|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 30 April 2017 |
|
for |
|
J ST Louis Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements |
|
for the Year Ended 30 April 2017 |
|
for |
|
J ST Louis Limited |
J ST Louis Limited (Registered number: 07596781) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the year ended 30 April 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Statement of Financial Position | 2 |
|
Notes to the Financial Statements | 3 |
|
J ST Louis Limited |
|
Company Information |
for the year ended 30 April 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Accountants |
3-5 Grange Terrace |
Stockton Road |
Sunderland |
Tyne & Wear |
SR2 7DG |
J ST Louis Limited (Registered number: 07596781) |
|
Statement of Financial Position |
30 April 2017 |
|
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
|
|
|
CURRENT ASSETS |
Stocks | 6 |
|
|
Debtors | 7 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 9 | ( |
) | ( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) |
|
NET ASSETS/(LIABILITIES) |
|
( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 11 |
|
|
Retained earnings | 12 |
|
( |
) |
SHAREHOLDERS' FUNDS |
|
( |
) |
|
|
|
|
|
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. |
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
J ST Louis Limited (Registered number: 07596781) |
|
Notes to the Financial Statements |
for the year ended 30 April 2017 |
|
1. | STATUTORY INFORMATION |
|
J ST Louis Limited is a
|
number and registered office address can be found on the Company Information page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis, which assumes that the company will continue in |
operational existence for the foreseeable future, which the director considers to be appropriate. |
|
Reconciliation with previous generally accepted accounting practice |
These financial statements for the year ended 30th April 2017 are the first financial statements that comply with FRS 102 |
Section 1a "Small Entities" - "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The date of |
transition is 1st May 2015. In preparing the financial statements, the directors have considered whether in applying the |
accounting policies required by FRS102 Section 1a "Small Entities", the restatement of comparative items was required. The |
transition to FRS102 Section 1a "Small Entities" has resulted in a small number of changes in accounting policies to those |
previously used . The nature of these changes and their impact on the opening equity and profit for the comparative period |
are explained in note 18. |
|
Turnover |
Turnover represents amounts receivable for goods and services inclusive of VAT. |
|
Goodwill |
Acquired goodwill is written off in equal annual instalments over its estimated useful life. |
|
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. |
|
Tangible fixed assets |
|
Fixtures and fittings | - |
|
Motor vehicles | - |
|
|
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
items. |
|
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. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
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 statement of financial position date. |
|
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of |
financial position date. |
|
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. |
|
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. |
J ST Louis Limited (Registered number: 07596781) |
|
Notes to the Financial Statements - continued |
for the year ended 30 April 2017 |
|
2. | ACCOUNTING POLICIES - continued |
|
Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
their estimated useful lives or the lease term, whichever is the shorter. |
|
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the |
future payments is treated as a liability. |
|
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic |
financial instruments are recognised at transaction value and subsequently measured at their settlement value. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 May 2016 |
and 30 April 2017 |
|
AMORTISATION |
At 1 May 2016 |
|
Amortisation for year |
|
At 30 April 2017 |
|
NET BOOK VALUE |
At 30 April 2017 |
|
At 30 April 2016 |
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Motor |
fittings | vehicles | Totals |
£ | £ | £ |
COST |
At 1 May 2016 |
and 30 April 2017 |
|
|
|
DEPRECIATION |
At 1 May 2016 |
|
|
|
Charge for year |
|
|
|
At 30 April 2017 |
|
|
|
NET BOOK VALUE |
At 30 April 2017 |
|
|
|
At 30 April 2016 |
|
|
|
J ST Louis Limited (Registered number: 07596781) |
|
Notes to the Financial Statements - continued |
for the year ended 30 April 2017 |
|
5. | TANGIBLE FIXED ASSETS - continued |
|
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Motor |
vehicles |
£ |
COST |
At 1 May 2016 |
and 30 April 2017 |
|
DEPRECIATION |
At 1 May 2016 |
|
Charge for year |
|
At 30 April 2017 |
|
NET BOOK VALUE |
At 30 April 2017 |
|
At 30 April 2016 |
|
|
6. | STOCKS |
2017 | 2016 |
£ | £ |
Stocks |
|
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
|
|
Tax |
|
|
Prepayments |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
|
|
Trade creditors |
|
|
Tax |
|
|
Social security and other taxes |
|
|
Credit card |
|
|
Directors' current accounts |
|
|
Accrued expenses |
|
|
|
|
|
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Hire purchase contracts |
|
|
Directors' current accounts |
|
|
|
|
J ST Louis Limited (Registered number: 07596781) |
|
Notes to the Financial Statements - continued |
for the year ended 30 April 2017 |
|
10. | SECURED DEBTS |
|
The following secured debts are included within creditors: |
|
2017 | 2016 |
£ | £ |
Hire purchase contracts | 7,464 | 11,534 |
|
Hire purchase contracts are secured on the assets to which they relate. |
|
11. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
|
Ordinary shares | 1 | 100 | 100 |
|
12. | RESERVES |
Retained |
earnings |
£ |
|
At 1 May 2016 | ( |
) |
Profit for the year |
|
Dividends | ( |
) |
At 30 April 2017 |
|
|
13. | ULTIMATE CONTROLLING PARTY |
|
The controlling party is J L St Louis. |
J ST Louis Limited (Registered number: 07596781) |
|
Notes to the Financial Statements - continued |
for the year ended 30 April 2017 |
|
14. | FIRST YEAR ADOPTION |
|
Upon adoption of FRS 102 Section 1A, the following shows changes which have been made to previous years accounts: |
|
Reconciliation of Equity |
|
|
As at 01 May 2015 |
As at 30
April 2016 |
£ | £ |
|
Reserves as previously Stated | 8315 | (1465 | ) |
Recalculation of hire purchase interest |
|
Total | 8315 | (1465 | ) |
|
|
Recalculation of hire purchase interest | (300 | ) | (300 | ) |
|
Reserves as restated |
8015 | 1765 |
|
Reconciliation of income and expenditure for the year |
|
|
Year ended 30
April 2016 |
£ |
|
Profit for the year as previously stated | 11782 |
|
|
Additional interest on Hire Purchase | (300 | ) |
Profit for the year as restated | 11482 |
|
|
These adjustment were required as a result of the change in accounting treatment of hire purchase liabilities upon transition |
to FRS 102 Section 1A. The hire purchase interest charge is now calculated under the sum of digits method rather than the |
straight line basis adopted in prior years. |
|
Transitional relief |
On the transition to FRS102 the entity did not take advantage of any transitional relief. |