Company Registration No. 08412289 (England and Wales)
SANDRA ROWLEY MARKETING UK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017
PAGES FOR FILING WITH REGISTRAR
SANDRA ROWLEY MARKETING UK LTD
COMPANY INFORMATION
Director
Sandra Rowley
Company number
08412289
Registered office
Swaynes Jumps
Off Mill Lane
Willaston
CH64 1RN
Accountants
TaxAssist Accountants Ellesmere Port
38 Station Road
Ellesmere Port
CH65 4BQ
SANDRA ROWLEY MARKETING UK LTD
CONTENTS
Page
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
SANDRA ROWLEY MARKETING UK LTD
DIRECTOR'S REPORT
FOR THE YEAR ENDED 28 FEBRUARY 2017
- 1 -
The director presents her annual report and financial statements for the year ended 28 February 2017.
Principal activities
The principal activity of the company continued to be that of marketing services.
Director
The director who held office during the year and up to the date of signature of the financial statements was as follows:
Sandra Rowley
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
Sandra Rowley
Director
29 November 2017
SANDRA ROWLEY MARKETING UK LTD
BALANCE SHEET
AS AT
28 FEBRUARY 2017
28 February 2017
- 2 -
2017
2016
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,366
887
Current assets
Debtors
3
15,460
29,730
Cash at bank and in hand
4,310
2,835
19,770
32,565
Creditors: amounts falling due within one year
4
(5,023)
(7,804)
Net current assets
14,747
24,761
Total assets less current liabilities
16,113
25,648
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
16,112
25,647
Total equity
16,113
25,648
The director of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 28 February 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
T
he director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
T
he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and signed by the director and authorised for issue on 29 November 2017
Sandra Rowley
Director
Company Registration No. 08412289
SANDRA ROWLEY MARKETING UK LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2017
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 March 2015
1
71
72
Year ended 28 February 2016:
Profit and total comprehensive income for the year
-
25,576
25,576
Balance at 28 February 2016
1
25,647
25,648
Year ended 28 February 2017:
Profit and total comprehensive income for the year
-
16,112
16,112
Dividends
-
(25,647)
(25,647)
Balance at 28 February 2017
1
16,112
16,113
SANDRA ROWLEY MARKETING UK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017
- 4 -
1
Accounting policies
Company information
Sandra Rowley Marketing UK Ltd is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Swaynes Jumps, Off Mill Lane, Willaston, CH64 1RN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business
, and
is shown net of VAT and other sales related taxes
.
The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
20% Straight Line
Computer equipment
20% Straight Line
1.4
Impairment of fixed assets
1.5
Equity instruments
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
SANDRA ROWLEY MARKETING UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2017
1
Accounting policies
(Continued)
- 5 -
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
2
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 29 February 2016
470
1,300
1,770
Additions
391
650
1,041
At 28 February 2017
861
1,950
2,811
Depreciation and impairment
At 29 February 2016
253
630
883
Depreciation charged in the year
172
390
562
At 28 February 2017
425
1,020
1,445
Carrying amount
At 28 February 2017
436
930
1,366
At 28 February 2016
217
670
887
3
Debtors
2017
2016
Amounts falling due within one year:
£
£
Trade debtors
1,000
2,400
Other debtors
14,460
27,330
15,460
29,730
SANDRA ROWLEY MARKETING UK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2017
- 6 -
4
Creditors: amounts falling due within one year
2017
2016
£
£
Corporation tax
3,960
6,766
Other creditors
1,063
1,038
5,023
7,804
5
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary Shares of £1 each
1
1