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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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SINGER & HAMILTON LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 DECEMBER 2016 |
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FOR |
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SINGER & HAMILTON LIMITED |
SINGER & HAMILTON LIMITED (REGISTERED NUMBER: 02885872) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 31 December 2016 |
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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 | 3 |
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Chartered Accountants' Report | 5 |
SINGER & HAMILTON LIMITED |
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COMPANY INFORMATION |
for the year ended 31 December 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 |
88 Crawford Street |
London |
W1H 2EJ |
SINGER & HAMILTON LIMITED (REGISTERED NUMBER: 02885872) |
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STATEMENT OF FINANCIAL POSITION |
31 December 2016 |
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2016 | 2015 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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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. |
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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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SINGER & HAMILTON LIMITED (REGISTERED NUMBER: 02885872) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 31 December 2016 |
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1. | STATUTORY INFORMATION |
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Singer & Hamilton Limited is a
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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 for the year ended 31 December 2016 are the first financial statements that comply |
with FRS 102 Section 1A small entities. The date of transition is 1 January 2014. |
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The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in the accounting |
policies to those used previously. |
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The presentation currency |
The currency in which the financial statements are presented is sterling. |
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Tangible fixed assets and depreciation |
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to |
write off tangible fixed assets over their expected useful lives as follows: |
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Plant and machinery - 25% on the reducing balance basis; and |
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Computer equipment - 33% on the cost basis. |
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Income recognition |
Income is recognised when services have been delivered to customers such that risks and rewards of ownership |
have been transferred to them. |
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Foreign exchange |
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Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange |
ruling at the date of the transaction. |
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3. | TANGIBLE FIXED ASSETS |
Plant and | Computer |
machinery | equipment | Totals |
£ | £ | £ |
COST |
At 1 January 2016 |
and 31 December 2016 |
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DEPRECIATION |
At 1 January 2016 |
and 31 December 2016 |
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NET BOOK VALUE |
At 31 December 2016 |
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At 31 December 2015 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
VAT |
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SINGER & HAMILTON LIMITED (REGISTERED NUMBER: 02885872) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 31 December 2016 |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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VAT | - | 2,524 |
Directors' current accounts | 321 | 321 |
Accrued expenses |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 | 2 | 2 |
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7. | RELATED PARTY DISCLOSURES |
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The company's holding entity is Singer & Hamilton SA, a partnership incorporated in France, which owns 100% |
of its issued share capital. |
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The amount due from Singer & Hamilton SA at the year end is £8,463 (2015 £44,330). |
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At the year end, trade creditors includes £3,704 (2015: £3,704) payable to Singer & Hamilton, Geneva. Mr E |
Singer is also director of Singer & Hamilton, Geneva. |
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8. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is
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9. | TRANSITION TO FRS102 SECTION 1A |
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This is the first year that the company has presented its result under FRS 102 Section 1A small entities. |
The last financial statements under previous UK GAAP were for the year ended 31 December 2015 and the date |
of transition to FRS 102 Section 1A small entities was 01 January 2014. |
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The transition to FRS 102 Section 1A small entities has not resulted in any changes in the figures as presented |
in these accounts.. |
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10. | GOING CONCERN |
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The accounts have been prepared on a going concern basis, assuming continuing support from the company's |
creditors. |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
SINGER & HAMILTON 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 Statement of |
Comprehensive Income 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 Singer & Hamilton Limited for the year ended 31 December 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 Singer & Hamilton 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 Singer & Hamilton Limited and state those matters that we have agreed to state to the Board of Directors of Singer & Hamilton 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 Singer & Hamilton 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 Singer & Hamilton 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 loss of Singer & Hamilton Limited. You consider that Singer & Hamilton 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 Singer & Hamilton 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 |
88 Crawford Street |
London |
W1H 2EJ |
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