Earlam and Partners (EAP) Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 07273489 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

EARLAM AND PARTNERS (EAP) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

D J Earlam

SECRETARY:

Mrs N J Earlam

REGISTERED OFFICE:

53 Birkenhead Road

Hoylake

Wirral

Merseyside

CH47 5AF

REGISTERED NUMBER:

07273489 (England and Wales)

ACCOUNTANTS:

Musker & Garrett Limited

Chartered Accountants

Edward House

North Mersey Business Centre

Knowsley Industrial Park

Liverpool

Merseyside

L33 7UY

FIXED ASSETS

Intangible assets

4

9,000

12,000

Tangible assets

5

54,924

13,396

63,924

25,396

CURRENT ASSETS

Debtors

6

92,823

126,809

Cash at bank

69,527

20,687

162,350

147,496

CREDITORS

Amounts falling due within one year

7

133,099

85,800

NET CURRENT ASSETS

29,251

61,696

TOTAL ASSETS LESS CURRENT LIABILITIES

93,175

87,092

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

93,155

87,072

SHAREHOLDERS' FUNDS

93,175

87,092

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 2 October 2017 and were signed by:

D J Earlam - Director

1.	STATUTORY INFORMATION

Earlam and Partners (EAP) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten 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.

-

20% on reducing balance

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 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.

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 4 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2016

and 30 June 2017

30,000

AMORTISATION

At 1 July 2016

18,000

Charge for year

3,000

At 30 June 2017

21,000

NET BOOK VALUE

At 30 June 2017

9,000

At 30 June 2016

12,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc.

£

COST

At 1 July 2016

21,065

Additions

51,614

Disposals

(5,604

)

At 30 June 2017

67,075

DEPRECIATION

At 1 July 2016

7,669

Charge for year

8,366

Eliminated on disposal

(3,884

)

At 30 June 2017

12,151

NET BOOK VALUE

At 30 June 2017

54,924

At 30 June 2016

13,396

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

29,262

37,948

Other debtors

63,561

88,861

92,823

126,809

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

31,034

43,923

Taxation and social security

26,743

39,325

Other creditors

75,322

2,552

133,099

85,800

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £35,000 (2016 - £36,925) were paid to the director .

The company has no controlling party.

Included in other debtors in note 7, is a loan due to the company of £56,488 (2016 - £88,058). The loan is

repayable on demand. The loan has been repaid within 9 months of the year end.

The following reproduces the text of the report prepared for the director and members in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Earlam and Partners (EAP) Limited for the year ended 30 June 2017 which comprise the Income

Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Earlam and Partners (EAP) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Earlam and Partners (EAP) Limited and state those matters that we have agreed to state to the director of Earlam and Partners (EAP) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Earlam and Partners (EAP) Limited director for our work or for this report.

It is your duty to ensure that Earlam and Partners (EAP) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Earlam and Partners (EAP) Limited. You consider that Earlam and Partners (EAP) Limited 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 financial statements of Earlam and Partners (EAP) Limited. 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 financial statements.

Musker & Garrett Limited

Chartered Accountants

Edward House

North Mersey Business Centre

Knowsley Industrial Park

Liverpool

Merseyside

L33 7UY

2 October 2017