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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period |
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1 March 2016 to 31 March 2017 |
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for |
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Steven Brown Financial Services Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period |
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1 March 2016 to 31 March 2017 |
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for |
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Steven Brown Financial Services Limited |
Steven Brown Financial Services Limited (Registered number: 09233173) |
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Contents of the Financial Statements |
for the Period 1 March 2016 to 31 March 2017 |
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Company Information | 1 |
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Statement of Financial Position | 2 |
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Notes to the Financial Statements | 4 |
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Chartered Certified Accountant's Report | 8 |
Steven Brown Financial Services Limited |
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Company Information |
for the Period 1 March 2016 to 31 March 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANT: |
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Kelyn |
Old Hill |
Helston |
Cornwall |
TR13 8HT |
Steven Brown Financial Services Limited (Registered number: 09233173) |
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Statement of Financial Position |
31 March 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Steven Brown Financial Services Limited (Registered number: 09233173) |
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Statement of Financial Position - continued |
31 March 2017 |
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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 director on
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Steven Brown Financial Services Limited (Registered number: 09233173) |
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Notes to the Financial Statements |
for the Period 1 March 2016 to 31 March 2017 |
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1. | STATUTORY INFORMATION |
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Steven Brown Financial Services Limited is a
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England and Wales. The company's registered number and registered office address can be found on |
the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Preparation of consolidated financial statements |
The financial statements contain information about Steven Brown Financial Services Limited as an |
individual company and do not contain consolidated financial information as the parent of a group. The |
company has taken the option under Section 398 of the Companies Act 2006 not to prepare |
consolidated financial statements. |
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Turnover and revenue recognition |
Turnover represents net ongoing charges for referral services. The supply of financial services advice |
is exempt from Value Added Tax. |
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Revenue is recognised as and when agreed with the Authorised Representatives that the company, as |
an approved advisor, undertakes recurring advisor work on behalf. Settlements are normally agreed |
on a monthly basis. |
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Tangible fixed assets |
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Plant and machinery | - |
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Motor vehicles | - |
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Computer equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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 statement of financial position date. |
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Steven Brown Financial Services Limited (Registered number: 09233173) |
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Notes to the Financial Statements - continued |
for the Period 1 March 2016 to 31 March 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 statement of financial position 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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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the |
period of the lease. |
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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. | TANGIBLE FIXED ASSETS |
Plant and | Motor | Computer |
machinery | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2016 |
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Additions |
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Disposals |
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At 31 March 2017 |
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DEPRECIATION |
At 1 March 2016 |
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Charge for period |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 29 February 2016 |
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Steven Brown Financial Services Limited (Registered number: 09233173) |
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Notes to the Financial Statements - continued |
for the Period 1 March 2016 to 31 March 2017 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
Additions |
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At 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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The company's investments at the Statement of Financial Position date in the share capital of |
companies include the following: |
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Registered office: 13 St Carantoc Way, Newquay, Cornwall UK TR8 5SB |
Nature of business:
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Class of shares: | holding |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Directors' current accounts | - | 9,773 |
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An overdrawn Directors Loan Account is repayable on demand. |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Tax |
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Social security and other taxes |
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Directors' current accounts | 3,729 | - |
Accrued expenses |
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Steven Brown Financial Services Limited (Registered number: 09233173) |
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Notes to the Financial Statements - continued |
for the Period 1 March 2016 to 31 March 2017 |
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8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the periods ended 31 March 2017 |
and 29 February 2016: |
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2017 | 2016 |
£ | £ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period | ( |
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At the balance sheet date the company owed £3,729 to the director, Mr S Brown. This was the |
balance on the director's current account and is disclosed within other creditors. |
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The company made advances totalling £16,969 to the director during the year. The director repaid a |
total of £30,471 during the year, including dividends and salary credited to the account. |
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The main conditions regarding advances and credits were that sums were to be repaid to the company |
as soon as possible. Overdrawn balances exceeding £10,000 will incur interest at the official rate of |
interest. The official rate of interest applied was 3.00% throughout the year. No interest was charged. |
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9. | ULTIMATE CONTROLLING PARTY |
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The controlling party is S J Brown. |
Chartered Certified Accountant's Report to the Director |
on the Unaudited Financial Statements of |
Steven Brown Financial Services Limited |
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The following reproduces the text of the report prepared for the director in respect of the company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Statement of Financial Position. Readers are cautioned that the Income |
Statement and certain other primary statements and the Report of the Director are not required to be |
filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval |
the financial statements of Steven Brown Financial Services Limited for the period ended 31 March 2017 |
which comprise the Income Statement, Statement of Financial Position, and the related notes from the |
company's accounting records and from information and explanations you have given me. |
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As a practising member of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
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This report is made solely to the director of Steven Brown Financial Services Limited in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of Steven Brown Financial Services Limited and state those matters that I have agreed to state to the director of Steven Brown Financial Services Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and its director for my work or for this report. |
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It is your duty to ensure that Steven Brown Financial Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Steven Brown Financial Services Limited. You consider that Steven Brown Financial Services Limited is exempt from the statutory audit requirement for the period. |
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I have not been instructed to carry out an audit or a review of the financial statements of Steven Brown Financial Services Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements. |
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Kelyn |
Old Hill |
Helston |
Cornwall |
TR13 8HT |
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