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

REGISTERED NUMBER: 07576478

Unaudited Financial Statements for the Year Ended 31 December 2020

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:

Underwood Green

Pinnacle House

1 Pinnacle Way

Derby

Derbyshire

DE24 8ZS

CURRENT ASSETS

Debtors

4

309,558

241,797

Cash at bank

230,443

232,443

540,001

474,240

CREDITORS

Amounts falling due within one year

5

36,025

35,413

NET CURRENT ASSETS

503,976

438,827

TOTAL ASSETS LESS CURRENT LIABILITIES

503,976

438,827

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

503,975

438,826

SHAREHOLDERS' FUNDS

503,976

438,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 15 September 2021 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.

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 (2019 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Due from Thompson, Smith and Puxon Solicitors

264,927

219,902

Directors' current accounts

44,631

21,895

309,558

241,797

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

2020

2019

£

£

Tax

25,447

25,753

Accruals and deferred income

10,578

9,660

36,025

35,413

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

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 2020 and 31 December 2019:

2020

2019

£

£

Mr S Firmin

Balance outstanding at start of year

21,895

-

Amounts advanced

73,232

21,895

Amounts repaid

(50,496

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

44,631

21,895

Interest was charged on the overdrawn balance at HM Revenue & Customs official rate of interest being 2.5% per annum to 5 April 2020 and 2.25% per annum thereafter.

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