Company Registration No. 9399466 (England and Wales)
Footsteps Ltd Limited
Unaudited accounts
for the year ended 31 December 2016
Footsteps Ltd Limited
Unaudited accounts
Contents
Footsteps Ltd Limited
Company Information
for the year ended 31 December 2016
Company Number
9399466 (England and Wales)
Registered Office
24 Queens Parade
North Road
Lancing
West Sussex
BN15 9BA
Footsteps Ltd Limited
Statement of financial position
as at
31 December 2016
Tangible assets
2,124
3,143
Cash at bank and in hand
1,578
3,911
Creditors: amounts falling due within one year
(6,329)
(7,651)
Net current assets
1,888
2,580
Total assets less current liabilities
4,012
5,723
Creditors: amounts falling due after more than one year
(3,998)
(5,712)
Called up share capital
10
10
Profit and loss account
4
1
Shareholders' funds
14
11
For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 17 November 2017.
N Brady
Director
Company Registration No. 9399466
Footsteps Ltd Limited
Notes to the Accounts
for the year ended 31 December 2016
Footsteps Ltd Limited is a private company, limited by shares, registered in England and Wales, registration number 9399466. The registered office and principal place of business is 24 Queens Parade, North Road, Lancing, West Sussex, BN15 9BA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 21 January 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Computer equipment
25% Straight line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Footsteps Ltd Limited
Notes to the Accounts
for the year ended 31 December 2016
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2016
3,404
674
4,078
At 31 December 2016
3,404
674
4,078
At 1 January 2016
785
150
935
Charge for the year
850
169
1,019
At 31 December 2016
1,635
319
1,954
At 31 December 2016
1,769
355
2,124
At 31 December 2015
2,619
524
3,143
Finished goods
1,850
2,000
Accrued income and prepayments
1,195
2,009
Other debtors
3,594
2,311
7
Creditors: amounts falling due within one year
2016
2015
Bank loans and overdrafts
1,714
1,714
Taxes and social security
1,803
1,431
Loans from directors
-
1,694
8
Creditors: amounts falling due after more than one year
2016
2015
9
Share capital
2016
2015
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Footsteps Ltd Limited
Notes to the Accounts
for the year ended 31 December 2016
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to director
(1,694)
18,974
13,686
3,594
(1,694)
18,974
13,686
3,594
11
Average number of employees
During the year the average number of employees was 1 (2015: 1).