Prouvost & Sons Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09335845 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

PROUVOST & SONS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Ms L Prouvost

REGISTERED OFFICE:

Suites 12-14

3rd Vantage Point

New England Road

Brighton

East Sussex

BN1 4GW

REGISTERED NUMBER:

09335845 (England and Wales)

ACCOUNTANT:

Will Taylor Limited

Suites 12-14

3rd Floor, Vantage Point

New England Road

Brighton

East Sussex

BN1 4GW

FIXED ASSETS

Intangible assets

4

275

182

Tangible assets

5

1,152

1,136

1,427

1,318

CURRENT ASSETS

Debtors

6

115,094

61,052

Cash at bank and in hand

180,835

189,962

295,929

251,014

CREDITORS

Amounts falling due within one year

7

60,560

56,038

NET CURRENT ASSETS

235,369

194,976

TOTAL ASSETS LESS CURRENT LIABILITIES

236,796

196,294

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

236,795

196,293

SHAREHOLDERS' FUNDS

236,796

196,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

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 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 4 February 2019 and were signed by:

Ms L Prouvost - Director

1.	STATUTORY INFORMATION

Prouvost & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Computer software is being amortised evenly over its estimated useful life of twenty years.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% 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 statement of financial position date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2017

227

Additions

174

At 31 December 2017

401

AMORTISATION

At 1 January 2017

45

Amortisation for year

81

At 31 December 2017

126

NET BOOK VALUE

At 31 December 2017

275

At 31 December 2016

182

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2017

1,514

Additions

401

At 31 December 2017

1,915

DEPRECIATION

At 1 January 2017

378

Charge for year

385

At 31 December 2017

763

NET BOOK VALUE

At 31 December 2017

1,152

At 31 December 2016

1,136

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

99,163

61,052

VAT

15,931

-

115,094

61,052

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

12,492

4,609

Tax

43,183

29,949

VAT

-

10,008

Directors' loan accounts

4,135

10,722

Accrued expenses

750

750

60,560

56,038

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017 and

31 December 2016:

31.12.17

31.12.16

£

£

Ms L Prouvost

Balance outstanding at start of year

(10,722

)

(151,509

)

Amounts advanced

12,708

241,397

Amounts repaid

(6,122

)

(100,610

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,136

)

(10,722

)