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REGISTERED NUMBER:
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SJS (Norton) Limited |
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Financial Statements |
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for the Year Ended 30 September 2017 |
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REGISTERED NUMBER:
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SJS (Norton) Limited |
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Financial Statements |
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for the Year Ended 30 September 2017 |
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SJS (Norton) Limited (Registered number: 05643500) |
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Contents of the Financial Statements |
for the year ended 30 September 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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SJS (Norton) Limited |
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Company Information |
for the year ended 30 September 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Chartered Accountants & Statutory Auditor |
33 George Street |
Wakefield |
West Yorkshire |
WF1 1LX |
SJS (Norton) Limited (Registered number: 05643500) |
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Balance Sheet |
30 September 2017 |
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2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 3 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 4 |
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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 | 5 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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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SJS (Norton) Limited (Registered number: 05643500) |
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Notes to the Financial Statements |
for the year ended 30 September 2017 |
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1. | STATUTORY INFORMATION |
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SJS (Norton) Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Going concern |
The directors are of the opinion that the company continues to be a going concern and have therefore adopted |
that basis in the preparation of the financial statements. |
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Turnover |
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax |
and trade discounts. In the case of long term contracts turnover is calculated as the proportion of total expected |
amounts recoverable for each contract. |
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Rental income is recognised on a straight line basis over the term of the lease. Lease incentives granted are |
recognised as an integral part of the total rental income. |
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Work in progress |
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of |
activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the |
valuation of work in progress. |
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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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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. |
SJS (Norton) Limited (Registered number: 05643500) |
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Notes to the Financial Statements - continued |
for the year ended 30 September 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Long term contracts |
Profit on long term contracts is taken as the work is carried out, if the final outcome can be assessed with |
reasonable certainty. The profit is calculated on a prudent basis, to reflect the proportion of work carried out at |
the year end, by recording the turnover and related costs as contract activity progresses. Turnover is calculated as |
the proportion of total expected amounts recoverable for each contract. Profits derived from variations on |
contracts are recognised only when they have been accepted by the customer. Full provision is made for losses |
on contracts in the year in which they are first foreseen. |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Amounts recoverable on contract |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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VAT | 9,449 | 389,273 |
Accruals and deferred income |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 1 | 1 |
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6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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7. | RELATED PARTY DISCLOSURES |
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The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party |
transactions with wholly owned subsidiaries within the group. |
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8. | ULTIMATE CONTROLLING PARTY |
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