Steven Pollock Ltd
|
Registered number: |
08651014
|
Balance Sheet |
as at 31 August 2019
|
|
Notes |
|
|
2019 |
|
|
2018 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
8,688 |
|
|
7,987 |
|
Current assets |
Cash at bank and in hand |
|
|
12,022 |
|
|
2,933 |
|
Creditors: amounts falling due within one year |
4 |
|
(6,205) |
|
|
(4,395) |
|
Net current assets/(liabilities) |
|
|
|
5,817 |
|
|
(1,462) |
|
Net assets |
|
|
|
14,505 |
|
|
6,525 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
14,405 |
|
|
6,425 |
|
Shareholders' funds |
|
|
|
14,505 |
|
|
6,525 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
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|
|
|
|
S Pollock |
Director |
Approved by the board on 19 November 2019
|
|
Steven Pollock Ltd
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Notes to the Accounts |
for the year ended 31 August 2019
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|
|
1 |
Accounting policies |
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|
Basis of preparation |
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The financial statements for the year ended 31 August 2017 are the first financial statements prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 May 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.
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|
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
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|
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
|
|
|
Plant and machinery |
over 5 years |
|
|
Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
|
|
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
|
|
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
|
|
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
|
|
|
2 |
Employees |
2019 |
|
2018 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
£ |
|
Cost |
|
At 1 September 2018 |
18,960 |
|
Additions |
3,448 |
|
At 31 August 2019 |
22,408 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2018 |
10,973 |
|
Charge for the year |
2,747 |
|
At 31 August 2019 |
13,720 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2019 |
8,688 |
|
At 31 August 2018 |
7,987 |
|
|
4 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
£ |
£ |
|
|
Corporation tax |
5,410 |
|
3,596 |
|
Other creditors |
795 |
|
799 |
|
|
|
|
|
|
6,205 |
|
4,395 |
|
|
|
|
|
|
|
|
|
|
5 |
Other information |
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Steven Pollock Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
16 The Ridgeway |
|
Harold Wood |
|
Essex |
|
RM3 0DT |