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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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RUPERT SANDERSON SHOES LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 MARCH 2017 |
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FOR |
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RUPERT SANDERSON SHOES LIMITED |
RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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RUPERT SANDERSON SHOES LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2017 |
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DIRECTOR: |
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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 |
Charlton House |
Dour Street |
DOVER |
Kent |
CT16 1BL |
RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079) |
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BALANCE SHEET |
31 MARCH 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks | 6 |
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Debtors | 7 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
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PROVISIONS FOR LIABILITIES | 12 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 13 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079) |
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BALANCE SHEET - continued |
31 MARCH 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 director on
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RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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Rupert Sanderson Shoes 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 |
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The accounts are presented in sterling which is the functional currency of the company. |
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Changes in accounting policies |
The principal accounting policies adopted in the preparation of the financial statements are set out below and |
have remained unchanged from the previous year. These policies have been consistently applied to all years |
presented unless otherwise stated. |
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These financial statements, for the year ended 31 March 2017, are the first financial statements that comply with |
FRS 102 Section 1A "Small Entities". The date of transition is 1 April 2015. |
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The transition to FRS 102 Section 1A "Small Entities" has not resulted in any changes to the accounting policies |
or to the opening equity and profit for the comparative period. |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
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Tangible fixed assets |
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Short leasehold | - |
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Plant and machinery | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Cost includes an appropriate proportion of carriage costs. |
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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 balance sheet date. |
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RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet 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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Research and development |
Research expenditure is written off to the profit and loss account in the period in which it is incurred. |
Development expenditure is written off in the same way unless the director is satisfied as to the technical, |
commercial and financial viability of individual projects. In this situation, the expenditure is deferred and |
amortised over the period during which the company is expected to benefit, which is 10 years. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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Foreign currency translation |
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of |
exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the |
date of the transaction. All differences are taken to the profit and loss account. |
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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. | INTANGIBLE FIXED ASSETS |
Development |
costs |
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COST |
At 1 April 2016 |
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Additions |
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At 31 March 2017 |
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AMORTISATION |
At 1 April 2016 |
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Amortisation for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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5. | TANGIBLE FIXED ASSETS |
Short | Plant and |
leasehold | machinery | Totals |
£ | £ | £ |
COST |
At 1 April 2016 |
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Additions |
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At 31 March 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for year |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 31 March 2016 |
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6. | STOCKS |
2017 | 2016 |
£ | £ |
Stocks |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors and prepayments |
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Director's current account | 49,222 | 5,946 |
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8. | 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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Other creditors |
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Parent company loan | 44,372 | 98,345 |
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RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2016 |
£ | £ |
Bank loans due 1 to 2 years |
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Bank loans due 2 to 5 years |
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10. | LEASING AGREEMENTS |
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Minimum lease payments under non-cancellable operating leases fall due as follows: |
2017 | 2016 |
£ | £ |
Within one year |
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Between one and five years |
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In more than five years |
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11. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2016 |
£ | £ |
Bank overdrafts |
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Bank loans |
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The bank overdraft and loans are secured by means of a fixed and floating charge over the assets of the company |
and by a personal guarantee from the director. |
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12. | PROVISIONS FOR LIABILITIES |
2017 | 2016 |
£ | £ |
Deferred tax |
Accelerated capital allowances | 18 | 3,995 |
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Deferred |
tax |
£ |
Balance at 1 April 2016 |
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Movement in year | (3,977 | ) |
Balance at 31 March 2017 |
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RUPERT SANDERSON SHOES LIMITED (REGISTERED NUMBER: 04256079) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2017 |
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13. | CALLED UP SHARE CAPITAL |
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Allotted and issued: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 23,000 | 23,000 |
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14. | RELATED PARTY DISCLOSURES |
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During the year £43,276 (2016-£18,416) was advanced to R J Sanderson and at the year end £49,222 |
(2016-£5,946) remained outstanding to the company. Interest of £nil (2016-£105) has been charged in the year |
on this loan. |
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15. | POST BALANCE SHEET EVENTS |
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In June 2017 the company declared a dividend of £4.347826 per share to shareholders registered at 31 March |
2017. |
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16. | ULTIMATE PARENT COMPANY |
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The company is a 90% (2016-90%) owned subsidiary of Laszlo Holdings Limited, whose registered office is 19 |
Bruton Place, London W1J 6LZ, and the director regards this company as the ultimate parent company. |