Supportplan Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 06967390 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

SUPPORTPLAN LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L A W Beecheno

A Beecheno

REGISTERED OFFICE:

Unit 17

83 Crampton Street

London

SE17 3BQ

REGISTERED NUMBER:

06967390 (England and Wales)

ACCOUNTANTS:

Ellis Atkins

Chartered Accountants

1 Paper Mews

330 High Street

Dorking

Surrey

RH4 2TU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

105,557

29,201

105,557

29,201

CURRENT ASSETS

Debtors

6

124,763

111,683

Cash at bank

1,075,335

964,651

1,200,098

1,076,334

CREDITORS

Amounts falling due within one year

7

375,842

419,390

NET CURRENT ASSETS

824,256

656,944

TOTAL ASSETS LESS CURRENT LIABILITIES

929,813

686,145

PROVISIONS FOR LIABILITIES

20,056

5,840

NET ASSETS

909,757

680,305

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

909,657

680,205

SHAREHOLDERS' FUNDS

909,757

680,305

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 11 April 2018 and were signed on its behalf by:

L A W Beecheno - Director

1.	STATUTORY INFORMATION

Supportplan Ltd 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 net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of two years.

Tangible fixed assets

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

Plant and machinery

-

Straight line over 3 years

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

50% on cost

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.

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 10 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2016

2,750

Disposals

(2,750

)

At 31 July 2017

-

AMORTISATION

At 1 August 2016

2,750

Eliminated on disposal

(2,750

)

At 31 July 2017

-

NET BOOK VALUE

At 31 July 2017

-

At 31 July 2016

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 August 2016

154,596

8,563

24,994

188,153

Additions

140,730

109

-

140,839

Disposals

(67,042

)

-

-

(67,042

)

At 31 July 2017

228,284

8,672

24,994

261,950

DEPRECIATION

At 1 August 2016

129,743

4,215

24,994

158,952

Charge for year

63,592

891

-

64,483

Eliminated on disposal

(67,042

)

-

-

(67,042

)

At 31 July 2017

126,293

5,106

24,994

156,393

NET BOOK VALUE

At 31 July 2017

101,991

3,566

-

105,557

At 31 July 2016

24,853

4,348

-

29,201

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

106,050

91,138

Other debtors

18,713

20,545

124,763

111,683

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

32,171

41,404

Taxation and social security

113,089

146,316

Other creditors

230,582

231,670

375,842

419,390

8.	ULTIMATE CONTROLLING PARTY