Supplied To You Ltd - Accounts

SUPPLIED TO YOU LTD - Company Information

Registered number

08865745

Supplied To You Ltd

Report and Accounts

31 January 2016

Supplied To You Ltd
Report and accounts
Contents




Page

Company information	1
Director's report	2
Accountants' report	4
Profit and loss account	5
Balance sheet	6
Notes to the accounts	7

Supplied To You Ltd

Company Information

Director

Jon AC Kirkbright

Accountants

KEW Accountants & Tax Specialists Ltd

Suite 6, Business Development Centre

Stafford Park 4

Telford

Shropshire

TF3 3BA

Registered office

9 The Foxes

Sutton Hill

Telford

Shropshire

TF7 4NH

Registered number

08865745

Supplied To You Ltd
Registered number:		08865745
Director's Report

The director presents his report and accounts for the year ended 31 January 2016.

Principal activities
The company's principal activity during the year continued to be motor vehicle registration plate sales

Directors
The following persons served as directors during the year:

	Jon AC Kirkbright

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 14 April 2016 and signed on its behalf.





Jon Kirkbright
Director

Supplied To You Ltd

Report to the director on the preparation of the unaudited statutory accounts of Supplied To You Ltd for the year ended 31 January 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Supplied To You Ltd for the year ended 31 January 2016 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of Supplied To You Ltd, as a body, in accordance with the terms of our engagement letter dated 11 September 2015. Our work has been undertaken solely to prepare for your approval the accounts of Supplied To You Ltd and state those matters that we have agreed to state to the Board of Directors of Supplied To You Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Supplied To You Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Supplied To You Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Supplied To You Ltd. You consider that Supplied To You Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Supplied To You Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

KEW Accountants & Tax Specialists Ltd
Chartered Certified Accountants
Suite 6, Business Development Centre
Stafford Park 4
Telford
Shropshire
TF3 3BA

14 April 2016

Supplied To You Ltd
Profit and Loss Account
for the year ended 31 January 2016


Notes		2016		2015
£			£

Turnover		1,515,273		766,552

Cost of sales		(1,320,682)		(669,035)

Gross profit		194,591		97,517

Administrative expenses		(133,782)		(52,630)

Operating profit	2	60,809		44,887


Profit on ordinary activities before taxation		60,809		44,887

Tax on profit on ordinary activities	3	(12,188)		(8,977)

Profit for the financial year		48,621		35,910

Supplied To You Ltd
Balance Sheet
as at 31 January 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	4		17,559			15,005

Current assets
Stocks		41,090			1,428
Debtors	5	26,213			39,188
Cash at bank and in hand		47,273			40,096
		114,576			80,712

Creditors: amounts falling due within one year	6	(43,990)			(56,704)

Net current assets			70,586			24,008

Total assets less current liabilities			88,145			39,013


Provisions for liabilities	7		(3,512)			(3,001)


Net assets			84,633			36,012

Capital and reserves
Called up share capital	8		102			102
Profit and loss account	9		84,531			35,910

Shareholder's funds			84,633			36,012

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Jon Kirkbright
Director
Approved by the board on 14 April 2016

Supplied To You Ltd
Notes to the Accounts
for the year ended 31 January 2016

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% straight line
	Motor vehicles			25% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

	Pensions
	The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.


2	Operating profit					2016		2015
£							£
	This is stated after charging:

	Depreciation of owned fixed assets					9,729		1,902


3	Taxation					2016		2015
£							£

	UK corporation tax					11,677		5,976
	Deferred tax					511		3,001
						12,188		8,977


4	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 February 2015							16,907
	Additions							12,283
	At 31 January 2016							29,190

	Depreciation
	At 1 February 2015							1,902
	Charge for the year							9,729
	At 31 January 2016							11,631

	Net book value
	At 31 January 2016							17,559
	At 31 January 2015							15,005


5	Debtors					2016		2015
£							£

	Trade debtors					25,214		39,188
	Prepayments					999		-
						26,213		39,188


6	Creditors: amounts falling due within one year					2016		2015
£							£

	Corporation tax					11,677		5,976
	VAT Control					(23,092)		(5,373)
	PAYE Control					(4,879)		-
	Directors loan account					(241)		3,045
	Accruals					19,775		45,744
	Credit Card					7,367		7,312
						43,990		56,704


7	Provisions for liabilities
	Deferred taxation:					2016		2015
£							£

	Accelerated capital allowances					3,512		3,001



						2016		2015
£							£

	At 1 February					3,001		-
	Deferred tax charge in profit and loss account					511		3,001

	At 31 January					3,512		3,001


8	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		-		102		102


9	Profit and loss account					2016
£

	At 1 February 2015					35,910
	Profit for the year					48,621

	At 31 January 2016					84,531

Supplied To You Ltd
Detailed profit and loss account
for the year ended 31 January 2016


	2016		2015
£		£

Sales	1,515,273		766,552

Cost of sales	(1,320,682)		(669,035)

Gross profit	194,591		97,517

Administrative expenses	(133,782)		(52,630)

Operating profit	60,809		44,887


Profit before tax	60,809		44,887

Supplied To You Ltd
Detailed profit and loss account
for the year ended 31 January 2016

		2016		2015
£			£
Sales
Sales		1,515,273		766,552

Cost of sales
Purchases		1,312,129		666,297
Subcontractor costs		8,553		1,000
Discounts allowed		-		155
Commissions payable		-		3,011
Closing Stock		-		(1,428)
		1,320,682		669,035

Administrative expenses
Employee costs:
	Wages and salaries	4,417		-
	Director's salary	13,172		6,665
	Staff training and welfare	-		300
	Travel and subsistence	534		2,250
	Entertaining	130		-
		18,253		9,215
Premises costs:
	Rent	1,313		-
	Rates	227		-
	Use of home	216		-
		1,756		-
General administrative expenses:
	Telephone and fax	3,661		764
	Postage, Stationery & Printing	1,707		1,285
	Subscriptions	419		178
	Bank charges	8,645		3,636
	Fraudulent Transaction	22,000		-
	Equipment hire	-		672
	Computer Expenses	15,617		11,907
	Repairs and maintenance	5,860		-
	Depreciation	9,729		1,902
	Sundry expenses	-		-
		67,638		20,344
Legal and professional costs:
	Accountancy & Bookkeeping fees	9,250		1,000
	Advertising and PR	36,885		19,331
	Other legal and professional	-		2,740
		46,135		23,071

		133,782		52,630