false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
false
No description of principal activity
2017-05-01
Sage Accounts Production Advanced 2018 - FRS
208,967
208,967
44,253
563
44,816
35,044
2,443
37,487
7,329
9,209
5,000
5,000
5,000
xbrli:pure
xbrli:shares
iso4217:GBP
03045878
2017-05-01
2018-04-30
03045878
2018-04-30
03045878
2017-04-30
03045878
2016-05-01
2017-04-30
03045878
2017-04-30
03045878
bus:Director1
2017-05-01
2018-04-30
03045878
core:NetGoodwill
2018-04-30
03045878
core:WithinOneYear
2018-04-30
03045878
core:WithinOneYear
2017-04-30
03045878
core:ShareCapital
2018-04-30
03045878
core:ShareCapital
2017-04-30
03045878
core:RetainedEarningsAccumulatedLosses
2018-04-30
03045878
core:RetainedEarningsAccumulatedLosses
2017-04-30
03045878
core:CostValuation
core:Non-currentFinancialInstruments
2018-04-30
03045878
core:Non-currentFinancialInstruments
2018-04-30
03045878
core:Non-currentFinancialInstruments
2017-04-30
03045878
bus:SmallEntities
2017-05-01
2018-04-30
03045878
bus:AuditExemptWithAccountantsReport
2017-05-01
2018-04-30
03045878
bus:FullAccounts
2017-05-01
2018-04-30
03045878
bus:SmallCompaniesRegimeForAccounts
2017-05-01
2018-04-30
03045878
bus:PrivateLimitedCompanyLtd
2017-05-01
2018-04-30
03045878
core:NetGoodwill
2017-05-01
2018-04-30
03045878
core:OfficeEquipment
2017-05-01
2018-04-30
03045878
core:OfficeEquipment
2017-04-30
03045878
core:OfficeEquipment
2018-04-30
03045878
core:AllAssociates
core:AdministrativeServices
2017-05-01
2018-04-30
COMPANY REGISTRATION NUMBER:
03045878
SRJ Accounting Services Limited
|
|
Filleted Unaudited Financial Statements
|
|
SRJ Accounting Services Limited
|
|
Statement of Financial Position
|
|
30 April 2018
Fixed assets
Tangible assets
|
6
|
|
7,329
|
9,209
|
Investments
|
7
|
|
5,000
|
5,000
|
|
|
--------
|
--------
|
|
|
12,329
|
14,209
|
|
|
|
|
|
Current assets
Stocks
|
5,905
|
|
4,895
|
Debtors
|
8
|
91,509
|
|
100,945
|
Cash at bank and in hand
|
99,095
|
|
34,357
|
|
---------
|
|
---------
|
|
196,509
|
|
140,197
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
9
|
145,814
|
|
119,389
|
|
---------
|
|
---------
|
Net current assets
|
|
50,695
|
20,808
|
|
|
--------
|
--------
|
Total assets less current liabilities
|
|
63,024
|
35,017
|
|
|
--------
|
--------
|
Net assets
|
|
63,024
|
35,017
|
|
|
--------
|
--------
|
|
|
|
|
|
SRJ Accounting Services Limited
|
|
Statement of Financial Position (continued)
|
|
30 April 2018
Capital and reserves
Called up share capital
|
|
5,030
|
5,030
|
Profit and loss account
|
|
57,994
|
29,987
|
|
|
--------
|
--------
|
Shareholders funds
|
|
63,024
|
35,017
|
|
|
--------
|
--------
|
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
2 January 2019
, and are signed on behalf of the board by:
D A Jacobs, FSPA
|
|
Director
|
|
|
|
Company registration number:
03045878
SRJ Accounting Services Limited
|
|
Notes to the Financial Statements
|
|
Year ended 30 April 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1st Floor, Lumiere, Elstree Way, Borehamwood, Hertfordshire, WD6 1JH.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment
|
-
|
25% reducing balance
|
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
7
(2017:
6
).
5.
Intangible assets
|
Goodwill
|
|
£
|
Cost
|
|
At 1 May 2017 and 30 April 2018
|
208,967
|
|
---------
|
Amortisation
|
|
At 1 May 2017 and 30 April 2018
|
208,967
|
|
---------
|
Carrying amount
|
|
At 30 April 2018
|
–
|
|
---------
|
At 30 April 2017
|
–
|
|
---------
|
|
|
6.
Tangible assets
|
Equipment
|
Total
|
|
£
|
£
|
Cost
|
|
|
At 1 May 2017
|
44,253
|
44,253
|
Additions
|
563
|
563
|
|
--------
|
--------
|
At 30 April 2018
|
44,816
|
44,816
|
|
--------
|
--------
|
Depreciation
|
|
|
At 1 May 2017
|
35,044
|
35,044
|
Charge for the year
|
2,443
|
2,443
|
|
--------
|
--------
|
At 30 April 2018
|
37,487
|
37,487
|
|
--------
|
--------
|
Carrying amount
|
|
|
At 30 April 2018
|
7,329
|
7,329
|
|
--------
|
--------
|
At 30 April 2017
|
9,209
|
9,209
|
|
--------
|
--------
|
|
|
|
7.
Investments
|
Other investments other than loans
|
|
£
|
Cost
|
|
At 1 May 2017 and 30 April 2018
|
5,000
|
|
-------
|
Impairment
|
|
At 1 May 2017 and 30 April 2018
|
–
|
|
-------
|
|
|
Carrying amount
|
|
At 30 April 2018
|
5,000
|
|
-------
|
At 30 April 2017
|
5,000
|
|
-------
|
|
|
8.
Debtors
|
2018
|
2017
|
|
£
|
£
|
Trade debtors
|
80,310
|
95,214
|
Other debtors
|
11,199
|
5,731
|
|
--------
|
---------
|
|
91,509
|
100,945
|
|
--------
|
---------
|
|
|
|
9.
Creditors:
amounts falling due within one year
|
2018
|
2017
|
|
£
|
£
|
Bank loans and overdrafts
|
7,168
|
3,112
|
Trade creditors
|
11,816
|
13,584
|
Corporation tax
|
26,385
|
19,446
|
Social security and other taxes
|
15,446
|
17,105
|
Other creditors
|
84,999
|
66,142
|
|
---------
|
---------
|
|
145,814
|
119,389
|
|
---------
|
---------
|
|
|
|
10.
Related party transactions
The company was under the control of Mr D A Jacobs throughout the current and previous year. Mr D A Jacobs is a director and the majority shareholder.
There were no transactions with related parties that were undertaken such as required to be disclosed under Financial Reporting Standard FRS 102 (Section 1A).