P & S M Johnson Limited Company Accounts
P & S M Johnson Limited Company Accounts
COMPANY REGISTRATION NUMBER:
04535766
|
|
for the year ended |
|
|
Financial Statements |
for the year ended 31st October 2017
Contents |
Pages |
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 to 3 |
Notes to the financial statements |
4 to 8 |
|
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
|
for the year ended 31st October 2017
Bank House
Broad Street
Spalding
PE11 1TB
Dated:
28 March 2018
|
Statement of Financial Position |
as at
31 October 2017
2017 |
2016 |
|||
Note |
£ |
£ |
£ |
£ |
Fixed assets
Intangible assets |
6 |
|
|
||
Tangible assets |
7 |
|
|
||
----------- |
----------- |
||||
|
|
||||
Current assets
Stocks |
|
|
|||
Debtors |
8 |
|
|
||
Cash at bank and in hand |
|
|
|||
----------- |
----------- |
||||
|
|
||||
Creditors: amounts falling due within one year |
9 |
|
|
||
----------- |
----------- |
||||
Net current assets |
|
|
|||
----------- |
----------- |
||||
Total assets less current liabilities |
|
|
|||
Provisions
Taxation including deferred tax |
|
|
||
----------- |
----------- |
|||
Net assets |
|
|
||
----------- |
----------- |
|||
Capital and reserves
Called up share capital |
10 |
|
|
||
Profit and loss account |
|
|
|||
----------- |
----------- |
||||
Shareholders funds |
|
|
|||
----------- |
----------- |
||||
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Statement of Financial Position (continued) |
as at
31 October 2017
These financial statements were approved by the
board of directors
and authorised for issue on
28 March 2018
, and are signed on behalf of the board by:
|
|
Director |
Director |
Company registration number:
04535766
|
Notes to the Financial Statements |
for the year ended 31st October 2017
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bank House, Broad Street, Spalding, PE11 1TB, Lincolnshire. The trading address is 44 Dog Drove North, Holbeach Drove, Lincolnshire, PE12 0SA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Transition to FRS 102
The entity transitioned from previous UK GAAP to FRS 102 as at 1st November 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 11.
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery |
- |
|
|
Motor Vehicle |
- |
|
|
Computer Equipment |
- |
|
|
Impairment of fixed assets
Stocks
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2016:
6
).
5.
Tax on profit
Major components of tax expense
2017 |
2016 |
|
£ |
£ |
|
Current tax:
UK current tax expense |
|
|
Deferred tax:
Origination and reversal of timing differences |
(
|
(
|
Impact of change in tax rate |
|
– |
----------- |
----------- |
|
Total deferred tax |
|
(
|
----------- |
----------- |
|
Tax on profit |
|
|
----------- |
----------- |
|
6.
Intangible assets
Goodwill |
|
£ |
|
Cost |
|
At 1st November 2016 and 31st October 2017 |
|
----------- |
|
Amortisation |
|
At 1st November 2016 and 31st October 2017 |
– |
----------- |
|
Carrying amount |
|
At 31st October 2017 |
|
----------- |
|
At 31st October 2016 |
|
----------- |
|
7.
Tangible assets
Plant and machinery |
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
|
Cost |
||||
At 1st November 2016 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
– |
(
|
– |
(
|
----------- |
----------- |
----------- |
----------- |
|
At 31st October 2017 |
|
|
|
|
----------- |
----------- |
----------- |
----------- |
|
Depreciation |
||||
At 1st November 2016 |
|
|
|
|
Charge for the year |
|
|
|
|
Disposals |
– |
(
|
– |
(
|
----------- |
----------- |
----------- |
----------- |
|
At 31st October 2017 |
|
|
|
|
----------- |
----------- |
----------- |
----------- |
|
Carrying amount |
||||
At 31st October 2017 |
|
|
|
|
----------- |
----------- |
----------- |
----------- |
|
At 31st October 2016 |
|
|
|
|
----------- |
----------- |
----------- |
----------- |
|
8.
Debtors
2017 |
2016 |
|
£ |
£ |
|
Trade debtors |
|
|
Prepayments and accrued income |
|
|
----------- |
----------- |
|
|
|
|
----------- |
----------- |
|
9.
Creditors:
amounts falling due within one year
2017 |
2016 |
|
£ |
£ |
|
Trade creditors |
|
|
Accruals and deferred income |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Director loan accounts |
|
|
----------- |
----------- |
|
|
|
|
----------- |
----------- |
|
10.
Called up share capital
Issued, called up and fully paid
2017 |
2016 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
----------- |
----------- |
----------- |
----------- |
|
11.
Transition to FRS 102
These are the first financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1st November 2015.
No transitional adjustments were required in equity or profit or loss for the year.