Ian Sutton Ltd,Ltd - AccountsLtd - Accounts

Ian Sutton Ltd,Ltd - AccountsLtd - Accounts

IAN SUTTON LTD - Company Information

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2017-01-01 08827778 2017-12-31 08827778 2017-01-01 2017-12-31 08827778 2016-12-31 08827778 2016-01-01 2016-12-31 08827778 uk-core:WithinOneYear 2016-12-31 08827778 uk-core:WithinOneYear 2017-12-31 08827778 uk-core:ShareCapital 2017-12-31 08827778 uk-core:ShareCapital 2016-12-31 08827778 uk-core:RetainedEarningsAccumulatedLosses 2017-12-31 08827778 uk-core:RetainedEarningsAccumulatedLosses 2016-12-31 08827778 uk-bus:Director1 2017-01-01 2017-12-31 08827778 uk-core:FurnitureFittingsToolsEquipment 2017-01-01 2017-12-31 iso4217:GBP 08827778 uk-bus:AuditExemptWithAccountantsReport 2017-01-01 2017-12-31 08827778 uk-bus:FRS102 2017-01-01 2017-12-31 08827778 uk-bus:FullAccounts 2017-01-01 2017-12-31 08827778 uk-bus:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31
Ian Sutton Ltd
Registered Number:08827778
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2017
Ian Sutton Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 December 2017
Ian Sutton Ltd
Statement of Financial Position
Registered Number :
08827778
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
2,409
291
2
2,409
291
Current assets
Trade and other receivables
13,144
5,780
3
4,992
Cash and cash equivalents
26,299
32,079
18,136
Trade and other payables: amounts falling due within one
year
(17,649)
(27,367)
4
487
4,712
Net current assets
Total assets less current liabilities
7,121
778
7,121
Net assets
778
Capital and reserves
Called up share capital
100
100
Retained earnings
7,021
678
7,121
778
Shareholders' funds
For the year ended 31 December 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 31 December 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his 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.
I Sutton Director
These financial statements were approved and authorised for issue by the Board on 17 April 2018 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2017
Ian Sutton Ltd
Notes to the Financial Statements
Statutory Information
Ian Sutton Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08827778.
Registered address:
140a Longden Coleham
Shrewsbury
Shropshire
SY3 7DN
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.
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:
25% Straight line
Fixtures and fittings
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 01 January 2017
892
3,121
Additions
At 31 December 2017
4,013
Provision for depreciation and impairment
At 01 January 2017
601
Charge for year
1,003
At 31 December 2017
1,604
At 31 December 2017
Net book value
2,409
At 31 December 2016
291
2 of 3
5
For the year ended 31 December 2017
Ian Sutton Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2016
2017
£
£
Trade debtors
5,780
13,144
4. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Trade creditors
633
-
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
9,887
7,430
Taxation and social security
10,349
3,519
Other creditors
6,498
6,700
27,367
17,649
3 of 3