Steve Baxter Bath Re-Enamelling Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04509286 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

FOR

STEVE BAXTER BATH RE-ENAMELLING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

S P Baxter

Mrs L J Baxter

SECRETARY:

Mrs L J Baxter

REGISTERED OFFICE:

Lonsdale House

High Street

Lutterworth

Leicestershire

LE17 4AD

REGISTERED NUMBER:

04509286 (England and Wales)

ACCOUNTANTS:

Crowfoot & Co Accountants Ltd

Lonsdale House

High Street

Lutterworth

Leicestershire

LE17 4AD

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

70

90

70

90

CURRENT ASSETS

Debtors

6

1,787

-

Cash at bank

1,886

1,829

3,673

1,829

CREDITORS

Amounts falling due within one year

7

5,840

5,315

NET CURRENT LIABILITIES

(2,167

)

(3,486

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,097

)

(3,396

)

PROVISIONS FOR LIABILITIES

14

6

NET LIABILITIES

(2,111

)

(3,402

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(2,113

)

(3,404

)

SHAREHOLDERS' FUNDS

(2,111

)

(3,402

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 17 January 2018 and were signed on its behalf by:

S P Baxter - Director

Mrs L J Baxter - Director

1.	STATUTORY INFORMATION

Steve Baxter Bath Re-Enamelling 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.

Goodwill

Franchise fees, being the amount paid in connection with the acquisition of a business in 2008, 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Storage building

-

15% on reducing balance

Fixtures, fittings & equipment

-

15% on reducing balance

Motor vehicles

-

25% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Franchise

fees

£

COST

At 1 September 2016

and 31 August 2017

8,225

AMORTISATION

At 1 September 2016

and 31 August 2017

8,225

NET BOOK VALUE

At 31 August 2017

-

At 31 August 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures,

Storage

fittings

Motor

building

& equipment

vehicles

Totals

£

£

£

£

COST

At 1 September 2016

and 31 August 2017

149

733

2,051

2,933

DEPRECIATION

At 1 September 2016

149

683

2,011

2,843

Charge for year

-

10

10

20

At 31 August 2017

149

693

2,021

2,863

NET BOOK VALUE

At 31 August 2017

-

40

30

70

At 31 August 2016

-

50

40

90

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

1,430

-

Other debtors

357

-

1,787

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

3,100

3,100

Taxation and social security

2,740

2,031

Other creditors

-

184

5,840

5,315

8.	RELATED PARTY DISCLOSURES

Sp and L J Baxter

At 31 August 2017, an amount of £357 (2016 £184) was due from/to the directors, which amount

is included within debtors/creditors on the balance sheet.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S P and L J Baxter.

The following reproduces the text of the report prepared for the directors 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 Directors 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 Steve Baxter Bath Re-Enamelling Limited for the year ended

31 August 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 Board of Directors of Steve Baxter Bath Re-Enamelling Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Steve Baxter Bath Re-Enamelling Limited and state those matters that we have agreed to state to the Board of Directors of Steve Baxter Bath Re-Enamelling Limited, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Steve Baxter Bath Re-Enamelling 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 Steve Baxter Bath Re-Enamelling Limited. You consider that Steve Baxter Bath Re-Enamelling 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 Steve Baxter Bath Re-Enamelling 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.

Crowfoot & Co Accountants Ltd

Lonsdale House

High Street

Lutterworth

Leicestershire

LE17 4AD

17 January 2018