Finishing Touches-Surrey Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06258712 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

FINISHING TOUCHES-SURREY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Russell

SECRETARY:

Mrs J L Russell

REGISTERED OFFICE:

Unit 3B Canal Bridge

Byfleet Road

New Haw

Addlestone

Surrey

KT15 3JE

REGISTERED NUMBER:

06258712 (England and Wales)

ACCOUNTANTS:

Neil Beaton & Co.

Janda

The Friary

Old Windsor

Windsor

Berkshire

SL4 2NR

FIXED ASSETS

Intangible assets

4

-

2,250

Tangible assets

5

10,200

14,000

10,200

16,250

CURRENT ASSETS

Stocks

600

600

Debtors

6

4,580

13,388

Cash at bank and in hand

27,501

8,029

32,681

22,017

CREDITORS

Amounts falling due within one year

7

16,273

14,899

NET CURRENT ASSETS

16,408

7,118

TOTAL ASSETS LESS CURRENT LIABILITIES

26,608

23,368

PROVISIONS FOR LIABILITIES

1,677

2,343

NET ASSETS

24,931

21,025

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

8

23,931

20,025

SHAREHOLDERS' FUNDS

24,931

21,025

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 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 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 11 January 2019 and were signed by:

G Russell - Director

1.	STATUTORY INFORMATION

Finishing Touches-Surrey 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2017

and 31 May 2018

45,000

AMORTISATION

At 1 June 2017

42,750

Charge for year

2,250

At 31 May 2018

45,000

NET BOOK VALUE

At 31 May 2018

-

At 31 May 2017

2,250

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2017

and 31 May 2018

15,295

DEPRECIATION

At 1 June 2017

1,295

Charge for year

3,800

At 31 May 2018

5,095

NET BOOK VALUE

At 31 May 2018

10,200

At 31 May 2017

14,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

1,418

383

Other debtors

3,162

13,005

4,580

13,388

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade creditors

3,695

2,798

Taxation and social security

9,947

10,526

Other creditors

2,631

1,575

16,273

14,899

8.

RESERVES

Retained

earnings

£

At 1 June 2017

20,025

Profit for the year

30,814

Dividends

(26,908

)

At 31 May 2018

23,931

9.	RELATED PARTY DISCLOSURES

The controlling party is G Russell.