Schools Support Services Limited 30/04/2018 iXBRL

Schools Support Services Limited 30/04/2018 iXBRL

SCHOOLS SUPPORT SERVICES LTD - Company Information

Print Friendly Version

30/04/2018 2018-04-30 false false false false false false false false false false true false false true false false false false false true true false No description of principal activities is disclosed 2017-05-01 Sage Accounts Production 18.1 - FRS xbrli:pure xbrli:shares iso4217:GBP 03018078 2017-05-01 2018-04-30 03018078 2018-04-30 03018078 2017-04-30 03018078 2016-05-01 2017-04-30 03018078 2017-04-30 03018078 2016-04-30 03018078 core:FurnitureFittingsToolsEquipment 2017-05-01 2018-04-30 03018078 bus:RegisteredOffice 2017-05-01 2018-04-30 03018078 bus:Director1 2017-05-01 2018-04-30 03018078 bus:Director2 2017-05-01 2018-04-30 03018078 bus:CompanySecretary1 2017-05-01 2018-04-30 03018078 core:FurnitureFittingsToolsEquipment 2017-04-30 03018078 core:FurnitureFittingsToolsEquipment 2018-04-30 03018078 core:WithinOneYear 2018-04-30 03018078 core:WithinOneYear 2017-04-30 03018078 core:ShareCapital 2018-04-30 03018078 core:ShareCapital 2017-04-30 03018078 core:RetainedEarningsAccumulatedLosses 2018-04-30 03018078 core:RetainedEarningsAccumulatedLosses 2017-04-30 03018078 core:FurnitureFittingsToolsEquipment 2017-04-30 03018078 bus:Director1 2017-04-30 03018078 bus:Director1 2018-04-30 03018078 bus:Director2 2017-04-30 03018078 bus:Director2 2018-04-30 03018078 bus:Director1 2016-04-30 03018078 bus:Director1 2017-04-30 03018078 bus:Director2 2016-04-30 03018078 bus:Director2 2017-04-30 03018078 bus:Director1 2016-05-01 2017-04-30 03018078 bus:Director2 2016-05-01 2017-04-30 03018078 bus:SmallEntities 2017-05-01 2018-04-30 03018078 bus:AuditExempt-NoAccountantsReport 2017-05-01 2018-04-30 03018078 bus:FullAccounts 2017-05-01 2018-04-30 03018078 bus:SmallCompaniesRegimeForAccounts 2017-05-01 2018-04-30 03018078 bus:PrivateLimitedCompanyLtd 2017-05-01 2018-04-30 03018078 core:AllAssociates core:AdministrativeServices bus:Consolidated 2017-05-01 2018-04-30 03018078 2 2017-05-01 2018-04-30 03018078 1 2017-05-01 2018-04-30
Company registration number: 03018078
Schools Support Services Limited
Unaudited filleted financial statements
30 April 2018
Schools Support Services Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Schools Support Services Limited
Directors and other information
Directors Mrs Irith Sassoon
Mr. David Sassoon
Secretary David Sassoon
Company number 03018078
Registered office 52 Claremont Park
London
N3 1TH
Business address 52 Claremont Park
London
N3 1TH
Schools Support Services Limited
Statement of financial position
30 April 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 4 763 1,018
_______ _______
763 1,018
Current assets
Cash at bank and in hand 71,363 58,786
_______ _______
71,363 58,786
Creditors: amounts falling due
within one year 5 ( 13,452) ( 19,641)
_______ _______
Net current assets 57,911 39,145
_______ _______
Total assets less current liabilities 58,674 40,163
Provisions for liabilities ( 145) ( 207)
_______ _______
Net assets 58,529 39,956
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 58,429 39,856
_______ _______
Shareholders funds 58,529 39,956
_______ _______
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 03 August 2018 , and are signed on behalf of the board by:
Mrs Irith Sassoon
Director
Company registration number: 03018078
Schools Support Services Limited
Notes to the financial statements
Year ended 30 April 2018
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 52 Claremont Park, London, N3 1TH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fittings fixtures and equipment - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 May 2017 and 30 April 2018 29,362 29,362
_______ _______
Depreciation
At 1 May 2017 28,344 28,344
Charge for the year 255 255
_______ _______
At 30 April 2018 28,599 28,599
_______ _______
Carrying amount
At 30 April 2018 763 763
_______ _______
At 30 April 2017 1,018 1,018
_______ _______
5. Creditors: amounts falling due within one year
2018 2017
£ £
Corporation tax 5,388 6,378
Social security and other taxes - 1,961
Other creditors 8,064 11,302
_______ _______
13,452 19,641
_______ _______
6. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2018
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs Irith Sassoon ( 8,422) 3,505 ( 4,917)
Mr. David Sassoon ( 1,367) ( 267) ( 1,634)
_______ _______ _______
( 9,789) 3,238 ( 6,551)
_______ _______ _______
2017
Balance brought forward Advances /(credits) to the directors Balance o/standing
£ £ £
Mrs Irith Sassoon ( 5,251) ( 3,171) ( 8,422)
Mr. David Sassoon ( 426) ( 941) ( 1,367)
_______ _______ _______
( 5,677) ( 4,112) ( 9,789)
_______ _______ _______
7. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value
2018 2017
£ £
Use of premises 780 1,029
_______ _______
The company paid to its directors £780 for of the use of their home as an office.
8. Controlling party
The company was controlled throughout the year by its directors,Mrs Irith SassoonandMr. David Sassoon.