Registration number:
for the Year Ended
SURELET (GLOUCESTER) LTD
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SURELET (GLOUCESTER) LTD
Company Information
Directors |
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Registered office |
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Accountants |
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SURELET (GLOUCESTER) LTD
Directors' Report for the Year Ended 31 March 2016
The directors present their report and the unaudited financial statements for the year ended 31 March 2016.
Directors of the company
The directors who held office during the year were as follows:
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
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Mr Tom SMITH
Director
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Mrs Jemma WILKINSON
Director
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Mr Robert BUCKLEY
Director
Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
SURELET (GLOUCESTER) LTD
for the Year Ended 31 March 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SURELET (GLOUCESTER) LTD for the year ended 31 March 2016 set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SURELET (GLOUCESTER) LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of SURELET (GLOUCESTER) LTD . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SURELET (GLOUCESTER) LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SURELET (GLOUCESTER) LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SURELET (GLOUCESTER) LTD. You consider that SURELET (GLOUCESTER) LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SURELET (GLOUCESTER) LTD. 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 accounts.
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Brothertons Accountants Ltd
2 Commercial House
Abbeymead Avenue
Gloucester
GL4 5UA
20 December 2016
SURELET (GLOUCESTER) LTD
Profit and Loss Account for the Year Ended 31 March 2016
Note |
2016
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2015
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Other operating income |
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- |
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Operating profit |
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Costs of reorganisation and restructuring |
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- |
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Interest payable and similar charges |
( |
( |
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Profit on ordinary activities before taxation |
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Tax on profit on ordinary activities |
( |
- |
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Profit for the financial year |
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4
SURELET (GLOUCESTER) LTD
(Registration number: 04669719)
Balance Sheet at 31 March 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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- |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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( |
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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 |
( |
- |
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Net assets/(liabilities) |
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( |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Profit and loss account |
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( |
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Shareholders' funds/(deficit) |
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( |
Approved and authorised for issue by the Board on
5
SURELET (GLOUCESTER) LTD
(Registration number: 04669719)
Balance Sheet at 31 March 2016
......... continued
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Mr Tom SMITH
Director
.........................................
Mrs Jemma WILKINSON
Director
.........................................
Mr Robert BUCKLEY
Director
6
SURELET (GLOUCESTER) LTD
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Franchise fee |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Motor Vehicles |
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Fixtures and fittings |
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Office Equipment |
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Hire purchase and leasing
Financial instruments
SURELET (GLOUCESTER) LTD
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued
Operating profit |
Operating profit is stated after charging:
2016
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2015
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Depreciation of tangible fixed assets |
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Amortisation |
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Exceptional items |
2016
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2015
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Reorganisation or restructuring |
(50,017) |
- |
Directors' remuneration |
The directors' remuneration for the year was as follows:
2016
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2015
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Remuneration |
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Taxation |
Tax on profit on ordinary activities
2016
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2015
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Current tax |
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Corporation tax charge |
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- |
SURELET (GLOUCESTER) LTD
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued
Intangible fixed assets |
Goodwill
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Total
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Cost |
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At 1 April 2015 |
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Additions |
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Disposals |
( |
( |
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At 31 March 2016 |
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Amortisation |
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At 1 April 2015 |
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Charge for the year |
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Eliminated on disposals |
( |
( |
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At 31 March 2016 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
- |
- |
Tangible fixed assets |
Fixtures and fittings
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Motor vehicles
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Office equipment
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Total
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Cost or valuation |
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At 1 April 2015 |
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Additions |
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- |
- |
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At 31 March 2016 |
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Depreciation |
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At 1 April 2015 |
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Charge for the year |
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At 31 March 2016 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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SURELET (GLOUCESTER) LTD
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued
Debtors |
2016
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2015
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Trade debtors |
- |
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Other debtors |
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Debtors includes £74,636 (2015 - £90,970) receivable after more than one year.
Creditors: Amounts falling due within one year |
2016
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2015
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Trade creditors |
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Bank loans and overdrafts |
- |
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Other taxes and social security |
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Other creditors |
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Creditors: Amounts falling due after more than one year |
2016
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2015
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Other creditors |
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- |
Included in the creditors are the following amounts due after more than five years:
2016
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2015
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After more than five years by instalments |
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- |
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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SURELET (GLOUCESTER) LTD
Notes to the Financial Statements for the Year Ended 31 March 2016
......... continued
Dividends |
2016
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2015
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Dividends paid |
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Prior year final dividend paid |
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- |
Reserves |
Share premium account
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Profit and loss account
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Total
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At 1 April 2015 |
9,001 |
(70,407) |
(61,406) |
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Profit for the year |
- |
127,390 |
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Dividends |
- |
(49,237) |
( |
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At 31 March 2016 |
9,001 |
7,746 |
16,747 |
Control |
The company is controlled by the directors who own 0% of the called up share capital.