Stephen Round Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 04991926 (England and Wales)

Financial Statements for the Year Ended 31 December 2016

for

Stephen Round Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S Round

SECRETARY:

Mr G Round

REGISTERED OFFICE:

Westcraig

375 Holcombe Road

Greenmount

Bury

Lancashire

BL8 4HF

REGISTERED NUMBER:

04991926 (England and Wales)

ACCOUNTANTS:

Stephen Round Limited

Chartered Certified Accountants

366 Holcombe Road

Greenmount

Bury

Lancashire

BL8 4DT

FIXED ASSETS

Tangible assets

4

91,577

94,665

Investments

5

100,000

135,000

191,577

229,665

CURRENT ASSETS

Cash at bank

24,512

30,737

CREDITORS

Amounts falling due within one year

6

132,048

175,671

NET CURRENT LIABILITIES

(107,536

)

(144,934

)

TOTAL ASSETS LESS CURRENT LIABILITIES

84,041

84,731

CREDITORS

Amounts falling due after more than one year

7

23,636

37,911

NET ASSETS

60,405

46,820

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

60,205

46,620

SHAREHOLDERS' FUNDS

60,405

46,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 8 August 2017 and were signed by:

Mr S Round - Director

1.	STATUTORY INFORMATION

Stephen Round 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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2016

and 31 December 2016

116,879

10,053

126,932

DEPRECIATION

At 1 January 2016

25,718

6,549

32,267

Charge for year

2,338

750

3,088

At 31 December 2016

28,056

7,299

35,355

NET BOOK VALUE

At 31 December 2016

88,823

2,754

91,577

At 31 December 2015

91,161

3,504

94,665

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2016

135,000

Disposals

(35,000

)

At 31 December 2016

100,000

NET BOOK VALUE

At 31 December 2016

100,000

At 31 December 2015

135,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans and overdrafts

13,850

13,850

Taxation and social security

11,709

18,296

Other creditors

106,489

143,525

132,048

175,671

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Bank loans

23,636

37,911

8.

CONTROL

The company is under the control of the director who owns 100% of the issued voting share capital.