Smith & Henderson Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 07578366 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

SMITH & HENDERSON LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S P Frost

SECRETARY:

M Tuca

REGISTERED OFFICE:

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

REGISTERED NUMBER:

07578366 (England and Wales)

ACCOUNTANTS:

Dennis & Turnbull

Chartered Accountants

Swatton Barn

Badbury

Swindon

Wiltshire

SN4 0EU

FIXED ASSETS

Tangible assets

4

19,726

27,926

CURRENT ASSETS

Debtors

5

43,703

48,282

Cash at bank

33,462

9,861

77,165

58,143

CREDITORS

Amounts falling due within one year

6

49,759

55,300

NET CURRENT ASSETS

27,406

2,843

TOTAL ASSETS LESS CURRENT LIABILITIES

47,132

30,769

PROVISIONS FOR LIABILITIES

3,742

4,464

NET ASSETS

43,390

26,305

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

7

42,390

25,305

SHAREHOLDERS' FUNDS

43,390

26,305

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

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

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 24 May 2017 and were signed by:

S P Frost - Director

1.	STATUTORY INFORMATION

Smith & Henderson 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

25% straight line basis

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 7 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

55,229

Additions

10,962

Disposals

(7,478

)

At 31 March 2017

58,713

DEPRECIATION

At 1 April 2016

27,303

Charge for year

14,307

Eliminated on disposal

(2,623

)

At 31 March 2017

38,987

NET BOOK VALUE

At 31 March 2017

19,726

At 31 March 2016

27,926

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

40,322

46,222

Other debtors

3,381

2,060

43,703

48,282

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

28,916

27,742

Other creditors

20,843

27,558

49,759

55,300

7.

RESERVES

Retained

earnings

£

At 1 April 2016

25,305

Profit for the year

48,885

Dividends

(31,800

)

At 31 March 2017

42,390

8.	RELATED PARTY DISCLOSURES

During the year the company entered into transactions with the following related party.

Name of related

Nature of

Transaction

Expense

party

relationship

details

£

S P Frost

Director / shareholder

Dividends paid

31,800