A & P Sedman Limited - Accounts to registrar - small 17.2
A & P Sedman Limited - Accounts to registrar - small 17.2
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
FOR |
A & P SEDMAN LIMITED |
A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
A & P SEDMAN LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
BUSINESS ADDRESS: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
13 Yorkersgate |
Malton |
North Yorkshire |
YO17 7AA |
A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556) |
STATEMENT OF FINANCIAL POSITION |
31 AUGUST 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 5 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556) |
STATEMENT OF FINANCIAL POSITION - continued |
31 AUGUST 2017 |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on by: |
A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2017 |
1. | STATUTORY INFORMATION |
A & P Sedman Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The principal accounting policies adopted in the preparation of the financial statements are set out below and |
have remained unchanged from the previous year and also have been consistently applied within the same |
accounts. |
These financial statements for the year ended 31 August 2017 are the first financial statements that comply |
with FRS 102 Section 1A small entities.The date of transition is 1 September 2015. |
The transition to FRS 102 Section 1A for small entities has resulted in no changes in the accounting policies. |
The financial statements have been prepared under the historical cost convention. |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
Goodwill |
Company's personalised vehicle number plate |
The company's personalised vehicle number plate has been capitalised and is being amortised evenly over its |
estimated useful life of twenty years. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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. |
A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2017 |
3. | ACCOUNTING POLICIES - continued |
Revenue recognition |
Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration |
in exchange for the supply of goods and services that it provides. It is measured at the fair value of the right to |
consideration, which represents amounts chargeable to customers. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
Goodwill | assets | Totals |
£ | £ | £ |
COST |
At 1 September 2016 |
and 31 August 2017 |
AMORTISATION |
At 1 September 2016 |
Charge for year |
At 31 August 2017 |
NET BOOK VALUE |
At 31 August 2017 |
At 31 August 2016 |
6. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 September 2016 |
Additions |
Disposals | ( |
) |
At 31 August 2017 |
DEPRECIATION |
At 1 September 2016 |
Charge for year |
Eliminated on disposal | ( |
) |
At 31 August 2017 |
NET BOOK VALUE |
At 31 August 2017 |
At 31 August 2016 |
A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2017 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Other creditors |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Bank overdrafts |
Bank loans |
The company's bankers have fixed and floating charges over the undertaking and all assets present and future. |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to directors subsisted during the years ended 31 August 2017 and |
31 August 2016: |
2017 | 2016 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
A & P SEDMAN LIMITED (REGISTERED NUMBER: 04893556) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2017 |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
The above loan is unsecured and the directors have agreed that £45,000 (2016: £25,000) of the loan will not be |
requested for repayment within the next twelve months. |
The above loan incurs interest at 4% per annum on a daily basis whilst it is overdrawn. The loan is interest free |
whilst in credit. |
During this year and the previous year the loan was never overdrawn. |
12. | RELATED PARTY DISCLOSURES |
During the year, total dividends of £60,000 (2016 - £60,000) were paid to the directors . |