John Pratt Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08255979 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

John Pratt Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Certified Accountants' Report

5

DIRECTOR:

J Pratt

REGISTERED OFFICE:

Franchise House

3a Tournament Court

Tournament Fields

Warwick

Warwickshire

CV34 6LG

REGISTERED NUMBER:

08255979 (England and Wales)

ACCOUNTANTS:

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

FIXED ASSETS

Intangible assets

3

370,417

433,917

CURRENT ASSETS

Debtors

4

878,977

527,276

Cash at bank

18,936

814

897,913

528,090

CREDITORS

Amounts falling due within one year

5

175,703

69,735

NET CURRENT ASSETS

722,210

458,355

TOTAL ASSETS LESS CURRENT LIABILITIES

1,092,627

892,272

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,092,527

892,172

SHAREHOLDERS' FUNDS

1,092,627

892,272

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 his 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 10 January 2018 and were signed by:

J Pratt - Director

1.	STATUTORY INFORMATION

John Pratt 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

Turnover represents the company's profit share from a partnership.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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.

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.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2016

and 30 April 2017

635,000

AMORTISATION

At 1 May 2016

201,083

Charge for year

63,500

At 30 April 2017

264,583

NET BOOK VALUE

At 30 April 2017

370,417

At 30 April 2016

433,917

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Amounts owed by group undertakings

25,268

85,908

Other debtors

853,709

441,368

878,977

527,276

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.17

30.4.16

£

£

Taxation and social security

175,325

69,441

Other creditors

378

294

175,703

69,735

6.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2017 and

30 April 2016:

30.4.17

30.4.16

£

£

J Pratt

Balance outstanding at start of year

399,369

-

Amounts advanced

1,063,800

399,369

Amounts repaid

(745,627

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

717,542

399,369

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of John Pratt Limited for the year ended 30 April 2017 which comprise the Income Statement,

Balance Sheet and the related notes from the company's accounting records and from information and explanations you

have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of John Pratt Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of John Pratt Limited and state those matters that we have agreed to state to the director of John Pratt Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that John Pratt Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of John Pratt Limited. You consider that John Pratt Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of John Pratt 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 statutory financial statements.

Charnwood Accountants & Business Advisors LLP

The Point

Granite Way

Mountsorrel

Loughborough

Leicestershire

LE12 7TZ

10 January 2018