISTERED NUMBER: 05580279)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE SHOE HEALER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2018







DIRECTORS: Mrs A Frith
ACH Frith





SECRETARY: Mrs A Frith





REGISTERED OFFICE: 42-44 Scot Lane
Doncaster
South Yorkshire
DN1 1ES





REGISTERED NUMBER: 05580279 (England and Wales)





Page 1
THE SHOE HEALER LIMITED (REGISTERED NUMBER: 05580279)

BALANCE SHEET
30 SEPTEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,017 23,933

CURRENT ASSETS
Stocks 70,150 148,200
Debtors 5 11,737 6,674
Cash at bank and in hand 244 13,933
82,131 168,807
CREDITORS
Amounts falling due within one year 6 119,975 151,998
NET CURRENT (LIABILITIES)/ASSETS (37,844 ) 16,809
TOTAL ASSETS LESS CURRENT
LIABILITIES
(18,827
)
40,742

PROVISIONS FOR LIABILITIES 3,613 4,447
NET (LIABILITIES)/ASSETS (22,440 ) 36,295

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (22,444 ) 36,291
SHAREHOLDERS' FUNDS (22,440 ) 36,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
THE SHOE HEALER LIMITED (REGISTERED NUMBER: 05580279)

BALANCE SHEET - continued
30 SEPTEMBER 2018


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:





ACH Frith - Director


The notes form part of these financial statements

Page 3
THE SHOE HEALER LIMITED (REGISTERED NUMBER: 05580279)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2018


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.

Page 4 continued...
THE SHOE HEALER LIMITED (REGISTERED NUMBER: 05580279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2017 69,991
Additions 737
Disposals (5,012 )
At 30 September 2018 65,716
DEPRECIATION
At 1 October 2017 46,058
Charge for year 4,464
Eliminated on disposal (3,823 )
At 30 September 2018 46,699
NET BOOK VALUE
At 30 September 2018 19,017
At 30 September 2017 23,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,241 1,200
Other debtors 10,496 5,474
11,737 6,674

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 6,602 3,333
Trade creditors 50,429 97,142
Taxation and social security 22,475 38,064
Other creditors 40,469 13,459
119,975 151,998

7. GOING CONCERN

The accounts have been prepared on the going concern basis. At the balance sheet date the company had net
current liabilities of £ 37,844. The directors consider the basis of the preparation to be appropriate as a result of
expected continuing financial support from the company's principal creditors and future prospects.

Page 5 continued...
THE SHOE HEALER LIMITED (REGISTERED NUMBER: 05580279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2018


8. EXCEPTIONAL ITEM

During the year the company sold the trading business at the South Elmsall shop to the directors for £15,000.
This was an arms length transaction.Included within Repairs and Renewals is dilapidations in relation to this of
£10,350.

Page 6