Stylites Limited - Limited company accounts 18.1.1

REGISTERED NUMBER: 07084701 (England and Wales)

REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2017

FOR

STYLITES LIMITED

Page

Company Information

1

Report of the Director

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTOR:

S G Sperryn

SECRETARY:

S G Sperryn

REGISTERED OFFICE:

New Barn Farm

Lindsell

Great Dunmow

Essex

CM6 3QH

REGISTERED NUMBER:

07084701 (England and Wales)

ACCOUNTANTS:

M P Curtis

New Barn Farm

Lindsell

Dunmow

Essex

CM6 3QH

The director presents his report with the financial statements of the company for the year ended 30 November 2017.

DIRECTOR

S G Sperryn held office during the whole of the period from 1 December 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

S G Sperryn - Director

30 August 2018

TURNOVER

228

15,941

Administrative expenses

5,062

8,267

OPERATING (LOSS)/PROFIT and

(LOSS)/PROFIT BEFORE TAXATION

(4,834

)

7,674

Tax on (loss)/profit

(922

)

1,557

(LOSS)/PROFIT FOR THE FINANCIAL
YEAR

(3,912

)

6,117

FIXED ASSETS

Tangible assets

5

356

445

CURRENT ASSETS

Debtors

6

949

150

Cash at bank

23,849

27,191

24,798

27,341

CREDITORS

Amounts falling due within one year

7

17,183

10,903

NET CURRENT ASSETS

7,615

16,438

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,971

16,883

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

7,970

16,882

SHAREHOLDERS' FUNDS

7,971

16,883

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 August 2018 and were signed by:

S G Sperryn - Director

1.	STATUTORY INFORMATION

Stylites Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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 etc

-

25% on reducing balance

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	OPERATING (LOSS)/PROFIT

The operating loss (2016 - operating profit) is stated after charging:

2017

2016

£

Depreciation - owned assets

89

111

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

and 30 November 2017

1,648

DEPRECIATION

At 1 December 2016

1,203

Charge for year

89

At 30 November 2017

1,292

NET BOOK VALUE

At 30 November 2017

356

At 30 November 2016

445

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

-

150

Other debtors

949

-

949

150

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Taxation and social security

-

1,530

Other creditors

17,183

9,373

17,183

10,903

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S G Sperryn.

The ultimate controlling party is S G Sperryn.