Sweepart Limited - Accounts to registrar

REGISTERED NUMBER: 03421163 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

SWEEPART LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs L H Kennedy-Lake

SECRETARY:

Mr D E Lake

REGISTERED OFFICE:

Kingsley House

22-24 Elm Road

Leigh-on-Sea

Essex

SS9 1SN

REGISTERED NUMBER:

03421163 (England and Wales)

ACCOUNTANTS:

CKS Accountancy Limited

1349/1353 London Road

Leigh-on-Sea

Essex

SS9 2AB

FIXED ASSETS

Intangible assets

4

15,000

Tangible assets

5

13,838

16,281

28,838

31,281

CURRENT ASSETS

Debtors

6

94,015

131,887

Cash at bank and in hand

77,383

80,483

171,398

212,370

CREDITORS

Amounts falling due within one year

7

96,693

150,977

NET CURRENT ASSETS

74,705

61,393

TOTAL ASSETS LESS CURRENT
LIABILITIES

103,543

92,674

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

103,443

92,574

SHAREHOLDERS' FUNDS

103,543

92,674

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 26 July 2017 and were signed by:

Mrs L H Kennedy-Lake - Director

1.	STATUTORY INFORMATION

Sweepart Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

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.

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.

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.

Financial instruments

Financial instruments are classified and accounted for,according to the substance of the contractual

arrangement,as either financial assets,financial liabilities or equity instruments.An equity instrument is any

contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2015

and 31 October 2016

15,000

NET BOOK VALUE

At 31 October 2016

15,000

At 31 October 2015

15,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 November 2015

and 31 October 2016

31,670

DEPRECIATION

At 1 November 2015

15,389

Charge for year

2,443

At 31 October 2016

17,832

NET BOOK VALUE

At 31 October 2016

13,838

At 31 October 2015

16,281

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Sales ledger control

89,340

126,733

Prepayments

4,675

5,154

94,015

131,887

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Trade creditors

4,476

12,779

Tax

13,921

14,469

Social security and other taxes

9,122

10,931

Net wages creditor

13,849

16,966

VAT

51,330

61,805

Other staff creditors

-

1,077

Director's loan acc

1,102

27,597

Accrued expenses

2,893

5,353

96,693

150,977

8.	RELATED PARTY TRANSACTIONS

The company was under the control of Mrs L H Kennedy-Lake throughout the current year. Mrs L H

Kennedy-Lake is personally interested in 100% (2015-100%).

Balance owing to to the director Mrs L H Kennedy-Lake is shown in the foregoing creditors note.

No other transactions with related parties were undertaken such as are required to be disclosed.

Sweepart Limited - Accounts to registrar - small 17.2

Sweepart Limited - Accounts to registrar - small 17.2