Stephen Noble Lane Fox (Sandbanks) Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06982280 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Stephen Noble Lane Fox (Sandbanks) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N T Still

Mrs N J Still

SECRETARY:

Mrs N J Still

REGISTERED OFFICE:

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

REGISTERED NUMBER:

06982280 (England and Wales)

ACCOUNTANT:

Richard Allen & Associates

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

FIXED ASSETS

Tangible assets

3

-

4,799

CURRENT ASSETS

Debtors

4

-

92,963

Cash at bank

6

11,424

6

104,387

CREDITORS

Amounts falling due within one year

5

53,218

157,301

NET CURRENT LIABILITIES

(53,212

)

(52,914

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(53,212

)

(48,115

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(53,312

)

(48,215

)

SHAREHOLDERS' FUNDS

(53,212

)

(48,115

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 30 November 2017 and were signed on its behalf by:

N T Still - Director

1.	STATUTORY INFORMATION

Stephen Noble Lane Fox (Sandbanks) Ltd 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.

Plant and machinery etc

-

33% on cost and 15% 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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2016

20,844

Disposals

(11,759

)

At 28 February 2017

9,085

DEPRECIATION

At 1 March 2016

16,045

Eliminated on disposal

(6,960

)

At 28 February 2017

9,085

NET BOOK VALUE

At 28 February 2017

-

At 29 February 2016

4,799

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

86,478

Other debtors

-

6,485

-

92,963

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

104,483

Taxation and social security

11,412

17,623

Other creditors

41,806

35,195

53,218

157,301

6.	RELATED PARTY DISCLOSURES

Mr and Mrs Still have a controlling interest in Stephen Noble Lane Fox Limited. At the year end Stephen Noble Lane Fox

Ltd was owed £41,806 (2016: £28,419) on its inter-company loan account. This is shown in creditors