Company Registration No. 00856047 (England and Wales)
S.BISHOP & SON LIMITED
Unaudited accounts
for the year ended 31 August 2017
S.BISHOP & SON LIMITED
Unaudited accounts
Contents
S.BISHOP & SON LIMITED
Company Information
for the year ended 31 August 2017
Directors
Mr E Bourne
Mrs C Bourne
Company Number
00856047 (England and Wales)
Registered Office
HILLSIDE, THE SQUARE
FOREST ROW
East Grinstead
West Sussex
RH18 5ES
Accountants
Neil Ward
Myosotis
Isle Of Thorns Lane
Chelwood Gate
East Sussex
RH17 7LA
S.BISHOP & SON LIMITED
Statement of financial position
as at 31 August 2017
Tangible assets
330,095
330,674
Cash at bank and in hand
3,133
46,761
Creditors: amounts falling due within one year
(164,753)
(141,918)
Net current liabilities
(70,924)
(19,216)
Total assets less current liabilities
259,171
311,458
Creditors: amounts falling due after more than one year
(111,571)
(133,117)
Net assets
147,600
178,341
Called up share capital
100
100
Profit and loss account
147,500
178,241
Shareholders' funds
147,600
178,341
For the year ending 31 August 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 November 2017.
Mr E Bourne
Director
Company Registration No. 00856047
S.BISHOP & SON LIMITED
Notes to the Accounts
for the year ended 31 August 2017
S.BISHOP & SON LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00856047. The registered office is HILLSIDE, THE SQUARE, FOREST ROW, East Grinstead, West Sussex, RH18 5ES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 August 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 September 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
25% Reducing Balance Method
Computer equipment
25% Reducing Balance Method
S.BISHOP & SON LIMITED
Notes to the Accounts
for the year ended 31 August 2017
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 September 2016
328,336
63,762
392,098
At 31 August 2017
328,336
63,762
392,098
At 1 September 2016
-
61,424
61,424
Charge for the year
-
579
579
At 31 August 2017
-
62,003
62,003
At 31 August 2017
328,336
1,759
330,095
At 31 August 2016
328,336
2,338
330,674
Finished goods
74,177
58,710
Trade debtors
16,519
17,231
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
29,141
23,066
Trade creditors
106,436
51,710
Taxes and social security
13,673
39,522
Loans from directors
2,375
14,492
8
Creditors: amounts falling due after more than one year
2017
2016
Bank loans
111,571
133,117
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 17 (2016: 17).
