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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017 |
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SOCIAL & MARKET STRATEGIC RESEARCH |
LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017 |
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FOR |
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SOCIAL & MARKET STRATEGIC RESEARCH |
LIMITED |
SOCIAL & MARKET STRATEGIC RESEARCH |
LIMITED (REGISTERED NUMBER: 02608951) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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SOCIAL & MARKET STRATEGIC RESEARCH |
LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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36 High Street |
Cleethorpes |
North East Lincs |
DN35 8JN |
SOCIAL & MARKET STRATEGIC RESEARCH |
LIMITED (REGISTERED NUMBER: 02608951) |
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STATEMENT OF FINANCIAL POSITION |
31 JULY 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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( |
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CREDITORS |
Amounts falling due after more than one
year |
7 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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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 |
(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. |
SOCIAL & MARKET STRATEGIC RESEARCH |
LIMITED (REGISTERED NUMBER: 02608951) |
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STATEMENT OF FINANCIAL POSITION - continued |
31 JULY 2017 |
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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
its behalf by: |
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SOCIAL & MARKET STRATEGIC RESEARCH |
LIMITED (REGISTERED NUMBER: 02608951) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2017 |
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1. | STATUTORY INFORMATION |
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Social & Market Strategic Research Limited is a
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England and 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 |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Plant and machinery | - |
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Fixtures and fittings | - |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the statement of financial position date. |
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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. |
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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. |
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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. |
SOCIAL & MARKET STRATEGIC RESEARCH |
LIMITED (REGISTERED NUMBER: 02608951) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
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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. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 August 2016 |
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Additions |
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At 31 July 2017 |
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DEPRECIATION |
At 1 August 2016 |
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Charge for year |
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At 31 July 2017 |
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NET BOOK VALUE |
At 31 July 2017 |
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At 31 July 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 16,392 | 15,696 |
Other creditors |
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Credit Card | - | 10,824 |
Skipton Factoring account | 55,500 | 14,153 |
Directors' current accounts | 11,511 | 77,284 |
Accruals and deferred income |
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SOCIAL & MARKET STRATEGIC RESEARCH |
LIMITED (REGISTERED NUMBER: 02608951) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
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7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Bank loans - 1-2 years |
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Other creditors |
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8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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Mr Ian Mills |
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As at 31st July 2017 the company owed Mr Ian Mills £NIL (2016: £68,722) in respect of directors |
loan. This amount is interest free and repayable on demand. |
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Mr Joseph Mansley |
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As at 31st July 2017 the company owed Mr Joseph Mansley £NIL (2016: £NIL) in respect of directors |
loan. This amount is interest free and repayable on demand. |
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Mr Jae Saleh |
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As at 31st July 2017 Mr Jae Saleh owed the company £2 (2016: £NIL) This amount is interest free |
and payable on demand. |
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Mr Darren Hornby |
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As at 31st July 2017 the company owed Mr Darren Hornby £11,513 (2016: £9,012). This amount is |
interest free and payable on demand. |
SOCIAL & MARKET STRATEGIC RESEARCH |
LIMITED (REGISTERED NUMBER: 02608951) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
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9. | RELATED PARTY DISCLOSURES |
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1824 Research & Consultancy |
During the year payments of £37,189 (2016: £152,788) were made to 1824 Research & Consultancy |
for services provided. As at 31st July 2017 the company owed 1824 Research & Consultancy £11,210 |
(2016: £29,837). |
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Kingston Equity Finance |
On the 29th March 2016 Kingston Equity & Finance Ltd acquired 175 ordinary shares and 17,500 5% |
redeemable preference shares in the company. |
Loans of £81,688 were made to the company during the year and as at 31st July 2017 the company |
owed Kingston Equity & Finance Ltd £37,042 (2016: £26,365). |
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Other loans |
H Hall |
As at 31st July 2017 the company owed H Hall £958 (2016: £2,958). |
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A Davies |
As at 31st July 2017 the company owed A Davies £1,970 (2016: £1,970). |
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S Frumin |
As at 31st July 2017 the company owed S Frumin £5,000 (2016: £5,000). |
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A Jeffries |
As at 31st July 2017 A Jeffries owed the company £NIL (2016: £47,041). |
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10. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party of the company are it's directors. |