Stonesmith Agents And Valuers Limited - Accounts to registrar - small 17.1

Stonesmith Agents And Valuers Limited - Accounts to registrar - small 17.1


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REGISTERED NUMBER: 06487113 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2017

FOR

STONESMITH AGENTS AND VALUERS LIMITED

STONESMITH AGENTS AND VALUERS LIMITED (REGISTERED NUMBER: 06487113)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STONESMITH AGENTS AND VALUERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 JANUARY 2017







DIRECTOR: M J Phillips





REGISTERED OFFICE: Mortimore & Co
1 Fore Street
Cullompton
Devon
EX15 1JW





REGISTERED NUMBER: 06487113 (England and Wales)





ACCOUNTANTS: Mortimore & Co
1 Fore Street
Cullompton
Devon
EX15 1JW

STONESMITH AGENTS AND VALUERS LIMITED (REGISTERED NUMBER: 06487113)

BALANCE SHEET
31 JANUARY 2017

31.1.17 31.1.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 24,750 27,000
Tangible assets 5 134 1,646
24,884 28,646

CURRENT ASSETS
Debtors 6 22,801 11,200
Cash at bank and in hand 34,076 32,083
56,877 43,283
CREDITORS
Amounts falling due within one year 7 32,567 31,411
NET CURRENT ASSETS 24,310 11,872
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,194

40,518

PROVISIONS FOR LIABILITIES 27 329
NET ASSETS 49,167 40,189

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 49,047 40,069
SHAREHOLDERS' FUNDS 49,167 40,189

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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.

STONESMITH AGENTS AND VALUERS LIMITED (REGISTERED NUMBER: 06487113)

BALANCE SHEET - continued
31 JANUARY 2017


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 director on 15 May 2017 and were signed by:





M J Phillips - Director


STONESMITH AGENTS AND VALUERS LIMITED (REGISTERED NUMBER: 06487113)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 JANUARY 2017

1. STATUTORY INFORMATION

Stonesmith Agents And Valuers 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 33% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

STONESMITH AGENTS AND VALUERS LIMITED (REGISTERED NUMBER: 06487113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2017

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2016
and 31 January 2017 45,000
AMORTISATION
At 1 February 2016 18,000
Charge for year 2,250
At 31 January 2017 20,250
NET BOOK VALUE
At 31 January 2017 24,750
At 31 January 2016 27,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2016 11,885
Additions 268
At 31 January 2017 12,153
DEPRECIATION
At 1 February 2016 10,239
Charge for year 1,780
At 31 January 2017 12,019
NET BOOK VALUE
At 31 January 2017 134
At 31 January 2016 1,646

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade debtors 20,258 8,722
Other debtors 2,543 2,478
22,801 11,200

STONESMITH AGENTS AND VALUERS LIMITED (REGISTERED NUMBER: 06487113)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 JANUARY 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.17 31.1.16
£    £   
Trade creditors 2,754 3,087
Taxation and social security 20,019 15,225
Other creditors 9,794 13,099
32,567 31,411

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £34,500 (2016 - £36,000) were paid to the directors .

Included within other creditors is an amount of £6,773 (2016: £6,773) due to M J Phillips, a director of the
company. There are no terms for repayment of this balance and no interest is being charged.

9. ULTIMATE CONTROLLING PARTY

The controlling party is M J Phillips.