Clare Stokes Limited
Clare Stokes Limited
Financial Statements
For The Year Ended 31 March 2017
Clare Stokes Limited
Unaudited Financial Statements
For The Year Ended 31 March 2017
Unaudited Financial Statements
| Contents | |
| Page | |
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| Accountants' Report | 1 |
| Statement of Financial Position | 2—3 |
| Notes to the Financial Statements | 4—5 |
Clare Stokes Limited
Accountants' Report
For The Year Ended 31 March 2017
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Clare Stokes Limited For The Year Ended 31 March 2017
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Clare Stokes Limited for the year ended 31 March 2017 which comprise the Income Statement, the Statement of Financial Position and the related notes from the accounting records and from information and explanations you have given to 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 at icaew.com/membershandbook.
This report is made solely to the director of Clare Stokes Limited , as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Clare Stokes Limited and state those matters that we have agreed to state to the director of Clare Stokes Limited , as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clare Stokes Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Clare Stokes Limited 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 or loss of Clare Stokes Limited . You consider that Clare Stokes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Clare Stokes 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 financial statements.
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Chartered Accountants
12 Payton Street
Stratford upon Avon
Warwickshire
CV37 6UA
Page 1
Clare Stokes Limited
Statement of Financial Position
For The Year Ended 31 March 2017
Statement of Financial Position
Registered number:
05008648
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 5 |
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| CURRENT ASSETS | |||||
| Stocks |
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| Debtors |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 6 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | 19,839 | 19,012 | |||
Page 2
Clare Stokes Limited
Statement of Financial Position (continued)
For The Year Ended 31 March 2017
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The Company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the Income Statement
On behalf of the board
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The notes on pages 4 to 5 form part of these financial statements.
Page 3
Clare Stokes Limited
Notes to the Unaudited Accounts
For The Year Ended 31 March 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Improvements |
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| Motor vehicles |
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| Fixtures & fittings |
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1.4.
Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
1.5.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the income statement, directors report, and notes to the financial statements relating to the income statement. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Average number of employees
Average number of employees, including directors, during the year was as follows:
| 2017 | 2016 | ||
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| Office and administration |
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Page 4
Clare Stokes Limited
Notes to the Unaudited Accounts (continued)
For The Year Ended 31 March 2017
5.
Tangible assets
| Land & Property | ||||
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| Improvements | Motor vehicles | Fixtures & fittings | Total | |
| £ | £ | £ | £ | |
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| Depreciation | ||||
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| Provided during the period |
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| Net Book Value | ||||
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7.
General Information
Clare Stokes Limited Registered number 05008648 is a limited by shares company incorporated in England & Wales. The Registered Office is 12 Payton Street, Stratford upon Avon, Warwickshire, CV37 6UA.
Page 5