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Unaudited Financial Statements for the Year Ended 31 October 2016 |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 October 2016 |
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for |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED |
SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Contents of the Financial Statements |
for the year ended 31 October 2016 |
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Page |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Statement of Financial Position | 3 | to | 4 |
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Notes to the Financial Statements | 5 | to | 7 |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED |
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Company Information |
for the year ended 31 October 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Yare House |
62-64 Thorpe Road |
Norwich |
Norfolk |
NR1 1RY |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Sapphire Investigations Bureau Limited |
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The following reproduces the text of the report prepared for the directors and members in respect of the |
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only |
required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain |
other primary statements and the Report of the Directors are not required to be filed with the Registrar of |
Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Sapphire Investigations Bureau Limited for the year ended 31 October 2016 which comprise |
the Income Statement, Statement of Financial Position and the related notes from the company's accounting records |
and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Sapphire Investigations Bureau Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sapphire Investigations Bureau Limited and state those matters that we have agreed to state to the Board of Directors of Sapphire Investigations Bureau Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sapphire Investigations Bureau Limited Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Sapphire Investigations Bureau Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sapphire Investigations Bureau Limited. You consider that Sapphire Investigations Bureau Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Sapphire Investigations Bureau Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
Yare House |
62-64 Thorpe Road |
Norwich |
Norfolk |
NR1 1RY |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Statement of Financial Position |
31 October 2016 |
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31/10/16 | 31/10/15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve | 8 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Statement of Financial Position - continued |
31 October 2016 |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Notes to the Financial Statements |
for the year ended 31 October 2016 |
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1. | STATUTORY INFORMATION |
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Sapphire Investigations Bureau Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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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 as modified by the revaluation of land and buildings and certain financial assets and investment |
properties measured at fair value through the Income Statement. |
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Revenue |
Revenue is measured at the fair value of the consideration received or receivable, and represents amounts |
receivable for services rendered net of discounts, rebates, value added tax and other sales taxes. |
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Revenue from services is recognised over the period when the service is provided and when the amount of |
revenue can be measured reliably and it is probable that future economic benefits will flow to the entity. |
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Property, plant and equipment |
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Office equipment | - |
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Motor vehicles | - |
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At the date of the statement of financial position, the company reviews the carrying value of its tangible fixed |
assets to determine whether there is any indication that any items have suffered an impairment loss. If any |
such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the |
impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company |
estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
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Investment property |
Investment properties are initially measured at cost, including transaction costs. Subsequently investment |
properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are |
measured at fair value. Gains and losses arising from changes in fair value are recognised in the income |
statement in the period in which they arise. |
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Cumulative differences between fair value and original cost are held in a revaluation reserve until such time |
that the profit is realised on disposal. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. The assets of the scheme are held separately |
from those of the company in an independently administered fund. Contributions payable to the company's |
pension scheme are charged to the income statement in the period to which they relate. |
SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Notes to the Financial Statements - continued |
for the year ended 31 October 2016 |
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2. | ACCOUNTING POLICIES - continued |
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Taxation |
Taxation represents the sum of the tax currently payable and deferred tax. |
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The company's liability for current tax is calculated using tax rates that have been enacted, or substantively |
enacted by the end of the reporting period. |
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Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the date |
of the statement of financial position. Unrelieved tax losses and other deferred tax assets are only recognised |
to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or |
other future taxable profits. |
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Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in |
which the liability is settled or the asset realised, based on tax rates that have been enacted or substantively |
enacted by the end of the reporting period. |
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Financial instruments |
Short-term debtors are measured at transaction price, less any impairment. The impairment loss is measured |
as the difference between an asset's carrying value and the best estimate of the amount that the company |
would receive for the asset if it were to be sold at the reporting date. |
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Short-term trade creditors are measured at the transaction price. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | PROPERTY, PLANT AND EQUIPMENT |
Office | Motor |
equipment | vehicles | Totals |
£ | £ | £ |
COST |
At 1 November 2015 |
and 31 October 2016 |
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DEPRECIATION |
At 1 November 2015 |
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Charge for year |
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At 31 October 2016 |
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NET BOOK VALUE |
At 31 October 2016 |
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At 31 October 2015 |
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SAPPHIRE INVESTIGATIONS BUREAU LIMITED (REGISTERED NUMBER: 00777693) |
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Notes to the Financial Statements - continued |
for the year ended 31 October 2016 |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2015 |
and 31 October 2016 |
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NET BOOK VALUE |
At 31 October 2016 |
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At 31 October 2015 |
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Investment property was valued on an open market basis on 31 October 2016 by the directors. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/16 | 31/10/15 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/10/16 | 31/10/15 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 November 2015 |
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190,024 |
Profit for the year |
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At 31 October 2016 |
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209,286 |
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9. | FINANCIAL COMMITMENTS |
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The company had total commitments under non-cancellable operating leases over the remaining life of those |
leases of £15,225 (31/10/15 - £nil). |