Stephen Firmin Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07576478

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Stephen Firmin Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr S Firmin

SECRETARY:

Thompson Smith & Puxon (Secretarial Services) Limited

REGISTERED OFFICE:

C/O Thomson Smith & Puxon

Stable 6

Stable Road

Colchester

Essex

CO2 7GL

REGISTERED NUMBER:

07576478

ACCOUNTANTS:

Franklin Underwood

1 Pinnacle Way

Pride Park

Derby

Derbyshire

DE24 8ZS

CURRENT ASSETS

Debtors

4

241,797

242,989

Cash at bank

232,443

178,943

474,240

421,932

CREDITORS

Amounts falling due within one year

5

35,413

52,699

NET CURRENT ASSETS

438,827

369,233

TOTAL ASSETS LESS CURRENT LIABILITIES

438,827

369,233

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

438,826

369,232

SHAREHOLDERS' FUNDS

438,827

369,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 July 2020 and were signed by:

Mr S Firmin - Director

1.	STATUTORY INFORMATION

Stephen Firmin Limited is a private company, limited by shares , registered in Not specified/Other. 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 represents the company's share of the profits of the partnership Thompson, Smith & Puxon Solicitors.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and

Retained Earnings, 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.

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 1 (2018 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Due from Thompson, Smith and Puxon Solicitors

219,902

242,989

Directors' current accounts

21,895

-

241,797

242,989

None of the above amounts related to amounts due from the director or shareholder of the company either

directly or indirectly.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Tax

25,753

39,490

Directors' current accounts

-

3,779

Accruals and deferred income

9,660

9,430

35,413

52,699

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

1

Ordinary

£1

1

1

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2019 and

31 December 2018:

2019

2018

£

£

Mr S Firmin

Balance outstanding at start of year

-

-

Amounts advanced

21,895

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

21,895

-

Interest was charged on the overdrawn balance at a rate of 2.5% per annum

The overdrawn directors' loan account was repaid within nine months of the year end.