Frances Storr Associates Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09012107 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

FRANCES STORR ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Frances Storr

REGISTERED OFFICE:

The Heights

Heights Lane

Silsden Moor

Keighley

West Yorkshire

BD20 9HW

REGISTERED NUMBER:

09012107 (England and Wales)

ACCOUNTANTS:

Wintersgill Associates

Chartered Accountants & Business Advisers

27A Brook Street

Ilkley

West Yorkshire

LS29 8AA

FIXED ASSETS

Intangible assets

4

98,000

112,000

Property, plant and equipment

5

1,575

1,106

99,575

113,106

CURRENT ASSETS

Debtors

6

34,845

32,585

Cash at bank

70,481

61,778

105,326

94,363

CREDITORS

Amounts falling due within one year

7

65,146

107,575

NET CURRENT ASSETS/(LIABILITIES)

40,180

(13,212

)

TOTAL ASSETS LESS CURRENT LIABILITIES

139,755

99,894

PROVISIONS FOR LIABILITIES

282

194

NET ASSETS

139,473

99,700

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

139,472

99,699

SHAREHOLDERS' FUNDS

139,473

99,700

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 20 November 2017 and were signed by:

Frances Storr - Director

1.	STATUTORY INFORMATION

Frances Storr Associates 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

Revenue 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 2014, 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

-

33% 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 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 1 (2016 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

140,000

AMORTISATION

At 1 May 2016

28,000

Charge for year

14,000

At 30 April 2017

42,000

NET BOOK VALUE

At 30 April 2017

98,000

At 30 April 2016

112,000

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 May 2016

1,781

Additions

1,043

Disposals

(450

)

At 30 April 2017

2,374

DEPRECIATION

At 1 May 2016

675

Charge for year

422

Eliminated on disposal

(298

)

At 30 April 2017

799

NET BOOK VALUE

At 30 April 2017

1,575

At 30 April 2016

1,106

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade debtors

25,582

32,183

Other debtors

9,263

402

34,845

32,585

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Trade creditors

2,340

3,168

Taxation and social security

27,990

32,055

Other creditors

34,816

72,352

65,146

107,575

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £34,500 (2016 - £30,900) were paid to the director .

At the year end the company owed the directors £35,819 (2016 £70,672).