Staffroom Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04004950 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2017

FOR

STAFFROOM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

RG Shaw

SECRETARY:

Mrs P Shaw

REGISTERED OFFICE:

Stephenson Nuttall & Co

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

REGISTERED NUMBER:

04004950 (England and Wales)

ACCOUNTANTS:

Stephenson Nuttall & Co

Chartered Accountants

Ossington Chambers

6-8 Castle Gate

Newark

Nottinghamshire

NG24 1AX

FIXED ASSETS

Intangible assets

3

-

1,500

Tangible assets

4

-

105

Investments

5

100

-

100

1,605

CURRENT ASSETS

Debtors

6

264,324

271,858

Cash at bank

87,190

99,188

351,514

371,046

CREDITORS

Amounts falling due within one year

7

37,221

30,226

NET CURRENT ASSETS

314,293

340,820

TOTAL ASSETS LESS CURRENT LIABILITIES

314,393

342,425

PROVISIONS FOR LIABILITIES

8

-

21

NET ASSETS

314,393

342,404

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

10

314,392

342,403

SHAREHOLDERS' FUNDS

314,393

342,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 6th December 2017 and were signed by:

RG Shaw - Director

1.	STATUTORY INFORMATION

Staffroom 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.

Preparation of consolidated financial statements

The financial statements contain information about Staffroom 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.

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 2003, is being amortised evenly over its estimated useful life of sixteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

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

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 year end and that are expected to apply to the reversal of the

timing difference.

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.

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.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2016

and 31st March 2017

8,000

AMORTISATION

At 1st April 2016

6,500

Charge for year

1,500

At 31st March 2017

8,000

NET BOOK VALUE

At 31st March 2017

-

At 31st March 2016

1,500

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st April 2016

and 31st March 2017

2,012

5,992

8,004

DEPRECIATION

At 1st April 2016

1,956

5,943

7,899

Charge for year

56

49

105

At 31st March 2017

2,012

5,992

8,004

NET BOOK VALUE

At 31st March 2017

-

-

-

At 31st March 2016

56

49

105

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31st March 2017

100

NET BOOK VALUE

At 31st March 2017

100

Fixed asset investments represents 100% of the ordinary share capital of RGS Executive Limited.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Other debtors

260,011

271,858

VAT

4,313

-

264,324

271,858

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/17

31/3/16

£

£

Amounts owed to group undertakings

12,865

-

Tax

-

13,410

Social security and other taxes

-

14,956

Directors' current accounts

23,510

610

Accrued expenses

846

1,250

37,221

30,226

8.	PROVISIONS FOR LIABILITIES

31/3/17

31/3/16

£

£

Deferred tax

-

21

Deferred

tax

£

Balance at 1st April 2016

21

Accelerated capital allowances

(21

)

Balance at 31st March 2017

-

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/17

31/3/16

value:

£

£

1

Ordinary

£1

1

1

10.

RESERVES

Retained

earnings

£

At 1st April 2016

342,403

Deficit for the year

(3,511

)

Dividends

(24,500

)

At 31st March 2017

314,392

11.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st March 2017 (2016 - none).

12.	CAPITAL COMMITMENTS

31/3/17

31/3/16

£

£

Contracted but not provided for in the

financial statements

-

-

13.	RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £260,011 (2016 - £260,011) which represents monies owed to the

company by Danny Ponder Ltd, a company in which Mr RG Shaw and Mrs P Shaw are directors and

shareholders.

On 1st April 2016 RGS Executive Ltd, a wholly owned subsidiary company in which Mr RG Shaw is the sole

director, took over the trade of Staffroom Ltd. At 31st March 2017 an amount of £12,865 was due to RGS

Executive Ltd.

14.	ULTIMATE CONTROLLING PARTY

Mr RG Shaw owns 100% of the issued share capital.

15.	FIRST TIME ADOPTION OF FINANCIAL REPORTING STANDARD 102

These financial statements are the first which the company has prepared in accordance with the provisions of

Financial Reporting Standard 102 (FRS 102), including those of Section 1A relating to "Small Entities". The

transition to FRS 102 has had no effect on any item included within the opening balance sheet of the comparative

period at 1st March 2015, the income statement for the comparative period ended 31st March 2016 or the

closing balance sheet of the comparative period at 31st March 2016.