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04600754
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04600754
2017-01-01
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04600754
2016-12-31
04600754
2016-01-01
2016-12-31
04600754
uk-core:WithinOneYear
2016-12-31
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uk-core:ShareCapital
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uk-core:RevaluationReserve
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uk-core:RevaluationReserve
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uk-core:RetainedEarningsAccumulatedLosses
2017-12-31
04600754
uk-core:RetainedEarningsAccumulatedLosses
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uk-core:MotorCars
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uk-core:LandBuildings
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uk-bus:PrivateLimitedCompanyLtd
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2017-12-31
Registered Number:04600754 |
For the year ended 31 December 2017
England and Wales
Unaudited Financial Statements
2
Steve Pye & Co Ltd
Statement of Financial Position
2016
2017
11,599
13,049
2
Property, plant and equipment |
329,389
357,623
3
4
303,618
303,618
644,606
674,290
Trade and other receivables |
8,629
5,067
5
26,244
Cash and cash equivalents |
7,126
12,193
34,873
Trade and other payables: amounts falling due within one year |
(70,200)
(53,664)
6
(35,327)
(41,471)
Net current liabilities
Total assets less current liabilities |
603,135
638,963
Trade and other payables: amounts falling due after more than |
one year |
(250,577)
(203,404)
7
233
714
Provisions for liabilities |
399,964
Net assets
389,100
11
11
23,400
23,400
376,553
365,689
399,964
389,100
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 directors acknowledge their 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. |
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3
For the year ended 31 December 2017
Steve Pye & Co Ltd
Statement of Financial Position Continued
Mr Stephen Ernest Pye Director |
These financial statements were approved and authorised for issue by the Board on 31 July 2018 and were signed by: |
The notes form part of these financial statements |
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4
For the year ended 31 December 2017
Steve Pye & Co Ltd
Notes to the Financial Statements
Statutory Information
Steve Pye & Co Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number |
04600754. |
49 Castle Rising Road
South Wootton
King's Lynn
Norfolk
PE30 3JA
The presentation currency is £ sterling. |
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. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business and is being amortised evenly over its estimated useful life of 20 years. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
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: |
Office equipment
Motor vehicles
Fixtures and fittings
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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5
For the year ended 31 December 2017
Steve Pye & Co Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets |
Goodwill
28,635
28,635
15,586
1,450
Charge for year
17,036
11,599
13,049
3. Property, plant and equipment |
Motor vehicles
452,273
53,333
27,027
65,871
306,042
12,697
5,940
-
-
6,757
-
-
(65,871)
-
(65,871)
-
27,027
59,273
399,099
312,799
Provision for depreciation and impairment |
94,650
41,699
24,132
28,819
-
Charge for year
9,865
3,155
724
5,986
-
(34,805)
-
-
(34,805)
-
69,710
44,854
24,856
-
-
312,799
-
2,171
14,419
329,389
306,042
37,052
2,895
11,634
357,623
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6
For the year ended 31 December 2017
Steve Pye & Co Ltd
Notes to the Financial Statements Continued
303,618
303,618
303,618
303,618
5. Trade and other receivables |
2016
2017
-
8,067
Amounts owed by group undertakings and participating interests |
4,498
208
569
354
8,629
5,067
6. Trade and other payables: amounts falling due within one year |
2016
2017
Bank loans and overdraft (secured) |
10,835
10,834
Amounts owed to group undertaking and undertaking in which the company |
has a participating interest |
-
413
Taxation and social security |
12,564
9,794
30,265
49,159
53,664
70,200
7. Trade and other payables: amounts falling due after more than one year |
2016
2017
Bank loans and overdraft (secured) |
203,404
215,242
-
35,335
203,404
250,577
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7
For the year ended 31 December 2017
Steve Pye & Co Ltd
Notes to the Financial Statements Continued
8. Related party transactions |
Related Party Transactions |
The debit movement is represented by drawings of £15834 |
The company operates from a property owned by Mr & Mrs Pye personally. Rent of £7200 was paid during the period. All |
transactions were conducted at a fair market value. |
9. Average number of persons employed |
During the year the average number of employees was 6 (2016 : 6)
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