Sturman & Co. Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09704069 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2018

FOR

STURMAN & CO. LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Elizabeth Sturman

SECRETARY:

Elizabeth Sturman

REGISTERED OFFICE:

Woodlands

Owler Park Road

Ilkley

West Yorkshire

LS29 0BG

REGISTERED NUMBER:

09704069 (England and Wales)

ACCOUNTANTS:

Wintersgill Associates

Chartered Accountants & Business Advisers

27A Brook Street

Ilkley

West Yorkshire

LS29 8AA

FIXED ASSETS

Property, plant and equipment

4

3,443

1,384

CURRENT ASSETS

Debtors

5

5,821

22,050

Cash at bank

44,699

19,133

50,520

41,183

CREDITORS

Amounts falling due within one year

6

34,756

38,649

NET CURRENT ASSETS

15,764

2,534

TOTAL ASSETS LESS CURRENT LIABILITIES

19,207

3,918

PROVISIONS FOR LIABILITIES

655

263

NET ASSETS

18,552

3,655

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

18,352

3,455

18,552

3,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 in accordance with Section 476 of the Companies Act 2006.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 24 September 2018 and were signed by:

Elizabeth Sturman - Director

1.	STATUTORY INFORMATION

Sturman & Co. Ltd 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

Revenue 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 cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 August 2017

1,807

Additions

3,860

Disposals

(1,103

)

At 31 July 2018

4,564

DEPRECIATION

At 1 August 2017

423

Charge for year

1,085

Eliminated on disposal

(387

)

At 31 July 2018

1,121

NET BOOK VALUE

At 31 July 2018

3,443

At 31 July 2017

1,384

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade debtors

3,557

22,050

Other debtors

2,264

-

5,821

22,050

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.18

31.7.17

£

£

Trade creditors

12,155

22,294

Taxation and social security

21,607

8,103

Other creditors

994

8,252

34,756

38,649

7.	CAPITAL COMMITMENTS

The company has future operating lease commitments of £12,345 (2017 - £nil).

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £41,005 (2017 - £13,000) were paid to the director .

At the year end the company owed the director £360 (2017 - £8,052).