R Samson & Sons Ltd - Accounts to registrar (filleted) - small 18.2
R Samson & Sons Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018 |
| FOR |
| R SAMSON & SONS LTD |
| R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| Page |
| Balance sheet | 1 |
| Notes to the financial statements | 3 |
| R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651) |
| BALANCE SHEET |
| 31 DECEMBER 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Current assets |
| Debtors | 6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| Provisions for liabilities | 10 | ( |
) | ( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital | 11 |
| Retained earnings |
| Shareholders' funds |
| The director acknowledges his 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. |
| R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2018 |
| In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
| The financial statements were approved by the director on |
| R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| 1. | Statutory information |
| R Samson and Sons Ltd is a private company, limited by shares, registered in England and Wales. The company's registered |
| number is 04619651. The Registered Office address is, 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business |
| address, is 68 Cobham Road, Ferndown Industrial Estate, Wimborne, Dorset, BH21 7QJ. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the net amounts invoiced for removal services during the year, excluding value added tax. |
| Goodwill |
| The goodwill, being the amount paid in connection with the acquisition of the business in 2003, has been fully amortised. |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or |
| past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that |
| have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of |
| current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing |
| differences are differences between taxable profits and total comprehensive income as stated in the financial statements |
| that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are |
| recognised in the financial statements. 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. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance |
| sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable |
| tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the |
| asset. |
| 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. |
| Financial instruments |
| Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the |
| contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract |
| that evidences a residual interest in the assets of the company, after deducting all liabilities. |
| At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any |
| losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
| R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| 3. | Employees and directors |
| The average number of employees during the year was |
| 4. | Intangible fixed assets |
| Goodwill |
| £ |
| Cost |
| At 1 January 2018 |
| and 31 December 2018 |
| Amortisation |
| At 1 January 2018 |
| and 31 December 2018 |
| Net book value |
| At 31 December 2018 |
| At 31 December 2017 |
| 5. | Tangible fixed assets |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 January 2018 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 December 2018 |
| Depreciation |
| At 1 January 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) | ( |
) |
| At 31 December 2018 |
| Net book value |
| At 31 December 2018 |
| At 31 December 2017 |
| Included in motor vehicles are assets held under hire purchase agreements. The cost of these assets is £32,600, |
| depreciation of £4,584 has been charged in the year and the net book value carried forward is £13,753. |
| 6. | Debtors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Trade debtors |
| Prepayments |
| R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| 7. | Creditors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| VAT | 14,085 | 14,367 |
| Other creditors |
| Directors' current accounts | 299 | 21 |
| Accruals and deferred income |
| 8. | Creditors: amounts falling due after more than one year |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| 9. | Secured debts |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Hire purchase contracts | 1,749 | 8,488 |
| Assets under hire purchase agreements are secured on the asset. |
| 10. | Provisions for liabilities |
| 2018 | 2017 |
| £ | £ |
| Deferred tax | 9,207 | 13,753 |
| Deferred |
| tax |
| £ |
| Balance at 1 January 2018 |
| Credit to Statement of comprehensive income during year | ( |
) |
| Balance at 31 December 2018 |
| 11. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| R SAMSON & SONS LTD (REGISTERED NUMBER: 04619651) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| 12. | Ultimate controlling party |
| The company is controlled by the director Mr I Samson who owns 51% of the issued share capital. |