Service F1rst Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05478551 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017

FOR

SERVICE F1RST LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

C G Grunbaum

REGISTERED OFFICE:

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

REGISTERED NUMBER:

05478551 (England and Wales)

ACCOUNTANTS:

Ballams

Chartered Accountants

Crane Court

302 London Road

Ipswich

Suffolk

IP2 0AJ

BANKERS:

HSBC Bank Plc

Market Hill

St Ives

Huntingdon

Cambridgeshire

PE27 5AP

CURRENT ASSETS

Debtors

5

6,814

5,723

Cash at bank

7,355

6,998

14,169

12,721

CREDITORS

Amounts falling due within one year

6

13,783

11,782

NET CURRENT ASSETS

386

939

TOTAL ASSETS LESS CURRENT LIABILITIES

386

939

CREDITORS

Amounts falling due after more than one year

7

170

-

NET ASSETS

216

939

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

116

839

SHAREHOLDERS' FUNDS

216

939

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

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 22 January 2018 and were signed by:

C G Grunbaum - Director

1.	STATUTORY INFORMATION

Service F1rst 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities like trade and other accounts receivable and payable and loans with related parties.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are

measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt

instruments that are repayable or receivable after one year are initially measured at the present value of the

future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for

evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the

Income Statement.

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 July 2016

and 30 June 2017

5,090

DEPRECIATION

At 1 July 2016

and 30 June 2017

5,090

NET BOOK VALUE

At 30 June 2017

-

At 30 June 2016

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

5,405

1,922

Other debtors

1,409

3,801

6,814

5,723

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts (see note 8)

204

-

Trade creditors

7,101

6,668

Taxation and social security

5,186

3,860

Other creditors

1,292

1,254

13,783

11,782

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans (see note 8)

170

-

8.

LOANS

An analysis of the maturity of loans is given below:

2017

2016

£

£

Amounts falling due within one year or on demand:

Bank loans

204

-

Amounts falling due between one and two years:

Bank loans - 1-2 years

170

-

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £8,700 were paid to the director .