Steve Pye & Co (Burnham Market) Ltd,Ltd - AccountsLtd - Accounts

Steve Pye & Co (Burnham Market) Ltd,Ltd - AccountsLtd - Accounts

STEVE PYE & CO (BURNHAM MARKET ) LIMITED - Company Information

Print Friendly Version

2016-10-01 08215073 2017-09-30 08215073 2016-10-01 2017-09-30 08215073 2016-09-30 08215073 2015-10-01 2016-09-30 08215073 uk-core:WithinOneYear 2016-09-30 08215073 uk-core:WithinOneYear 2017-09-30 08215073 uk-core:ShareCapital 2017-09-30 08215073 uk-core:ShareCapital 2016-09-30 08215073 uk-core:RetainedEarningsAccumulatedLosses 2017-09-30 08215073 uk-core:RetainedEarningsAccumulatedLosses 2016-09-30 08215073 uk-bus:Director1 2016-10-01 2017-09-30 08215073 uk-bus:Director2 2016-10-01 2017-09-30 08215073 uk-core:NetGoodwill 2016-10-01 2017-09-30 08215073 uk-core:OfficeEquipment 2016-10-01 2017-09-30 08215073 uk-core:FurnitureFittings 2016-10-01 2017-09-30 08215073 uk-core:Goodwill 2016-09-30 08215073 uk-core:Goodwill 2017-09-30 08215073 uk-core:Goodwill 2016-10-01 2017-09-30 08215073 uk-core:FurnitureFittings 2016-09-30 08215073 uk-core:OfficeEquipment 2016-09-30 08215073 uk-core:OfficeEquipment 2017-09-30 08215073 uk-core:FurnitureFittings 2017-09-30 iso4217:GBP 08215073 uk-bus:AuditExempt-NoAccountantsReport 2016-10-01 2017-09-30 08215073 uk-bus:FRS102 2016-10-01 2017-09-30 08215073 uk-bus:FullAccounts 2016-10-01 2017-09-30 08215073 uk-bus:PrivateLimitedCompanyLtd 2016-10-01 2017-09-30
Steve Pye & Co (Burnham Market) Ltd
Registered Number:08215073
For the year ended 30 September 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2017
Steve Pye & Co (Burnham Market) Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
As at 30 September 2017
Steve Pye & Co (Burnham Market) Ltd
Statement of Financial Position
Registered Number :
08215073
£
£
2016
2017
Notes
Fixed assets
Intangible assets
-
20,979
2
Property, plant and equipment
4,539
5,162
3
4,539
26,141
Current assets
Inventories
26,408
23,367
4
Trade and other receivables
41,859
33,904
5
6,016
Cash and cash equivalents
17,694
74,965
74,283
Trade and other payables: amounts falling due within one year
(75,094)
(53,317)
6
(811)
21,648
Net current assets
Total assets less current liabilities
26,187
25,330
(862)
(980)
Provisions for liabilities
25,325
Net assets
24,350
Capital and reserves
Called up share capital
100
100
Retained earnings
25,225
24,250
25,325
24,350
Shareholders' funds
For the year ended 30 September 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 September 2017 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their 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 Pye Director
Mrs Melanie Stollery Director
These financial statements were approved and authorised for issue by the Board on 31 December 2017 and were signed by:
1 of 5
4
For the year ended 30 September 2017
Steve Pye & Co (Burnham Market) Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 5
5
For the year ended 30 September 2017
Steve Pye & Co (Burnham Market) Ltd
Notes to the Financial Statements
Statutory Information
Steve Pye & Co (Burnham Market) Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08215073.
Principal place of business:
4 Ulph Place
Burnham Market
King's Lynn
PE31 8HQ
Registered address:
49 Castle Rising Road
South Wootton
King's Lynn
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:
Office equipment
15% Reducing balance
15% 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.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
3 of 5
6
For the year ended 30 September 2017
Steve Pye & Co (Burnham Market) Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 October 2016
104,891
At 30 September 2017
104,891
Amortisation
At 01 October 2016
83,912
20,979
Charge for year
At 30 September 2017
104,891
Net book value
At 30 September 2017
-
At 30 September 2016
20,979
3. Property, plant and equipment
Total
Fixtures and
fittings
Office
equipment
£
£
£
Cost or valuation
At 01 October 2016
8,284
5,000
3,284
179
-
179
Additions
At 30 September 2017
3,463
5,000
8,463
Provision for depreciation and impairment
At 01 October 2016
3,122
2,391
731
Charge for year
802
392
410
At 30 September 2017
3,924
2,783
1,141
At 30 September 2017
Net book value
2,322
2,217
4,539
At 30 September 2016
2,553
2,609
5,162
4. Inventories
2016
2017
£
£
Stocks
23,367
26,408
4 of 5
7
For the year ended 30 September 2017
Steve Pye & Co (Burnham Market) Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2016
2017
£
£
Trade debtors
30,717
37,540
Other debtors
3,187
4,319
41,859
33,904
6. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
66
130
Amounts owed to group undertaking and undertaking in which the company
has a participating interest
35,822
52,122
Taxation and social security
17,074
19,873
Other creditors
355
2,969
53,317
75,094
7. Related party transactions
Name: Steve Pye & Co (Spalding) Ltd
Relationship: Associated companies
Current year: £(35,822)
Previous year: £(52,122)
Related Party Transactions
Loan outstanding at 30.09.2016 £52122
Amount repaid during the year £17678
4% Interest charged at year end £ 1378
Balance outstanding 30.09.2017 £35822
5 of 5