Steve Pye & Co (KL) Limited,Ltd - AccountsLtd - Accounts

Steve Pye & Co (KL) Limited,Ltd - AccountsLtd - Accounts

STEVE PYE & CO (KL) LIMITED - Company Information

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2016-07-01 08541522 2017-06-30 08541522 2016-07-01 2017-06-30 08541522 2016-06-30 08541522 2015-07-01 2016-06-30 08541522 uk-core:WithinOneYear 2016-06-30 08541522 uk-core:WithinOneYear 2017-06-30 08541522 uk-core:ShareCapital 2017-06-30 08541522 uk-core:ShareCapital 2016-06-30 08541522 uk-core:RetainedEarningsAccumulatedLosses 2017-06-30 08541522 uk-core:RetainedEarningsAccumulatedLosses 2016-06-30 08541522 uk-bus:Director1 2016-07-01 2017-06-30 08541522 uk-bus:Director2 2016-07-01 2017-06-30 08541522 uk-core:NetGoodwill 2016-07-01 2017-06-30 08541522 uk-core:PlantMachinery 2016-07-01 2017-06-30 08541522 uk-core:FurnitureFittings 2016-07-01 2017-06-30 08541522 uk-core:Goodwill 2016-07-01 2017-06-30 08541522 uk-core:Goodwill 2017-06-30 iso4217:GBP 08541522 uk-bus:AuditExemptWithAccountantsReport 2016-07-01 2017-06-30 08541522 uk-bus:FRS102 2016-07-01 2017-06-30 08541522 uk-bus:FullAccounts 2016-07-01 2017-06-30 08541522 uk-bus:PrivateLimitedCompanyLtd 2016-07-01 2017-06-30
Steve Pye & Co (KL) Limited
Registered Number:08541522
For the year ended 30 June 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2017
Steve Pye & Co (KL) Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 30 June 2017
Steve Pye & Co (KL) Limited
Statement of Financial Position
Registered Number :
08541522
£
£
2016
2017
Notes
Fixed assets
Intangible assets
14,058
-
2
Property, plant and equipment
7,278
3,862
3
21,336
3,862
Current assets
Inventories
20,197
26,945
Trade and other receivables
94,395
101,175
4
76,581
Cash and cash equivalents
115,169
243,289
191,173
Trade and other payables: amounts falling due within one year
(66,666)
(89,762)
5
124,507
153,527
Net current assets
Total assets less current liabilities
174,863
128,369
(1,383)
(772)
Provisions for liabilities
173,480
Net assets
127,597
Capital and reserves
Called up share capital
103
103
Retained earnings
173,377
127,494
173,480
127,597
Shareholders' funds
For the year ended 30 June 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Stephen Ernest Pye Director
Mrs Melanie Ruth Stollery Director
These financial statements were approved and authorised for issue by the Board on 01 December 2017 and were signed by:
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4
For the year ended 30 June 2017
Steve Pye & Co (KL) Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 June 2017
Steve Pye & Co (KL) Limited
Notes to the Financial Statements
Statutory Information
Steve Pye & Co (KL) Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08541522.
Registered address:
49 Castle Rising Road
South Wootton
King's Lynn
Norfolk
PE30 3JA
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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6
For the year ended 30 June 2017
Steve Pye & Co (KL) Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
Additions
17,573
At 30 June 2017
17,573
Amortisation
3,515
Charge for year
At 30 June 2017
3,515
Net book value
At 30 June 2017
14,058
3. Property, plant and equipment
Plant and
machinery
£
Cost or valuation
At 01 July 2016
7,080
5,843
Additions
At 30 June 2017
12,923
Provision for depreciation and impairment
At 01 July 2016
3,218
Charge for year
2,427
At 30 June 2017
5,645
At 30 June 2017
Net book value
7,278
At 30 June 2016
3,862
4. Trade and other receivables
2016
2017
£
£
Trade debtors
96,908
90,051
Other debtors
4,267
4,344
94,395
101,175
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7
For the year ended 30 June 2017
Steve Pye & Co (KL) Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
1,818
2,836
Amounts owed to group undertaking and undertaking in which the company
has a participating interest
17,573
-
Taxation and social security
66,656
61,680
Other creditors
3,715
2,150
89,762
66,666
6. Related party transactions
Name: Mr Pye & Mrs Stollery
Relationship: Directors
Current year: (£146.00)
Previous year: ((£Nil))
Related Party Transactions
The credit movement is represented by capital introduced of £146.00.
The Company operates from a property owned personally by Mr & Mrs Pye. Rent of £4800 was paid during the period. All
transactions were conducted at a fair market value.
7. Average number of persons employed
During the year the average number of employees was 11 (2016 : 9)
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