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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
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FOR |
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SOUTH YORKSHIRE SHOOTING SUPPLIES |
LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
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FOR |
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SOUTH YORKSHIRE SHOOTING SUPPLIES |
LIMITED |
SOUTH YORKSHIRE SHOOTING SUPPLIES |
LIMITED (REGISTERED NUMBER: 04826728) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 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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SOUTH YORKSHIRE SHOOTING SUPPLIES |
LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
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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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12 Victoria Road |
Barnsley |
South Yorkshire |
S70 2BB |
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BANKERS: |
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38 Corporation Street |
Rotherham |
South Yorkshire |
S60 1NH |
SOUTH YORKSHIRE SHOOTING SUPPLIES |
LIMITED (REGISTERED NUMBER: 04826728) |
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BALANCE SHEET |
30 SEPTEMBER 2017 |
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30.9.17 | 31.3.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 8 |
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Retained earnings | 9 |
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SHAREHOLDERS' FUNDS |
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SOUTH YORKSHIRE SHOOTING SUPPLIES |
LIMITED (REGISTERED NUMBER: 04826728) |
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BALANCE SHEET - continued |
30 SEPTEMBER 2017 |
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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
on its behalf by: |
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SOUTH YORKSHIRE SHOOTING SUPPLIES |
LIMITED (REGISTERED NUMBER: 04826728) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
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1. | STATUTORY INFORMATION |
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South Yorkshire Shooting Supplies Limited is a
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in England and Wales. The company's registered number and registered office address can be |
found on the Company Information page. |
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The financial statements are presented in sterling which is the functional currency of the |
company and rounded to the nearest pound. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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This is the first year that the company has presented its financial statements under Financial |
Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council. The last financial |
statements for the year ended 31 March 2016 were prepared under previous UK GAAP, and |
the transition date to FRS 102 is therefore 1 April 2015. At the date of transition, no |
adjustments were required. |
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Significant judgements and estimates |
No judgements have been made in the process of applying the below accounting policies that |
have had the most significant effect on amounts recognised in the financial statements. |
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There are no key assumptions concerning the future and other key sources of estimation |
uncertainty at the reporting date that have a significant risk of causing material adjustment to |
the carrying amounts of assets and liabilities within the next financial year. |
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Turnover |
Turnover from the sale of shooting supplies is recognised when significant risks and rewards |
of ownership of the goods have transferred to the buyer, the amount of turnover can be |
measured reliably, it is probable that the economic benefits associated with the transaction |
will flow to the company and the costs incurred or to be incurred in respect of the transaction |
can be measured reliably. This is usually on receipt of payment and dispatch of goods. |
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Goodwill |
Positive purchased goodwill arising on acquisitions is capitalised and classified as an asset on |
the balance sheet. Goodwill is reviewed for impairment at the end of the first full financial |
year following each acquisition and subsequently as and when necessary if circumstances |
emerge that indicate that the carrying value may not be recoverable. |
SOUTH YORKSHIRE SHOOTING SUPPLIES |
LIMITED (REGISTERED NUMBER: 04826728) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated |
depreciation and accumulated impairment losses. Cost includes costs directly attributable to |
making the asset capable of operating as intended. |
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, |
less estimated residual value, of each asset on a systematic basis over its expected useful life |
as follows: |
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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 stock. |
Cost is calculated using the first-in, first-out method and includes all purchase, transport and |
handling costs in bringing stocks to their present location and condition. |
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Taxation |
Taxation for the period 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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SOUTH YORKSHIRE SHOOTING SUPPLIES |
LIMITED (REGISTERED NUMBER: 04826728) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 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 period 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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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 April 2016 |
and 30 September 2017 |
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AMORTISATION |
At 1 April 2016 |
and 30 September 2017 |
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NET BOOK VALUE |
At 30 September 2017 |
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At 31 March 2016 |
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SOUTH YORKSHIRE SHOOTING SUPPLIES |
LIMITED (REGISTERED NUMBER: 04826728) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
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COST |
At 1 April 2016 |
and 30 September 2017 |
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DEPRECIATION |
At 1 April 2016 |
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Charge for period |
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At 30 September 2017 |
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NET BOOK VALUE |
At 30 September 2017 |
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At 31 March 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 31.3.16 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.17 | 31.3.16 |
£ | £ |
Trade creditors |
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Corporation Tax |
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Social security and other taxes |
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VAT | 7,432 | 2,292 |
Credit card | 5,287 | - |
Directors' current accounts | 34,645 | 73,796 |
Accruals and deferred income |
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SOUTH YORKSHIRE SHOOTING SUPPLIES |
LIMITED (REGISTERED NUMBER: 04826728) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 APRIL 2016 TO 30 SEPTEMBER 2017 |
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8. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.17 | 31.3.16 |
value: | £ | £ |
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Ordinary Class A | £1 | 100 | 100 |
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Ordinary Class B | £1 | 50 | 50 |
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Ordinary Class C | £1 | 50 | 50 |
200 | 200 |
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9. | RESERVES |
Retained |
earnings |
£ |
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At 1 April 2016 |
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Profit for the period |
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Dividends | ( |
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At 30 September 2017 |
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